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

Energy Vault Holdings, Inc. (NYSE:NRGV) has received an average recommendation of “Reduce” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.0750.

A number of brokerages recently issued reports on NRGV. 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 price target for the company. The Goldman Sachs Group lifted their price target 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. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, March 24th. Cantor Fitzgerald started coverage on shares of Energy Vault in a report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th.

Insider Buying and Selling

In other Energy Vault 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Forte Asset Management LLC purchased a new stake in shares of Energy Vault in the first quarter worth $33,000. Mercer Global Advisors Inc. ADV purchased a new position in Energy Vault during the third quarter valued at $36,000. XTX Topco Ltd purchased a new position in Energy Vault during the second quarter valued at $39,000. Banco BTG Pactual S.A. purchased a new position in Energy Vault during the third quarter valued at $43,000. Finally, Calamos Advisors LLC purchased a new position in Energy Vault during the first quarter valued at $48,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Energy Vault Price Performance

Shares of Energy Vault stock opened at $4.25 on Wednesday. The company’s fifty day simple moving average is $4.67 and its two-hundred day simple moving average is $4.37. The firm has a market cap of $757.55 million, a PE ratio of -5.99 and a beta of 1.15. 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 has a 12-month low of $0.65 and a 12-month high of $6.64.

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

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.