Zacks Research Upgrades Energy Vault (NYSE:NRGV) to Hold

Energy Vault (NYSE:NRGV) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on NRGV. The Goldman Sachs Group upped their target price on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Finally, Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.67.

Energy Vault Stock Down 3.0%

Shares of NRGV opened at $5.52 on Monday. The company has a 50-day simple moving average of $4.04 and a 200-day simple moving average of $2.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. The firm has a market capitalization of $926.20 million, a P/E ratio of -5.81 and a beta of 0.91. Energy Vault has a 52 week low of $0.60 and a 52 week high of $5.90.

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

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 50,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the transaction, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Piconi acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of $3.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the chief executive officer owned 20,207,242 shares of the company’s stock, valued at $60,621,726. This trade represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 19.80% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Large investors have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after purchasing an additional 3,430,094 shares in the last quarter. Jane Street Group LLC raised its stake in Energy Vault by 579.7% in the second quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock valued at $678,000 after buying an additional 806,576 shares during the period. Vanguard Group Inc. lifted its position in shares of Energy Vault by 20.4% in the third quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock valued at $5,416,000 after buying an additional 308,509 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Energy Vault during the 2nd quarter worth approximately $206,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Energy Vault during the 2nd quarter worth approximately $156,000. 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.