Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Average Recommendation of “Reduce” from Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been given a consensus rating of “Reduce” by the five research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.0167.

NRGV has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, March 24th. Cantor Fitzgerald initiated coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target for the company. Finally, Wall Street Zen cut shares of Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd.

Insider Transactions at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the transaction, the chief financial officer directly owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. This represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in Energy Vault by 1,004.0% in the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after purchasing an additional 5,181,624 shares during the period. Legal & General Group Plc bought a new position in shares of Energy Vault in the fourth quarter valued at $18,217,000. Millennium Management LLC lifted its stake in shares of Energy Vault by 141.2% in the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after buying an additional 3,430,094 shares in the last quarter. Invesco Ltd. bought a new position in shares of Energy Vault in the fourth quarter valued at $11,454,000. Finally, Marshall Wace LLP lifted its stake in shares of Energy Vault by 132.7% in the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock valued at $14,725,000 after buying an additional 1,821,462 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Energy Vault Price Performance

NRGV stock opened at $5.51 on Friday. The company has a 50 day simple moving average of $4.41 and a 200 day simple moving average of $4.26. The stock has a market cap of $982.69 million, a price-to-earnings ratio of -7.76 and a beta of 1.15. Energy Vault has a 1 year low of $0.65 and a 1 year high of $6.64. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. Research analysts anticipate that Energy Vault will post -0.61 EPS for the current fiscal year.

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.