Energy Vault (NYSE:NRGV) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Energy Vault (NYSE:NRGV) posted its quarterly earnings results on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06), Zacks reports. The business had revenue of $153.31 million for the quarter, compared to analyst estimates of $152.57 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.

Energy Vault Stock Performance

Shares of NYSE:NRGV opened at $3.51 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The business’s fifty day moving average price is $4.20 and its two-hundred day moving average price is $3.79. Energy Vault has a fifty-two week low of $0.60 and a fifty-two week high of $6.35. The stock has a market capitalization of $588.27 million, a price-to-earnings ratio of -3.69 and a beta of 0.98.

Insiders Place Their Bets

In other news, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the sale, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $16,950,000.00. Following the sale, the insider owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. This trade represents a 16.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have acquired 16,950 shares of company stock valued at $55,062. Company insiders own 19.80% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NRGV. Millennium Management LLC grew its stake in Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after buying an additional 3,430,094 shares during the last quarter. State Street Corp raised its stake in shares of Energy Vault by 1,004.0% in the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after acquiring an additional 5,181,624 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after acquiring an additional 1,821,462 shares in the last quarter. Invesco Ltd. bought a new stake in Energy Vault during the 4th quarter worth approximately $11,454,000. Finally, Vanguard Group Inc. grew its position in Energy Vault by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock worth $5,416,000 after acquiring an additional 308,509 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NRGV shares. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Finally, Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Energy Vault presently has an average rating of “Reduce” and a consensus price target of $2.90.

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.