Energy Vault (NYSE:NRGV) Trading Up 7.5% – Here’s What Happened

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) traded up 7.5% on Tuesday . The stock traded as high as $3.92 and last traded at $3.9140. Approximately 1,449,741 shares were traded during trading, a decline of 68% from the average session volume of 4,592,608 shares. The stock had previously closed at $3.64.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup boosted their price objective on Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wall Street Zen cut shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Fundamental Research set a $8.03 price objective on shares of Energy Vault and gave the stock a “buy” rating in a report on Tuesday, August 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price objective on shares of Energy Vault in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.01.

Energy Vault Stock Performance

The business’s fifty day moving average price is $3.60 and its 200-day moving average price is $3.88. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $674.63 million, a PE ratio of -5.62 and a beta of 1.21.

Energy Vault (NYSE:NRGV) last posted its 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). The firm had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. As a group, equities research analysts expect that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently bought and sold shares of NRGV. J. Goldman & Co LP purchased a new position in Energy Vault in the 2nd quarter worth approximately $7,085,000. RFG Advisory LLC bought a new position in shares of Energy Vault in the 4th quarter worth $1,560,000. Royal Bank of Canada raised its position in shares of Energy Vault by 306,907.9% during the 1st quarter. Royal Bank of Canada now owns 463,582 shares of the company’s stock valued at $1,529,000 after buying an additional 463,431 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Energy Vault during the 2nd quarter valued at $2,703,000. Finally, UBS Group AG lifted its holdings in shares of Energy Vault by 940.1% during the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after acquiring an additional 1,392,923 shares during 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.