Energy Vault (NYSE:NRGV) Trading 6.1% Higher Following Analyst Upgrade

Energy Vault Holdings, Inc. (NYSE:NRGV) shares rose 6.1% during trading on Thursday after The Goldman Sachs Group raised their price target on the stock from $0.50 to $1.50. The Goldman Sachs Group currently has a sell rating on the stock. Energy Vault traded as high as $3.75 and last traded at $3.55. Approximately 990,157 shares changed hands during trading, a decline of 47% from the average daily volume of 1,873,531 shares. The stock had previously closed at $3.35.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research note on Saturday, September 27th. Two investment 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, the stock currently has a consensus rating of “Hold” and an average price target of $1.67.

Insiders Place Their Bets

In related news, insider Akshay Ladwa sold 75,000 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $3.11, for a total value of $233,250.00. Following the completion of the transaction, the insider directly owned 1,934,582 shares of the company’s stock, valued at approximately $6,016,550.02. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dylan Hixon acquired 20,000 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was bought at an average price of $1.92 per share, with a total value of $38,400.00. Following the purchase, the director directly owned 900,065 shares in the company, valued at approximately $1,728,124.80. This trade represents a 2.27% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 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.

Hedge Funds Weigh In On Energy Vault

Institutional investors have recently made changes to their positions in the stock. Ground Swell Capital LLC bought a new position in Energy Vault during the second quarter valued at $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in Energy Vault during the second quarter worth approximately $36,000. XTX Topco Ltd purchased a new position in Energy Vault in the 2nd quarter valued at $39,000. Tower Research Capital LLC TRC raised its stake in shares of Energy Vault by 570.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock worth $57,000 after buying an additional 67,199 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Energy Vault by 381.1% in the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after buying an additional 83,410 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $564.86 million, a PE ratio of -3.60 and a beta of 0.93. The stock has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $1.30.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%.The business had revenue of $8.51 million during the quarter, compared to analysts’ expectations of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. Equities analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS 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.