Energy Vault (NYSE:NRGV) Stock Price Down 11.2% – Here’s What Happened

Posted by George Bondi on Jun 5th, 2026

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) fell 11.2% on Friday . The company traded as low as $5.77 and last traded at $5.7630. 786,481 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,067,572 shares. The stock had previously closed at $6.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. The Goldman Sachs Group upped their price target on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Wall Street Zen lowered shares of Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault has an average rating of “Reduce” and a consensus target price of $5.02.

Read Our Latest Report on NRGV

Energy Vault Price Performance

The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $995.50 million, a PE ratio of -7.91 and a beta of 1.15. The company has a 50-day moving average price of $4.37 and a 200-day moving average price of $4.26.

Energy Vault (NYSE:NRGV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%.The company had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $20.72 million. Sell-side analysts forecast that Energy Vault Holdings, Inc. will post -0.61 EPS for the current year.

Insider Activity at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total transaction of $206,700.00. Following the completion of the sale, the chief financial officer directly owned 1,060,945 shares in the company, valued at $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Vault

Several institutional investors and hedge funds have recently modified their holdings of NRGV. Millennium Management LLC boosted its position in Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after acquiring an additional 3,430,094 shares during the last quarter. State Street Corp raised its holdings in Energy Vault by 1,004.0% in the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after acquiring an additional 5,181,624 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Energy Vault during the 4th quarter worth $18,217,000. Marshall Wace LLP boosted its holdings in shares of Energy Vault by 132.7% during the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after purchasing an additional 1,821,462 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Energy Vault during the fourth quarter worth $11,454,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Company Profile

(Get Free Report)

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.