Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Recommendation of “Hold” from Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has earned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $2.6725.

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

Insider Activity

In related news, 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 stock was 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 represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Piconi purchased 10,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the chief executive officer owned 20,207,242 shares in the company, valued at approximately $60,621,726. This trade represents a 0.05% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 15.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energy Vault

Several hedge funds have recently modified their holdings of NRGV. AQR Capital Management LLC increased its position in Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after acquiring an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Energy Vault by 201.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after purchasing an additional 118,641 shares during the period. Goldman Sachs Group Inc. grew its position in Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after purchasing an additional 16,101 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after purchasing an additional 119,636 shares during the period. Finally, Private Capital Advisors Inc. raised its position in shares of Energy Vault by 41.0% during the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock valued at $493,000 after buying an additional 200,000 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Energy Vault Trading Down 2.6%

Shares of NYSE:NRGV opened at $5.45 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $913.62 million, a PE ratio of -5.73 and a beta of 0.91. Energy Vault has a 1 year low of $0.60 and a 1 year high of $6.35. The firm has a fifty day moving average price of $4.61 and a 200 day moving average price of $3.14.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). The company had revenue of $33.32 million during the quarter, compared to analyst estimates of $48.99 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%. Analysts expect that Energy Vault will post -0.64 EPS 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.