Energy Vault (NYSE:NRGV) Stock Price Down 6% - Time to Sell?

Key Points

• Energy Vault shares fell 6% to approximately $3.70 in mid-day trading, with volume down sharply versus the stock’s average.
• Analyst sentiment is mixed: four analysts rate the stock Buy, one Hold and two Sell, producing an overall “Hold” rating and a consensus price target of $6.01.
• The company remains unprofitable, reporting a quarterly EPS loss of $0.17 versus expectations of $0.14, despite revenue exceeding estimates; insiders own 17.2% of shares, with one director recently buying stock while the CFO sold shares.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) was down 6% during mid-day trading on Wednesday . The stock traded as low as $3.74 and last traded at $3.6950. 440,217 shares were traded during trading, a decline of 90% from the average daily volume of 4,581,661 shares. The stock had previously closed at $3.93.

Wall Street Analysts Forecast Growth

NRGV has been the topic of several analyst reports. Zacks Research upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Cantor Fitzgerald reiterated an "overweight" rating and set a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Citigroup increased their price target on Energy Vault from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Fundamental Research set a $8.03 price objective on shares of Energy Vault and gave the company a "buy" rating in a research note on Tuesday, August 18th. Finally, Weiss Ratings downgraded shares of 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $6.01.

Energy Vault Stock Down 7.5%

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. The firm has a market cap of $660.99 million, a price-to-earnings ratio of -5.49 and a beta of 1.21. The stock's 50 day moving average is $3.61 and its 200 day moving average is $3.88.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The firm had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Insider Buying and Selling at Energy Vault

In related news, Director Dylan Hixon acquired 27,472 shares of the business's stock in a transaction on Monday, August 17th. The shares were purchased at an average price of $3.88 per share, for a total transaction of $106,591.36. Following the acquisition, the director owned 27,472 shares in the company, valued at approximately $106,591.36. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the transaction, the chief financial officer directly owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RFG Advisory LLC bought a new stake in shares of Energy Vault in the 4th quarter valued at approximately $1,560,000. Royal Bank of Canada lifted its stake in Energy Vault by 306,907.9% in the first quarter. Royal Bank of Canada now owns 463,582 shares of the company's stock valued at $1,529,000 after acquiring an additional 463,431 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Energy Vault in the second quarter worth approximately $2,703,000. J. Goldman & Co LP acquired a new position in shares of Energy Vault during the 2nd quarter worth $7,085,000. Finally, UBS Group AG raised its holdings in Energy Vault by 940.1% during the fourth quarter. UBS Group AG now owns 1,541,087 shares of the company's stock valued at $7,104,000 after buying an additional 1,392,923 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company's flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.

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