Energy Vault (NYSE:NRGV) Stock Jumps 9.7% - What's Next?

Key Points

• Energy Vault shares jumped 9.7% to $2.875 during midday trading, although volume was 91% below the average session level.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, one Hold and two Sell, producing an overall Hold consensus and an average price target of $5.76.
• The company continues to report weak profitability, with quarterly EPS of negative $0.17 versus an expected negative $0.14, a negative net margin of 48.58% and projected full-year EPS of negative $0.56.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) shares rose 9.7% during mid-day trading on Tuesday. The stock traded as high as $2.81 and last traded at $2.8750. 387,269 shares were traded during trading, a decline of 91% from the average session volume of 4,448,575 shares. The stock had previously closed at $2.62.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Fundamental Research set a $8.03 price objective on Energy Vault and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Citigroup reduced their price target on Energy Vault from $6.00 to $4.75 and set a "buy" rating on the stock in a research report on Wednesday, October 21st. Zacks Research upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Cantor Fitzgerald restated an "overweight" rating and set a $7.00 price objective on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Energy Vault has an average rating of "Hold" and a consensus target price of $5.76.

Energy Vault Trading Up 13.2%

The company has a market cap of $539.16 million, a PE ratio of -4.48 and a beta of 1.25. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. The firm has a fifty day moving average of $3.70 and a two-hundred day moving average of $3.98.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The company had revenue of $17.37 million for the quarter, compared to analysts' expectations of $14.24 million. Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. As a group, sell-side analysts predict that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Insider Transactions at Energy Vault

In related news, Director Stephanie Unwin sold 115,000 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total transaction of $426,650.00. Following the completion of the transaction, the director owned 182,245 shares of the company's stock, valued at approximately $676,128.95. The trade was a 38.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dylan Hixon bought 85,518 shares of the stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the purchase, the director directly owned 1,103,185 shares in the company, valued at approximately $4,125,911.90. This represents a 8.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 17.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Vault

Several large investors have recently added to or reduced their stakes in NRGV. Forte Asset Management LLC bought a new position in Energy Vault in the 1st quarter worth about $33,000. Sterling Capital Management LLC boosted its holdings in shares of Energy Vault by 153.2% in the 3rd quarter. Sterling Capital Management LLC now owns 9,111 shares of the company's stock worth $36,000 after purchasing an additional 5,512 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of Energy Vault in the 1st quarter worth about $48,000. Quantbot Technologies LP bought a new position in shares of Energy Vault during the 2nd quarter valued at about $50,000. Finally, Hsbc Holdings PLC bought a new position in shares of Energy Vault during the 2nd quarter valued at about $57,000. Institutional investors own 40.03% of the company's stock.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company's portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.

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