Fundamental Research Analysts Give Energy Vault (NYSE:NRGV) a $8.03 Price Target

Fundamental Research set a $8.03 target price on Energy Vault (NYSE:NRGV) in a report released on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

NRGV has been the subject of a number of other reports. Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Roth Capital reiterated a “buy” rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Finally, Weiss Ratings cut shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Energy Vault currently has an average rating of “Hold” and a consensus price target of $6.01.

Energy Vault Stock Performance

Shares of NYSE NRGV opened at $3.75 on Tuesday. 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 firm’s 50-day moving average price is $3.63 and its two-hundred day moving average price is $3.90. Energy Vault has a 52-week low of $1.55 and a 52-week high of $6.64. The stock has a market capitalization of $668.44 million, a P/E ratio of -5.68 and a beta of 1.21.

Energy Vault (NYSE:NRGV) last posted 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 company had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. As a group, sell-side analysts forecast that Energy Vault will post -0.56 earnings per share for the current year.

Insider Activity at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the transaction, the chief financial officer owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. The trade was a 5.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dylan Hixon purchased 27,472 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of $3.88 per share, with a total value of $106,591.36. Following the purchase, the director owned 27,472 shares of the company’s stock, valued at approximately $106,591.36. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 17.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energy Vault

Hedge funds and other institutional investors have recently modified their holdings of the stock. Forte Asset Management LLC bought a new position in Energy Vault in the 1st quarter valued at about $33,000. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault during the 3rd quarter valued at about $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault during the 2nd quarter worth about $39,000. Banco BTG Pactual S.A. acquired a new stake in shares of Energy Vault in the 3rd quarter worth approximately $43,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Energy Vault in the 1st quarter worth approximately $48,000. 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.