Energy Vault (NYSE:NRGV) Shares Gap Down – What’s Next?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

NRGV has been the topic of several recent research reports. Weiss Ratings reaffirmed 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 report on Monday, January 5th. Fundamental Research set a $5.19 target price on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group increased their price target on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.67.

Energy Vault Price Performance

The firm has a market cap of $519.31 million, a PE ratio of -3.26 and a beta of 0.91. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $4.98 and a two-hundred day moving average price of $3.47.

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

Insider Transactions at Energy Vault

In other news, CEO Robert Piconi bought 10,000 shares of Energy Vault stock in a transaction that occurred 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 purchase, the chief executive officer directly owned 20,207,242 shares of the company’s stock, valued at approximately $60,621,726. The trade was a 0.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider owned 15,535,631 shares in the company, valued at approximately $87,776,315.15. The trade was a 16.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning increased its holdings in Energy Vault by 3.7% in the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after buying an additional 3,690 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of Energy Vault in the fourth quarter worth $51,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Energy Vault during the third quarter worth $36,000. Platform Technology Partners acquired a new position in Energy Vault during the third quarter valued at $40,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Energy Vault in the fourth quarter valued at $66,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.