Energy Vault (NYSE:NRGV) Trading Up 8.9% – Still a Buy?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price traded up 8.9% during mid-day trading on Monday . The company traded as high as $3.13 and last traded at $3.1050. 890,153 shares changed hands during trading, a decline of 80% from the average daily volume of 4,453,710 shares. The stock had previously closed at $2.85.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NRGV. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Cantor Fitzgerald started 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. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $5.25 to $5.00 in a research report on Wednesday, July 22nd. Finally, Wall Street Zen cut Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.01.

Energy Vault Price Performance

The firm has a market capitalization of $583.77 million, a PE ratio of -4.61 and a beta of 1.21. 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 firm’s fifty day simple moving average is $4.03 and its 200-day simple moving average is $4.06.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The business 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%. On average, research analysts forecast that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NRGV. AQR Capital Management LLC grew its holdings in shares of Energy Vault by 381.1% in the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after purchasing an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 buying an additional 118,641 shares during the period. Goldman Sachs Group Inc. boosted its position in Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after buying an additional 16,101 shares during the period. Jane Street Group LLC grew its stake in Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after acquiring an additional 119,636 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Energy Vault in the 2nd quarter worth about $39,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.