Energy Vault (NYSE:NRGV) Hits New 52-Week High – Still a Buy?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) reached a new 52-week high on Wednesday . The stock traded as high as $5.99 and last traded at $6.0450, with a volume of 2420574 shares. The stock had previously closed at $5.62.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Fundamental Research set a $5.19 price objective on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group lifted their target price on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.67.

Energy Vault Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $4.40 and its 200-day moving average price is $2.96. The stock has a market capitalization of $963.11 million, a PE ratio of -6.04 and a beta of 0.91.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The company had revenue of $33.32 million for the quarter, compared to the consensus estimate of $48.99 million. On average, equities analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other news, CEO Robert Piconi bought 10,000 shares of Energy Vault stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of $3.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the chief executive officer owned 20,207,242 shares in the company, valued at $60,621,726. The trade was a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the completion of the sale, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. This trade represents a 4.16% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Several hedge funds have recently modified their holdings of the business. Creative Planning increased its position in shares of Energy Vault by 3.7% in the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after acquiring an additional 3,690 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Energy Vault during the 3rd quarter worth about $36,000. Platform Technology Partners purchased a new stake in Energy Vault during the 3rd quarter valued at about $40,000. Banco BTG Pactual S.A. acquired a new position in shares of Energy Vault in the third quarter valued at about $43,000. Finally, Goldman Sachs Group Inc. increased its holdings 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 valued at $277,000 after purchasing an additional 16,101 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.