Energy Vault (NYSE:NRGV) Trading 9% Higher – Time to Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price rose 9% during trading on Tuesday . The stock traded as high as $4.93 and last traded at $5.0150. Approximately 2,577,773 shares traded hands during trading, a decline of 4% from the average daily volume of 2,694,751 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NRGV shares. The Goldman Sachs Group boosted their price objective 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. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Finally, Fundamental Research set a $5.19 price objective on 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 given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Energy Vault presently has an average rating of “Hold” and an average target price of $2.67.

Energy Vault Price Performance

The company has a 50-day moving average of $4.85 and a 200 day moving average of $3.33. 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 cap of $858.25 million, a P/E ratio of -5.38 and a beta of 0.91.

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

Insider Activity at Energy Vault

In other news, CEO Robert Piconi acquired 10,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was bought at an average price of $3.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the chief executive officer owned 20,207,242 shares in the company, valued at approximately $60,621,726. This represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 15,535,631 shares in the company, valued at $87,776,315.15. The trade was a 16.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 15.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energy Vault

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in Energy Vault by 381.1% in the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after purchasing an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Energy Vault by 201.9% in the first 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 holdings in shares of Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after buying an additional 16,101 shares during the last quarter. Jane Street Group LLC lifted its position in 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 in the last quarter. Finally, Private Capital Advisors Inc. lifted its position in Energy Vault by 41.0% during the 2nd quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock worth $493,000 after buying an additional 200,000 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

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.