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

Energy Vault Holdings, Inc. (NYSE:NRGV) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have given 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.

Several equities research analysts have commented on NRGV shares. Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Fundamental Research set a $5.19 price target on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th.

Insider Activity

In other Energy Vault news, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 15,535,631 shares in the company, valued at $87,776,315.15. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael Thomas Beer sold 50,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have acquired 16,950 shares of company stock worth $55,062. Insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after acquiring an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after purchasing an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after purchasing an additional 16,101 shares during the period. Jane Street Group LLC boosted its stake in Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after purchasing an additional 119,636 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new position in Energy Vault during the 2nd quarter valued at about $36,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Stock Performance

Shares of NRGV stock opened at $3.31 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The firm has a 50-day moving average of $4.28 and a 200-day moving average of $3.76. Energy Vault has a one year low of $0.60 and a one year high of $6.35. The company has a market cap of $554.55 million, a P/E ratio of -3.48 and a beta of 0.98.

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.