Energy Vault (NYSE:NRGV) Reaches New 52-Week High on Analyst Upgrade

Energy Vault Holdings, Inc. (NYSE:NRGV)’s share price hit a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $5.79 and last traded at $5.4830, with a volume of 829062 shares trading hands. The stock had previously closed at $4.92.

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

Insider Activity

In other Energy Vault news, CFO Michael Thomas Beer sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total transaction 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 trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Piconi bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the chief executive officer directly owned 20,207,242 shares in the company, valued at approximately $60,621,726. This trade represents a 0.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 15.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in Energy Vault by 381.1% in the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after acquiring an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Energy Vault by 201.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after buying an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Energy Vault by 4.2% in 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 in the last quarter. Jane Street Group LLC boosted its stake in Energy Vault by 613.7% during the first quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock valued at $97,000 after buying an additional 119,636 shares in the last quarter. Finally, Private Capital Advisors Inc. grew its holdings in Energy Vault by 41.0% during the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock worth $493,000 after acquiring an additional 200,000 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $2.73. The company has a market cap of $934.09 million, a P/E ratio of -5.84 and a beta of 0.91.

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

About Energy Vault

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.