Energy Vault (NYSE:NRGV) Shares Gap Up on Analyst Upgrade

Energy Vault Holdings, Inc. (NYSE:NRGV) gapped up before the market opened on Wednesday after Citigroup upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $3.48, but opened at $3.77. Citigroup now has a $5.00 price target on the stock, down from their previous price target of $5.25. Energy Vault shares last traded at $3.5580, with a volume of 1,029,521 shares changing hands.

NRGV has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Fundamental Research set a $6.05 price target on Energy Vault and gave the stock a “buy” rating in a report on Tuesday, March 24th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Cantor Fitzgerald assumed coverage on Energy Vault in a report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price on the stock. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.01.

Insider Buying and Selling at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Vault

Several institutional investors have recently bought and sold shares of NRGV. AQR Capital Management LLC lifted its position in shares of Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after buying an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Energy Vault by 201.9% in the first 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 last quarter. Goldman Sachs Group Inc. lifted its stake in Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after purchasing an additional 16,101 shares during the last quarter. Jane Street Group LLC grew its holdings in Energy Vault by 613.7% during the first quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock valued at $97,000 after purchasing an additional 119,636 shares during the period. Finally, XTX Topco Ltd bought a new position in Energy Vault during the second quarter valued at $39,000. Institutional investors own 40.03% of the company’s stock.

Energy Vault Stock Down 2.8%

The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. The stock has a 50-day simple moving average of $4.39 and a 200-day simple moving average of $4.20. The firm has a market capitalization of $580.20 million, a PE ratio of -4.58 and a beta of 1.17.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The firm had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. Analysts forecast that Energy Vault Holdings, Inc. will post -0.61 EPS for the current 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.