Energy Vault (NYSE:NRGV) Given a $6.05 Price Target by Fundamental Research Analysts

Energy Vault (NYSE:NRGV) received a $6.05 target price from analysts at Fundamental Research in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 64.63% from the company’s current price.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Finally, Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Energy Vault has a consensus rating of “Reduce” and a consensus price target of $4.03.

Energy Vault Price Performance

Shares of NRGV stock opened at $3.68 on Tuesday. The business has a fifty day simple moving average of $3.97 and a 200 day simple moving average of $3.84. The company has a market cap of $616.63 million, a P/E ratio of -5.65 and a beta of 0.98. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56. Energy Vault has a twelve month low of $0.60 and a twelve month high of $6.35.

Energy Vault (NYSE:NRGV) last released its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $153.31 million during the quarter, compared to the consensus estimate of $152.57 million. Energy Vault had a negative net margin of 50.87% and a negative return on equity of 106.69%. On average, sell-side analysts forecast that Energy Vault will post -0.64 EPS for the current fiscal year.

Insider Activity

In related 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 value of $16,950,000.00. Following the completion of the transaction, 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 through this hyperlink. Insiders purchased a total of 16,950 shares of company stock valued at $55,062 over the last three months. Corporate insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kovack Advisors Inc. acquired a new position in shares of Energy Vault during the fourth quarter worth $49,000. Hsbc Holdings PLC acquired a new stake in Energy Vault in the fourth quarter valued at $53,000. Mercer Global Advisors Inc. ADV acquired a new stake in Energy Vault in the third quarter valued at $36,000. Platform Technology Partners bought a new position in Energy Vault during the 3rd quarter worth $40,000. Finally, Twinbeech Capital LP bought a new position in Energy Vault during the 4th quarter worth $66,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Company Profile

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.