Energy Vault (NYSE:NRGV) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Energy Vault (NYSE:NRGV) from a sell rating to a strong sell rating in a report released on Saturday.

Several other equities analysts also recently commented on NRGV. Roth Capital reaffirmed a “buy” rating and issued a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $5.25 to $5.00 in a research report on Wednesday, July 22nd. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of Energy Vault in a report on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.41.

Energy Vault Stock Up 0.8%

Shares of NYSE:NRGV opened at $3.82 on Friday. Energy Vault has a 1 year low of $1.40 and a 1 year high of $6.64. The business has a 50 day simple moving average of $3.67 and a two-hundred day simple moving average of $3.93. The firm has a market capitalization of $680.91 million, a PE ratio of -5.79 and a beta of 1.21. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19.

Energy Vault (NYSE:NRGV) last released its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The business had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. On average, equities analysts predict that Energy Vault will post -0.56 EPS for the current year.

Insider Activity at Energy Vault

In other news, Director Dylan Hixon acquired 85,518 shares of Energy Vault stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the acquisition, the director directly owned 31,864 shares of the company’s stock, valued at $119,171.36. This trade represents a -159.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the sale, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Several institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Energy Vault by 381.1% in the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after acquiring an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 acquiring an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after purchasing an additional 16,101 shares during the period. Jane Street Group LLC increased 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 valued at $97,000 after purchasing an additional 119,636 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Energy Vault in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.