Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Rating of “Hold” from Brokerages

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.6725.

A number of brokerages recently weighed in on NRGV. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. The Goldman Sachs Group lifted their price objective on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research report on Wednesday, November 12th. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research note on Tuesday, October 14th.

Insider Activity at Energy Vault

In other Energy Vault news, CEO Robert Piconi acquired 10,000 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of $3.00 per share, with a total value of $30,000.00. Following the completion of the transaction, the chief executive officer directly owned 20,207,242 shares in the company, valued at approximately $60,621,726. This represents a 0.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Thomas Beer sold 50,000 shares of Energy Vault stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the transaction, the chief financial officer owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. This represents a 4.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energy Vault

Large investors have recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in Energy Vault during the 3rd quarter worth approximately $120,000. Nomura Holdings Inc. increased its position in Energy Vault by 27.3% during the 3rd quarter. Nomura Holdings Inc. now owns 83,689 shares of the company’s stock worth $249,000 after buying an additional 17,961 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Energy Vault during the third quarter worth $36,000. Millennium Management LLC boosted its position in shares of Energy Vault by 141.2% in the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after acquiring an additional 3,430,094 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Energy Vault by 26.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,381 shares of the company’s stock valued at $427,000 after acquiring an additional 29,817 shares during the period. Institutional investors own 40.03% of the company’s stock.

Energy Vault Stock Performance

NRGV opened at $4.73 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. The business’s 50-day simple moving average is $3.88 and its 200 day simple moving average is $2.57. The firm has a market capitalization of $794.32 million, a PE ratio of -4.98 and a beta of 0.95. Energy Vault has a 52-week low of $0.60 and a 52-week high of $5.56.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The company had revenue of $33.32 million for the quarter, compared to analyst estimates of $48.99 million. As a group, sell-side analysts expect that Energy Vault will post -0.64 earnings per share for the current fiscal year.

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.