Energy Vault (NYSE:NRGV) Shares Up 11% – Time to Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV) was up 11% during trading on Tuesday . The stock traded as high as $4.09 and last traded at $4.2640. Approximately 508,729 shares changed hands during trading, a decline of 89% from the average daily volume of 4,519,227 shares. The stock had previously closed at $3.84.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NRGV. Fundamental Research set a $8.03 price target on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, August 18th. Weiss Ratings cut shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. Citigroup increased their price objective on shares of Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Roth Capital restated a “buy” rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Four investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.01.

Energy Vault Trading Up 13.7%

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. The firm has a market capitalization of $793.91 million, a price-to-earnings ratio of -6.60 and a beta of 1.24. The firm’s 50-day moving average is $3.51 and its 200 day moving average is $3.88.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The business had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. On average, equities analysts predict that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Energy Vault news, Director Stephanie Unwin sold 115,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total value of $426,650.00. Following the sale, the director owned 182,245 shares in the company, valued at approximately $676,128.95. The trade was a 38.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dylan Hixon purchased 85,518 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $3.74 per share, with a total value of $319,837.32. Following the purchase, the director owned 31,864 shares of the company’s stock, valued at approximately $119,171.36. This trade represents a -159.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 17.20% of the stock is owned by corporate insiders.

Institutional Trading of Energy Vault

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in Energy Vault by 3.7% during the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after purchasing an additional 3,690 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Energy Vault by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after purchasing an additional 4,897 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Energy Vault by 19.9% during the first quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock worth $137,000 after buying an additional 6,900 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Energy Vault by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after buying an additional 7,742 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after buying an additional 8,570 shares during the last quarter. 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.