Wall Street Zen Downgrades Energy Vault (NYSE:NRGV) to Strong Sell

Key Points

• Wall Street Zen downgraded Energy Vault to “strong sell,” contrasting with a mixed analyst outlook; MarketBeat lists an overall “Hold” rating and an average price target of $5.41.
• Energy Vault opened at $3.79, with shares trading between a 52-week range of $1.40 to $6.64. The company reported a quarterly loss of $0.17 per share, missing estimates, despite revenue of $17.37 million exceeding expectations.
• The company continues to show weak profitability, including a negative net margin of 48.58% and negative return on equity of 236.83%; its CFO also sold 65,000 shares in July.

Energy Vault (NYSE:NRGV - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "sell" rating to a "strong sell" rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $7.00 price objective on shares of Energy Vault in a research report on Wednesday. Roth Capital reiterated a "buy" rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a report on Wednesday. Zacks Research raised Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Monday, July 6th. Weiss Ratings cut Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday. Finally, Citigroup upgraded Energy Vault from a "neutral" rating to a "buy" rating and reduced their price target for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.41.

Energy Vault Stock Performance

NYSE:NRGV opened at $3.79 on Friday. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.44 and a current ratio of 1.19. Energy Vault has a fifty-two week low of $1.40 and a fifty-two week high of $6.64. The firm has a market cap of $675.39 million, a PE ratio of -5.74 and a beta of 1.21. The business has a 50 day moving average price of $3.70 and a 200-day moving average price of $3.94.

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

Insider Activity

In related news, CFO Michael Thomas Beer sold 65,000 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total transaction of $265,200.00. Following the transaction, the chief financial officer owned 1,021,806 shares in the company, valued at $4,168,968.48. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.20% of the stock is owned by corporate insiders.

Institutional Trading of Energy Vault

Several large investors have recently bought and sold shares of NRGV. Forte Asset Management LLC purchased a new position in shares of Energy Vault during the 1st quarter worth approximately $33,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Energy Vault in the 3rd quarter worth approximately $36,000. XTX Topco Ltd purchased a new position in shares of Energy Vault in the 2nd quarter valued at approximately $39,000. Banco BTG Pactual S.A. purchased a new position in shares of Energy Vault in the 3rd quarter valued at approximately $43,000. Finally, Calamos Advisors LLC bought a new stake in shares of Energy Vault during the first quarter valued at approximately $48,000. 40.03% of the stock is owned by institutional investors.

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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