Energy Vault Sees Unusually Large Options Volume (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of some unusual options trading on Tuesday. Stock investors bought 9,271 call options on the company. This represents an increase of approximately 360% compared to the typical daily volume of 2,016 call options.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NRGV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Saturday, September 27th. The Goldman Sachs Group upped their price objective on Energy Vault from $0.50 to $1.50 and gave the stock a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Energy Vault presently has an average rating of “Hold” and a consensus target price of $1.67.

Insider Transactions at Energy Vault

In related news, CFO Michael Thomas Beer sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $2.17, for a total value of $108,500.00. Following the sale, the chief financial officer owned 1,216,103 shares in the company, valued at $2,638,943.51. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dylan Hixon bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $1.92 per share, for a total transaction of $38,400.00. Following the transaction, the director owned 900,065 shares of the company’s stock, valued at $1,728,124.80. The trade was a 2.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 132,400 shares of company stock worth $288,130 and have sold 266,024 shares worth $637,479. Insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ground Swell Capital LLC acquired a new stake in shares of Energy Vault in the 2nd quarter worth $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Energy Vault in the 2nd quarter worth $36,000. XTX Topco Ltd acquired a new stake in shares of Energy Vault in the 2nd quarter worth $39,000. Squarepoint Ops LLC acquired a new stake in shares of Energy Vault in the 4th quarter worth $50,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Energy Vault by 570.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock worth $57,000 after acquiring an additional 67,199 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Trading Up 1.5%

Shares of NYSE:NRGV opened at $3.36 on Thursday. Energy Vault has a 1 year low of $0.60 and a 1 year high of $3.79. The firm has a market capitalization of $543.82 million, a price-to-earnings ratio of -3.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66. The business’s 50 day moving average price is $2.14 and its 200-day moving average price is $1.29.

Energy Vault (NYSE:NRGV) last announced its earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The business had revenue of $8.51 million for the quarter, compared to analysts’ expectations of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Energy Vault will post -0.64 earnings per share for the current fiscal year.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.