Energy Vault Holdings, Inc. (NYSE:NRGV) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.76.

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Energy Vault from $6.00 to $4.75 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Fundamental Research set a $8.03 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price objective on shares of Energy Vault in a report on Wednesday, August 12th. Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Finally, Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th.

Insider Activity at Energy Vault

In related news, Director Dylan Hixon purchased 85,518 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the purchase, the director directly owned 1,103,185 shares in the company, valued at $4,125,911.90. This trade represents a 8.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie Unwin sold 115,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total value of $426,650.00. Following the transaction, the director directly owned 182,245 shares in the company, valued at $676,128.95. This trade represents a 38.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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 made changes to their positions in the stock. Sterling Capital Management LLC increased its holdings in Energy Vault by 153.2% during the third quarter. Sterling Capital Management LLC now owns 9,111 shares of the company’s stock worth $36,000 after buying an additional 5,512 shares during the last quarter. Forte Asset Management LLC bought a new stake in Energy Vault during the first quarter worth $33,000. Quantbot Technologies LP bought a new stake in Energy Vault during the second quarter worth $50,000. Hsbc Holdings PLC bought a new stake in Energy Vault during the second quarter worth $57,000. Finally, Calamos Advisors LLC acquired a new stake in Energy Vault in the first quarter valued at $48,000. Institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

NYSE NRGV opened at $3.07 on Tuesday. The firm’s 50 day moving average is $3.65 and its 200-day moving average is $3.94. 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 has a market capitalization of $558.25 million, a PE ratio of -4.65 and a beta of 1.25. Energy Vault has a 12-month low of $2.46 and a 12-month high of $6.64.

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

About Energy Vault

Energy Vault Holdings, Inc develops and deploys utility-scale energy storage solutions designed to help integrate renewable power into electric grids. Its technologies are intended to store electricity during periods of excess generation and release it when demand is higher, supporting grid reliability and the broader transition to renewable energy.

The company’s portfolio includes gravity-based energy storage systems, battery energy storage systems and hybrid configurations. Its gravity storage platform, including the EVx system, uses mechanical processes to store and discharge energy, while its battery offerings are designed for applications such as renewable energy integration, capacity management and grid balancing.