Energy Vault (NYSE:NRGV) Shares Gap Down – Here’s What Happened

Energy Vault Holdings, Inc. (NYSE:NRGV) gapped down before the market opened on Thursday . The stock had previously closed at $4.06, but opened at $3.37. Energy Vault shares last traded at $3.2230, with a volume of 8,224,430 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on NRGV. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. The Goldman Sachs Group boosted their target price on Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Finally, Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Energy Vault presently has an average rating of “Hold” and a consensus price target of $2.67.

Energy Vault Trading Down 23.8%

The stock has a fifty day moving average of $4.98 and a 200-day moving average of $3.47. The company has a market cap of $519.31 million, a PE ratio of -3.26 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.

Energy Vault (NYSE:NRGV) last released its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.06). The business had revenue of $33.32 million for the quarter, compared to the consensus estimate of $48.99 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%. Sell-side analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Insider Activity at Energy Vault

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5.65, for a total value of $16,950,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Piconi bought 10,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was bought at an average price of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the chief executive officer directly owned 20,207,242 shares in the company, valued at approximately $60,621,726. This represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 15.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Energy Vault by 381.1% in the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after buying an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after purchasing an additional 118,641 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after purchasing an additional 16,101 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after purchasing an additional 119,636 shares during the period. Finally, Private Capital Advisors Inc. lifted its position in shares of Energy Vault by 41.0% in the 2nd quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock worth $493,000 after purchasing an additional 200,000 shares during the period. 40.03% of the stock is 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.