Traders Buy Large Volume of Call Options on Energy Vault (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of some unusual options trading activity on Monday. Traders acquired 9,271 call options on the stock. This is an increase of 103% compared to the average daily volume of 4,557 call options.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Energy Vault in a report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target on the stock. Citigroup assumed coverage on shares of Energy Vault in a research report on Thursday, June 11th. They issued a “neutral” rating and a $5.25 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Wall Street Zen cut Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, The Goldman Sachs Group lifted their price target on Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $5.08.

Institutional Trading of Energy Vault

A number of institutional investors have recently made changes to their positions in the company. Creative Planning lifted its holdings in Energy Vault by 3.7% in the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after purchasing an additional 3,690 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Energy Vault by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after buying an additional 4,897 shares during the last quarter. Bank of Nova Scotia lifted its stake in shares of Energy Vault by 19.9% in the first quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock worth $137,000 after buying an additional 6,900 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Energy Vault by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after buying an additional 7,742 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after acquiring an additional 8,570 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Price Performance

Energy Vault stock traded up $0.21 during trading on Monday, reaching $4.25. The company had a trading volume of 2,514,669 shares, compared to its average volume of 4,501,266. The firm’s 50-day simple moving average is $4.77 and its 200 day simple moving average is $4.34. Energy Vault has a 1-year low of $0.75 and a 1-year high of $6.64. The firm has a market capitalization of $758.45 million, a PE ratio of -5.99 and a beta of 1.17. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The company had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. As a group, equities research analysts anticipate that Energy Vault will post -0.61 earnings per share for the current fiscal 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.