Energy Vault (NYSE:NRGV) Rating Increased to Hold at Zacks Research

Energy Vault (NYSE:NRGVGet Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group increased their target price on Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a report on Thursday, March 19th. Citigroup started coverage on shares of Energy Vault in a research note on Thursday, June 11th. They issued a “neutral” rating and a $5.25 price objective on the stock. Cantor Fitzgerald began coverage on shares of Energy Vault in a report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price on the stock. Wall Street Zen cut shares of Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.08.

Read Our Latest Stock Report on NRGV

Energy Vault Stock Performance

Shares of NRGV opened at $3.81 on Monday. Energy Vault has a one year low of $0.75 and a one year high of $6.64. The company has a market cap of $678.24 million, a PE ratio of -5.36 and a beta of 1.17. The stock has a 50-day moving average of $4.75 and a 200-day moving average of $4.33. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44.

Energy Vault (NYSE:NRGVGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share 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 firm had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. On average, equities research analysts predict that Energy Vault will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Forte Asset Management LLC purchased a new stake in Energy Vault in the 1st quarter valued at about $33,000. Kovack Advisors Inc. purchased a new position in shares of Energy Vault in the 4th quarter worth approximately $49,000. Hsbc Holdings PLC bought a new position in shares of Energy Vault in the fourth quarter valued at approximately $53,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Energy Vault in the third quarter valued at approximately $36,000. Finally, Twinbeech Capital LP purchased a new stake in shares of Energy Vault during the fourth quarter valued at approximately $66,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Energy Vault (NYSE:NRGV)

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