Shares of Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) have earned an average rating of “Reduce” from the five analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.0167.
Several research analysts have commented on the stock. Cantor Fitzgerald assumed coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective for the company. Fundamental Research set a $6.05 price objective on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, March 24th. The Goldman Sachs Group boosted their price objective on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Thursday, March 19th. Finally, Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th.
Read Our Latest Research Report on NRGV
Energy Vault Stock Up 10.6%
Energy Vault (NYSE:NRGV – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Energy Vault had a negative net margin of 52.97% and a negative return on equity of 144.72%. The firm had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. Research analysts forecast that Energy Vault will post -0.56 EPS for the current fiscal year.
Insider Buying and Selling at Energy Vault
In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.18, for a total transaction of $206,700.00. Following the sale, the chief financial officer owned 1,060,945 shares of the company’s stock, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 16,950 shares of company stock worth $55,062 over the last quarter. Insiders own 17.20% of the company’s stock.
Institutional Trading of Energy Vault
Hedge funds and other institutional investors have recently modified their holdings of the stock. Forte Asset Management LLC bought a new stake in shares of Energy Vault during the first quarter worth $33,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Energy Vault during the third quarter worth $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault during the second quarter worth $39,000. Platform Technology Partners bought a new stake in shares of Energy Vault during the third quarter worth $40,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Energy Vault during the third quarter worth $43,000. Institutional investors own 40.03% of the company’s stock.
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.
Read More
- Five stocks we like better than Energy Vault
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for Energy Vault Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Vault and related companies with MarketBeat.com's FREE daily email newsletter.
