Energy Vault (NYSE:NRGV) Given a $6.05 Price Target at Fundamental Research

Fundamental Research set a $6.05 target price on Energy Vault (NYSE:NRGV) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. The Goldman Sachs Group increased their price target on shares of Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Energy Vault presently has a consensus rating of “Reduce” and a consensus target price of $4.03.

Energy Vault Trading Up 7.4%

NRGV opened at $3.69 on Tuesday. The stock has a market cap of $618.31 million, a PE ratio of -5.67 and a beta of 0.98. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $4.02 and a 200-day moving average of $3.84. Energy Vault has a 52 week low of $0.60 and a 52 week high of $6.35.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $153.31 million during the quarter, compared to analysts’ expectations of $152.57 million. Energy Vault had a negative return on equity of 106.69% and a negative net margin of 50.87%. Equities research analysts predict that Energy Vault will post -0.64 earnings per share for the current fiscal year.

Insider Transactions at Energy Vault

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total value of $16,950,000.00. Following the sale, the insider directly owned 15,535,631 shares of the company’s stock, valued at approximately $87,776,315.15. The trade was a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired a total of 16,950 shares of company stock worth $55,062 in the last three months. 19.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energy Vault

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning boosted its stake in Energy Vault by 3.7% in the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after purchasing an additional 3,690 shares in the last quarter. Osaic Holdings Inc. increased its stake in Energy Vault by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after purchasing an additional 4,897 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Energy Vault by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after purchasing an additional 7,742 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Energy Vault by 70.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after buying an additional 8,570 shares during the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Energy Vault in the fourth quarter worth about $49,000. 40.03% of the stock is currently owned by 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.