The Goldman Sachs Group Issues Positive Forecast for Energy Vault (NYSE:NRGV) Stock Price

Energy Vault (NYSE:NRGV) had its price objective hoisted by The Goldman Sachs Group from $1.75 to $2.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential downside of 45.58% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Two research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to MarketBeat, Energy Vault currently has an average rating of “Reduce” and a consensus target price of $2.90.

Energy Vault Price Performance

NRGV stock traded up $0.09 during midday trading on Thursday, reaching $3.68. 3,039,147 shares of the company’s stock traded hands, compared to its average volume of 3,671,439. The company has a 50-day simple moving average of $4.17 and a two-hundred day simple moving average of $3.78. 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 1-year low of $0.60 and a 1-year high of $6.35. The company has a market cap of $616.63 million, a price-to-earnings ratio of -5.68 and a beta of 0.98.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $153.31 million during the quarter, compared to analyst estimates of $152.57 million. Energy Vault had a negative return on equity of 98.91% and a negative net margin of 50.87%. On average, analysts anticipate that Energy Vault will post -0.64 earnings per share for the current year.

Insiders Place Their Bets

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was 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 $87,776,315.15. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the sale, the chief financial officer directly owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 16,950 shares of company stock valued at $55,062. 15.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NRGV. AQR Capital Management LLC boosted its holdings in Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after purchasing an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $125,000 after buying an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after buying an additional 16,101 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after buying an additional 119,636 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Energy Vault in the 2nd quarter valued at about $36,000. Institutional investors 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.