Energy Vault Holdings, Inc. (NYSE:NRGV) Receives $6.01 Consensus Target Price from Brokerages

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.0060.

A number of research firms have recently commented on NRGV. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price objective on shares of Energy Vault in a research report on Wednesday, August 12th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Fundamental Research set a $8.03 price objective on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, August 18th. Citigroup lifted their price objective on Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th.

Insider Activity

In other Energy Vault news, Director Dylan Hixon acquired 27,472 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was bought at an average price of $3.88 per share, with a total value of $106,591.36. Following the completion of the acquisition, the director owned 27,472 shares of the company’s stock, valued at $106,591.36. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Beer sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the transaction, the chief financial officer owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

A number of hedge funds and other institutional investors have recently bought and sold shares of NRGV. Creative Planning raised its position in shares of Energy Vault by 3.7% during the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after buying an additional 3,690 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Energy Vault by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after acquiring an additional 4,897 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Energy Vault by 19.9% during the 1st quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock worth $137,000 after acquiring an additional 6,900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Energy Vault by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after acquiring an additional 7,742 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Energy Vault by 70.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after acquiring an additional 8,570 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

Energy Vault stock opened at $4.30 on Monday. The firm has a market capitalization of $782.82 million, a P/E ratio of -6.52 and a beta of 1.24. Energy Vault has a one year low of $1.78 and a one year high of $6.64. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. The business has a fifty day moving average price of $3.50 and a 200-day moving average price of $3.89.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The company had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. As a group, equities research analysts forecast that Energy Vault will post -0.56 EPS for the current year.

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.