Energy Vault (NYSE:NRGV) Stock Rating Lowered by Zacks Research

Energy Vault (NYSE:NRGV) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on NRGV. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. 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 note on Wednesday, November 12th. 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 company’s stock. According to data from MarketBeat.com, Energy Vault currently has an average rating of “Hold” and a consensus target price of $2.67.

Energy Vault Stock Up 1.9%

NYSE:NRGV traded up $0.06 on Tuesday, hitting $3.13. 556,661 shares of the company’s stock traded hands, compared to its average volume of 3,548,110. The company has a market cap of $525.01 million, a PE ratio of -3.27 and a beta of 0.91. Energy Vault has a 1 year low of $0.60 and a 1 year high of $6.35. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $4.85 and a 200-day moving average price of $3.54.

Insider Activity at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total transaction of $245,500.00. Following the completion of the transaction, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. The trade was a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the firm’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 in the company, valued at approximately $87,776,315.15. This represents a 16.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in Energy Vault by 3.7% during the third quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after acquiring an additional 3,690 shares during the period. Osaic Holdings Inc. grew its position in Energy Vault by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after purchasing an additional 4,897 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Energy Vault by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after purchasing an additional 7,742 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock valued at $96,000 after buying an additional 8,570 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of Energy Vault in the fourth quarter valued at about $49,000. 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.