Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.0750.

NRGV has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research note on Thursday, March 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Citigroup began coverage on shares of Energy Vault in a research report on Thursday, June 11th. They set a “neutral” rating and a $5.25 target price for the company. Finally, Fundamental Research set a $6.05 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, March 24th.

Energy Vault Stock Down 3.8%

Shares of NRGV opened at $4.25 on Wednesday. Energy Vault has a 12 month low of $0.65 and a 12 month high of $6.64. The firm’s 50 day moving average is $4.67 and its 200-day moving average is $4.37. The stock has a market capitalization of $757.55 million, a PE ratio of -5.99 and a beta of 1.15. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 4.94.

Energy Vault (NYSE:NRGV) last announced its earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The business had revenue of $21.88 million for the quarter, compared to the consensus estimate of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. Equities research analysts forecast that Energy Vault will post -0.61 EPS for the current year.

Insider Activity at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $3.18, for a total transaction of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. This represents a 5.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NRGV. Forte Asset Management LLC purchased a new position in Energy Vault in the 1st quarter worth $33,000. Mercer Global Advisors Inc. ADV purchased a new position in Energy Vault in the 3rd quarter worth $36,000. XTX Topco Ltd purchased a new position in Energy Vault in the 2nd quarter worth $39,000. Banco BTG Pactual S.A. purchased a new position in Energy Vault in the 3rd quarter worth $43,000. Finally, Calamos Advisors LLC purchased a new position in Energy Vault in the 1st quarter worth $48,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.