Brokerages Set Energy Vault Holdings, Inc. (NYSE:NRGV) PT at $2.67

Energy Vault Holdings, Inc. (NYSE:NRGV) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.6725.

A number of equities analysts have weighed in on NRGV shares. The Goldman Sachs Group boosted their target price on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, November 12th. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th.

Energy Vault Stock Performance

Energy Vault stock opened at $3.19 on Thursday. The stock has a 50-day simple moving average of $4.67 and a 200 day simple moving average of $3.61. The stock has a market capitalization of $534.41 million, a price-to-earnings ratio of -3.35 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. Energy Vault has a 12-month low of $0.60 and a 12-month high of $6.35.

Insider Transactions at Energy Vault

In other news, 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 transaction, the insider owned 15,535,631 shares of the company’s stock, valued at approximately $87,776,315.15. This trade represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of Energy Vault stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the sale, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their position. The SEC filing for this sale provides additional information. 15.40% of the stock is owned by company insiders.

Institutional Trading of Energy Vault

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in Energy Vault by 1,004.0% during the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after acquiring an additional 5,181,624 shares during the last quarter. Legal & General Group Plc bought a new stake in Energy Vault in the fourth quarter valued at approximately $18,217,000. Millennium Management LLC raised its holdings in Energy Vault by 141.2% in the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the period. Invesco Ltd. bought a new position in shares of Energy Vault during the fourth quarter worth $11,454,000. Finally, Marshall Wace LLP grew its holdings in shares of Energy Vault by 132.7% in the 4th 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 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.