Energy Vault (NYSE:NRGV) Stock Price Up 13.2% – Still a Buy?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) rose 13.2% during mid-day trading on Monday . The stock traded as high as $5.09 and last traded at $5.1280. Approximately 3,082,040 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 3,773,309 shares. The stock had previously closed at $4.53.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Fundamental Research set a $6.05 price objective on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, March 24th. Cantor Fitzgerald assumed coverage on Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price on the stock. The Goldman Sachs Group boosted their price objective on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Thursday, March 19th. Finally, Zacks Research cut Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $5.02.

Energy Vault Stock Performance

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $3.57 and a 200-day moving average price of $3.99. The stock has a market capitalization of $866.80 million, a PE ratio of -7.06 and a beta of 1.14.

Energy Vault (NYSE:NRGV) last issued its 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). Energy Vault had a negative return on equity of 144.72% and a negative net margin of 52.97%.The company had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $20.72 million. Research analysts expect that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Insider Activity

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the firm’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 value of $206,700.00. Following the transaction, the chief financial officer directly owned 1,060,945 shares of the company’s stock, valued at $3,373,805.10. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 16,950 shares of company stock worth $55,062 over the last ninety days. 17.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energy Vault

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank purchased a new position in Energy Vault during the 1st quarter valued at about $581,000. Calamos Advisors LLC acquired a new stake in shares of Energy Vault in the 1st quarter valued at $48,000. Forte Asset Management LLC purchased a new stake in Energy Vault during the 1st quarter worth about $33,000. Miller Howard Investments Inc. NY purchased a new stake in Energy Vault during the first quarter worth approximately $51,000. Finally, SG Americas Securities LLC acquired a new position in shares of Energy Vault in the 1st quarter valued at $64,000. 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.