Energy Vault’s (NRGV) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Energy Vault (NYSE:NRGV) in a research report report published on Wednesday,Benzinga reports. Cantor Fitzgerald currently has a $7.00 price objective on the stock.

NRGV has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Energy Vault presently has a consensus rating of “Hold” and a consensus price target of $5.41.

Energy Vault Price Performance

Shares of Energy Vault stock opened at $3.79 on Wednesday. The stock has a market capitalization of $675.39 million, a price-to-earnings ratio of -5.74 and a beta of 1.21. The firm’s 50-day moving average price is $3.70 and its two-hundred day moving average price is $3.94. The company has a current ratio of 1.19, a quick ratio of 1.44 and a debt-to-equity ratio of 24.07. Energy Vault has a 1-year low of $1.40 and a 1-year high of $6.64.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share 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 business had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. On average, equities analysts predict that Energy Vault will post -0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were 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 of the company’s stock, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

A number of institutional investors have recently modified their holdings of the company. Forte Asset Management LLC bought a new position in shares of Energy Vault during the first quarter worth about $33,000. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault during the 3rd quarter worth approximately $36,000. XTX Topco Ltd acquired a new position in Energy Vault during the 2nd quarter worth approximately $39,000. Banco BTG Pactual S.A. bought a new position in shares of Energy Vault during the 3rd quarter worth approximately $43,000. Finally, Calamos Advisors LLC bought a new stake in shares of Energy Vault in the first quarter worth $48,000. 40.03% of the stock is currently owned by 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.