Energy Vault (NYSE:NRGV) Issues Earnings Results

Energy Vault (NYSE:NRGV) posted its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06), Zacks reports. The firm had revenue of $153.31 million during the quarter, compared to analysts’ expectations of $152.57 million. Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%.

Energy Vault Stock Performance

Shares of NRGV stock opened at $3.76 on Wednesday. The stock has a market capitalization of $630.22 million, a price-to-earnings ratio of -4.00 and a beta of 0.98. Energy Vault has a one year low of $0.60 and a one year high of $6.35. The company’s 50-day simple moving average is $4.20 and its 200-day simple moving average is $3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NRGV shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Fundamental Research set a $5.19 target price on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.90.

Insider Activity at Energy Vault

In other news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total value of $16,950,000.00. Following the completion of the sale, the insider directly owned 15,535,631 shares in the company, valued at approximately $87,776,315.15. The trade was a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the sale, the chief financial officer directly owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have acquired 16,950 shares of company stock worth $55,062 in the last 90 days. 19.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energy Vault

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 last quarter. Goldman Sachs Group Inc. boosted its stake in Energy Vault by 4.2% during the 1st 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 period. Jane Street Group LLC boosted its stake in Energy Vault by 613.7% during the 1st 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 in the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.