Energy Vault (NYSE:NRGV) Trading 13.2% Higher – Here’s Why

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) were up 13.2% during trading on Monday . The stock traded as high as $5.09 and last traded at $5.1280. Approximately 3,082,040 shares changed hands during trading, a decline of 18% from the average daily volume of 3,773,309 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NRGV shares. Fundamental Research set a $6.05 target price on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group raised their price target 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. Zacks Research cut Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Cantor Fitzgerald began coverage on Energy Vault in a research report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.02.

Energy Vault Stock Performance

The business’s fifty day moving average price is $3.57 and its 200-day moving average price is $3.99. The stock has a market cap of $866.80 million, a PE ratio of -7.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share 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 company had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $20.72 million. As a group, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $3.18, for a total transaction of $206,700.00. Following the transaction, the chief financial officer directly owned 1,060,945 shares of the company’s stock, valued at $3,373,805.10. This represents a 5.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 16,950 shares of company stock worth $55,062. 17.20% of the stock is owned by corporate insiders.

Institutional Trading of Energy Vault

A number of hedge funds have recently bought and sold shares of NRGV. Creative Planning boosted its position in Energy Vault by 3.7% in the third quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after purchasing an additional 3,690 shares during the last quarter. Osaic Holdings Inc. raised its stake in Energy Vault by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after acquiring an additional 4,897 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Energy Vault by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after purchasing an additional 7,742 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock valued at $96,000 after purchasing an additional 8,570 shares in the last quarter. Finally, Forte Asset Management LLC bought a new position in Energy Vault in the 1st quarter worth $33,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.