Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Rating of “Reduce” from Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been assigned a consensus recommendation of “Reduce” from the five analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.0167.

A number of analysts have recently issued reports on the stock. Fundamental Research set a $6.05 target price on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group raised their price target on shares of Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research report on Thursday, March 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Finally, Cantor Fitzgerald initiated coverage on Energy Vault in a research note on Tuesday. They issued an “overweight” rating and a $7.00 price target for the company.

Insider Buying and Selling

In related news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the transaction, the chief financial officer owned 1,060,945 shares of the company’s stock, valued at $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought a total of 16,950 shares of company stock valued at $55,062 over the last three months. 17.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Energy Vault

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kovack Advisors Inc. bought a new position in Energy Vault in the fourth quarter valued at approximately $49,000. Banco BTG Pactual S.A. acquired a new position in shares of Energy Vault during the 3rd quarter worth $43,000. XTX Topco Ltd bought a new stake in shares of Energy Vault during the 2nd quarter worth $39,000. Mercer Global Advisors Inc. ADV acquired a new stake in Energy Vault in the third quarter valued at about $36,000. Finally, SG Americas Securities LLC bought a new position in shares of Energy Vault in the 1st quarter valued at $64,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Price Performance

NYSE:NRGV opened at $4.43 on Tuesday. Energy Vault has a 12-month low of $0.65 and a 12-month high of $6.35. The firm has a market capitalization of $765.44 million, a price-to-earnings ratio of -6.81 and a beta of 1.14. The stock’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $3.98. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Energy Vault had a negative return on equity of 106.69% and a negative net margin of 50.87%.The business had revenue of $153.31 million for the quarter, compared to analyst estimates of $152.57 million. On average, analysts anticipate that Energy Vault will post -0.56 earnings per share for the current year.

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.