Energy Vault (NYSE:NRGV) Stock Price Down 9.9% – What’s Next?

Energy Vault Holdings, Inc. (NYSE:NRGV) shares traded down 9.9% on Friday . The company traded as low as $3.12 and last traded at $3.0650. 1,149,946 shares traded hands during trading, a decline of 67% from the average session volume of 3,482,425 shares. The stock had previously closed at $3.40.

Analyst Upgrades and Downgrades

NRGV has been the subject of a number of research analyst reports. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group raised their price target on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday, November 12th. Zacks Research cut Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.67.

Energy Vault Price Performance

The company’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $3.61. The company has a market cap of $510.92 million, a PE ratio of -3.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63.

Insiders Place Their Bets

In related news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the completion of the transaction, the insider directly owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. The trade was a 16.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the sale, the chief financial officer owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Energy Vault by 1,004.0% in the 4th 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 during the last quarter. Legal & General Group Plc purchased a new stake in Energy Vault during the 4th quarter worth about $18,217,000. Millennium Management LLC lifted its holdings in Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after buying an additional 3,430,094 shares during the last quarter. Invesco Ltd. acquired a new position in shares of Energy Vault during the 4th quarter worth about $11,454,000. Finally, Marshall Wace LLP increased its holdings in shares of Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock valued at $14,725,000 after acquiring an additional 1,821,462 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.