Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) was the target of unusually large options trading activity on Thursday. Traders acquired 9,236 call options on the stock. This is an increase of approximately 94% compared to the typical volume of 4,755 call options.
Analyst Ratings Changes
NRGV has been the subject of a number of research analyst reports. Cantor Fitzgerald started coverage on shares of Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and decreased their price target for the company from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.01.
View Our Latest Report on Energy Vault
Insider Transactions at Energy Vault
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Forte Asset Management LLC acquired a new stake in shares of Energy Vault during the 1st quarter valued at $33,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault in the 3rd quarter worth $36,000. XTX Topco Ltd acquired a new position in shares of Energy Vault in the 2nd quarter worth $39,000. Banco BTG Pactual S.A. acquired a new stake in shares of Energy Vault during the third quarter worth $43,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Energy Vault during the first quarter worth $48,000. Institutional investors own 40.03% of the company’s stock.
Energy Vault Price Performance
Shares of NYSE NRGV opened at $2.85 on Friday. Energy Vault has a twelve month low of $1.02 and a twelve month high of $6.64. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 4.94. The firm has a 50-day moving average of $4.16 and a two-hundred day moving average of $4.11. The company has a market capitalization of $507.12 million, a price-to-earnings ratio of -4.01 and a beta of 1.17.
Energy Vault (NYSE:NRGV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $21.88 million during the quarter, compared to analyst estimates of $20.72 million. As a group, analysts expect that Energy Vault will post -0.6 earnings per share for the current fiscal year.
About Energy Vault
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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