Energy Vault (NYSE:NRGV) Trading Down 8.8% – What’s Next?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) were down 8.8% on Wednesday . The stock traded as low as $3.97 and last traded at $3.8750. Approximately 2,011,349 shares traded hands during trading, a decline of 53% from the average daily volume of 4,260,863 shares. The stock had previously closed at $4.25.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Citigroup started coverage on Energy Vault in a research note on Thursday, June 11th. They set a “neutral” rating and a $5.25 price objective for the company. Fundamental Research set a $6.05 target price on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, March 24th. Cantor Fitzgerald began coverage on Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $5.08.

Energy Vault Price Performance

The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $4.70 and a two-hundred day simple moving average of $4.36. The company has a market cap of $737.96 million, a price-to-earnings ratio of -5.82 and a beta of 1.15.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. On average, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the transaction, the chief financial officer directly owned 1,060,945 shares in the company, valued at $3,373,805.10. The trade was a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 17.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in shares of 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 position in shares of Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after purchasing an additional 118,641 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Energy Vault by 4.2% in the 1st 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 period. Jane Street Group LLC lifted its position in Energy Vault by 613.7% in 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 during the last quarter. Finally, XTX Topco Ltd purchased a new position in Energy Vault during the second quarter worth about $39,000. 40.03% of the stock is currently owned by hedge funds and other 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.