Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Average Recommendation of “Hold” from Analysts

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) have been given a consensus rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $2.6725.

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. The Goldman Sachs Group boosted their target price on 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 target on Energy Vault and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th.

Energy Vault Stock Down 2.7%

Shares of NRGV opened at $3.07 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $4.85 and a 200 day moving average of $3.54. The company has a market cap of $514.28 million, a PE ratio of -3.23 and a beta of 0.91. Energy Vault has a 52-week low of $0.60 and a 52-week high of $6.35.

Insiders Place Their Bets

In other Energy Vault news, CFO Michael Thomas Beer sold 50,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $4.91, for a total value of $245,500.00. Following the completion of the sale, the chief financial officer directly owned 1,150,522 shares of the company’s stock, valued at $5,649,063.02. The trade was a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the sale, the insider directly owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. This represents a 16.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 15.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kovack Advisors Inc. bought a new stake in Energy Vault during the 4th quarter valued at $49,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Energy Vault in the third quarter valued at about $36,000. Platform Technology Partners bought a new stake in shares of Energy Vault in the third quarter valued at about $40,000. Twinbeech Capital LP purchased a new stake in Energy Vault in the fourth quarter worth about $66,000. Finally, Daiwa Securities Group Inc. bought a new position in Energy Vault during the 4th quarter worth about $66,000. Institutional investors own 40.03% of the company’s stock.

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.