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

Energy Vault Holdings, Inc. (NYSE:NRGV) has earned a consensus recommendation of “Reduce” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.0167.

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th. The Goldman Sachs Group upped 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. Wall Street Zen downgraded shares of Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently bought and sold shares of NRGV. Forte Asset Management LLC acquired a new stake in Energy Vault in the 1st quarter valued at about $33,000. Mercer Global Advisors Inc. ADV purchased a new stake in Energy Vault during the third quarter valued at about $36,000. XTX Topco Ltd purchased a new stake in Energy Vault during the second quarter valued at about $39,000. Banco BTG Pactual S.A. purchased a new stake in Energy Vault during the third quarter valued at about $43,000. Finally, Calamos Advisors LLC purchased a new stake in Energy Vault during the first quarter valued at about $48,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Stock Performance

NRGV stock opened at $5.05 on Friday. The company has a market capitalization of $873.03 million, a P/E ratio of -7.11 and a beta of 1.14. The company has a 50-day simple moving average of $4.19 and a 200 day simple moving average of $4.18. Energy Vault has a fifty-two week low of $0.65 and a fifty-two week high of $6.40. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $21.88 million during the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. Sell-side analysts predict that Energy Vault will post -0.61 earnings per share for the current fiscal year.

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.