Energy Vault Holdings, Inc. (NYSE:NRGV) Given Average Rating of “Reduce” by Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have received an average recommendation of “Reduce” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $3.5950.

NRGV has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. The Goldman Sachs Group increased their price objective on Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research note on Thursday. Finally, Zacks Research cut Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th.

Insiders Place Their Bets

In other news, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the completion of the sale, the chief financial officer owned 1,150,522 shares in the company, valued at $5,649,063.02. This represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total value of $16,950,000.00. Following the sale, the insider directly owned 15,535,631 shares of the company’s stock, 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. Insiders have acquired a total of 16,950 shares of company stock worth $55,062 over the last ninety days. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

A number of hedge funds have recently modified their holdings of the stock. Kovack Advisors Inc. bought a new position in shares of Energy Vault during the 4th quarter worth $49,000. Hsbc Holdings PLC purchased a new stake in Energy Vault during the fourth quarter valued at about $53,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Energy Vault in the third quarter worth about $36,000. Platform Technology Partners purchased a new stake in shares of Energy Vault during the 3rd quarter valued at approximately $40,000. Finally, Twinbeech Capital LP purchased a new position in Energy Vault in the 4th quarter valued at approximately $66,000. Institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

Energy Vault stock opened at $3.33 on Monday. The firm has a market cap of $557.90 million, a P/E ratio of -5.12 and a beta of 0.98. The stock’s 50 day moving average is $4.09 and its 200 day moving average is $3.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.59. Energy Vault has a one year low of $0.60 and a one year high of $6.35.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $153.31 million during the quarter, compared to the consensus estimate of $152.57 million. Energy Vault had a negative net margin of 50.87% and a negative return on equity of 106.69%. As a group, research analysts expect that Energy Vault will post -0.64 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.