Energy Vault (NYSE:NRGV) Trading Up 7.5% - Still a Buy?

Key Points

• Energy Vault shares rose 7.5% to about $3.91 in mid-day trading, although volume was 68% below the stock’s average daily level.
• Analyst sentiment remains mixed: four analysts rate the stock a Buy, one rates it Hold and two rate it Sell. The consensus rating is Hold, with an average price target of $6.01.
• The company remains unprofitable, reporting a quarterly EPS loss of $0.17 versus an expected loss of $0.14, despite revenue exceeding estimates. Insider activity was mixed, with a director buying shares while the CFO sold 65,000 shares.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report)'s stock price rose 7.5% during mid-day trading on Tuesday . The company traded as high as $3.92 and last traded at $3.9140. 1,449,741 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 4,592,608 shares. The stock had previously closed at $3.64.

Analysts Set New Price Targets

NRGV has been the subject of several recent analyst reports. Fundamental Research set a $8.03 target price on shares of Energy Vault and gave the stock a "buy" rating in a research note on Tuesday, August 18th. 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. Zacks Research upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Weiss Ratings downgraded Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded Energy Vault from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Energy Vault currently has an average rating of "Hold" and an average target price of $6.01.

Energy Vault Stock Performance

The firm has a market capitalization of $706.45 million, a PE ratio of -5.87 and a beta of 1.21. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The company's fifty day moving average price is $3.61 and its two-hundred day moving average price is $3.88.

Energy Vault (NYSE:NRGV - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $17.37 million during the quarter, compared to analysts' expectations of $14.24 million. As a group, equities analysts expect that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current year.

Insider Buying and Selling at Energy Vault

In related news, Director Dylan Hixon acquired 27,472 shares of the stock in a transaction dated Monday, August 17th. The stock was bought at an average cost of $3.88 per share, with a total value of $106,591.36. Following the purchase, the director directly owned 27,472 shares of the company's stock, valued at approximately $106,591.36. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value 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 $4,168,968.48. This trade represents a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Vault

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company's stock worth $73,000 after purchasing an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Energy Vault by 201.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company's stock worth $125,000 after buying an additional 118,641 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock worth $277,000 after acquiring an additional 16,101 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock valued at $97,000 after acquiring an additional 119,636 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Energy Vault in the 2nd quarter valued at $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.

About Energy Vault

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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