Energy Vault (NYSE:NRGV) Trading 8.9% Higher – Still a Buy?

Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) were up 8.9% during trading on Tuesday . The company traded as high as $3.59 and last traded at $3.6370. Approximately 601,934 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,568,258 shares. The stock had previously closed at $3.34.

Analyst Ratings Changes

Several research analysts have commented on NRGV shares. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and lowered their target price for the company from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Cantor Fitzgerald assumed coverage on Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.01.

Energy Vault Stock Up 9.1%

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 stock has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $3.98. The firm has a market cap of $649.72 million, a PE ratio of -5.12 and a beta of 1.21.

Insider Transactions at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NRGV. AQR Capital Management LLC lifted its holdings in shares of Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after purchasing an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Energy Vault by 201.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after buying an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after buying an additional 16,101 shares during the last quarter. Jane Street Group LLC raised its position in Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after buying an additional 119,636 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Energy Vault during the 2nd quarter valued at about $39,000. 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.