Energy Vault Holdings, Inc. (NYSE:NRGV) Given Consensus Recommendation of “Hold” by Brokerages

by · The Markets Daily

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2.6725.

A number of equities analysts recently weighed in on NRGV shares. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. The Goldman Sachs Group boosted their target price on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, November 12th. Fundamental Research set a $5.19 price target on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th.

Read Our Latest Analysis on Energy Vault

Insider Transactions at Energy Vault

In other news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the completion of the sale, the insider owned 15,535,631 shares in the company, valued at $87,776,315.15. This trade represents a 16.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of Energy Vault stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Energy Vault in the 3rd quarter valued at $36,000. Platform Technology Partners acquired a new position in Energy Vault in the 3rd quarter valued at about $40,000. Banco BTG Pactual S.A. purchased a new stake in Energy Vault during the third quarter worth about $43,000. Ground Swell Capital LLC acquired a new stake in shares of Energy Vault during the second quarter worth about $26,000. Finally, Verition Fund Management LLC purchased a new position in shares of Energy Vault in the third quarter valued at approximately $120,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Price Performance

Shares of Energy Vault stock opened at $5.26 on Friday. The business has a 50 day simple moving average of $4.78 and a two-hundred day simple moving average of $3.24. Energy Vault has a 12 month low of $0.60 and a 12 month high of $6.35. 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 stock has a market capitalization of $881.74 million, a P/E ratio of -5.53 and a beta of 0.91.

Energy Vault (NYSE:NRGV – Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The business had revenue of $33.32 million for the quarter, compared to analyst estimates of $48.99 million. As a group, analysts predict that Energy Vault will post -0.64 EPS for the current fiscal year.

About Energy Vault

(Get Free Report)

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.

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