Energy Vault (NYSE:NRGV) Given a $8.03 Price Target at Fundamental Research

Energy Vault (NYSE:NRGV) received a $8.03 target price from Fundamental Research in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s price target would suggest a potential upside of 122.13% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 target price on shares of Energy Vault in a research note on Wednesday, August 12th. Roth Capital reiterated a “buy” rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.81.

Energy Vault Price Performance

NRGV traded down $0.20 during trading on Tuesday, reaching $3.62. 2,786,752 shares of the company were exchanged, compared to its average volume of 4,637,544. Energy Vault has a 12-month low of $1.40 and a 12-month high of $6.64. The company has a market cap of $644.36 million, a price-to-earnings ratio of -5.48 and a beta of 1.21. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. The company’s 50-day moving average is $3.67 and its two-hundred day moving average is $3.93.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) 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 the consensus estimate of $14.24 million. Research analysts forecast that Energy Vault will post -0.56 earnings per share for the current fiscal year.

Insider Activity at Energy Vault

In related news, Director Dylan Hixon acquired 85,518 shares of the business’s stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $3.74 per share, with a total value of $319,837.32. Following the acquisition, the director directly owned 31,864 shares in the company, valued at $119,171.36. This represents a -159.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, July 6th. The shares were 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 in the company, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Energy Vault

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Energy Vault in the 2nd quarter worth approximately $52,657,000. Millennium Management LLC raised its stake in Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after purchasing an additional 3,430,094 shares in the last quarter. State Street Corp raised its stake in Energy Vault by 1,004.0% during the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after purchasing an additional 5,181,624 shares in the last quarter. Legal & General Group Plc bought a new position in Energy Vault during the second quarter valued at $25,508,000. Finally, Marshall Wace LLP grew its position in Energy Vault by 132.7% in the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after acquiring an additional 1,821,462 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other 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.