Energy Vault (NYSE:NRGV) Trading Down 14.7% – What’s Next?

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price fell 14.7% during trading on Wednesday . The stock traded as low as $4.57 and last traded at $4.3850. 805,006 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 2,669,247 shares. The stock had previously closed at $5.14.

Analyst Upgrades and Downgrades

NRGV has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. The Goldman Sachs Group increased their price objective on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, November 12th. Finally, Fundamental Research set a $5.19 target price on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.67.

Energy Vault Stock Performance

The firm’s 50-day moving average price is $4.89 and its 200-day moving average price is $3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The stock has a market cap of $751.70 million, a P/E ratio of -4.72 and a beta of 0.91.

Energy Vault (NYSE:NRGV) last posted its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.06). The company had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $48.99 million. Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. Sell-side analysts expect that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Energy Vault news, CEO Robert Piconi purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $3.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the chief executive officer directly owned 20,207,242 shares in the company, valued at $60,621,726. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the completion of the transaction, the insider directly owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. The trade was a 16.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energy Vault

Large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after buying an additional 3,430,094 shares during the period. UBS Group AG lifted its holdings in shares of Energy Vault by 940.1% in the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after acquiring an additional 1,392,923 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Energy Vault by 579.7% during the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock worth $678,000 after purchasing an additional 806,576 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Energy Vault during the 4th quarter valued at about $1,805,000. Finally, RFG Advisory LLC purchased a new stake in Energy Vault in the 4th quarter worth about $1,560,000. 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.