Energy Vault (NYSE:NRGV) Trading Down 6.5% – Here’s Why

Energy Vault Holdings, Inc. (NYSE:NRGV) fell 6.5% during trading on Friday . The stock traded as low as $4.89 and last traded at $4.7850. 2,900,178 shares were traded during mid-day trading, an increase of 34% from the average session volume of 2,164,075 shares. The stock had previously closed at $5.12.

Wall Street Analysts Forecast Growth

NRGV has been the subject of several analyst reports. Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research note on Tuesday, October 14th. Finally, The Goldman Sachs Group upped their target price on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Energy Vault presently has an average rating of “Hold” and an average target price of $2.67.

Energy Vault Stock Down 6.5%

The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $802.88 million, a PE ratio of -5.04 and a beta of 0.95. The company’s 50 day moving average is $3.72 and its two-hundred day moving average is $2.32.

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

Insider Buying and Selling

In other Energy Vault news, CEO Robert Piconi purchased 10,000 shares of Energy Vault stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $3.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the chief executive officer owned 20,207,242 shares of the company’s stock, valued at approximately $60,621,726. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Akshay Ladwa sold 75,000 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $3.11, for a total transaction of $233,250.00. Following the transaction, the insider owned 1,934,582 shares of the company’s stock, valued at $6,016,550.02. This trade represents a 3.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

Large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new stake in shares of Energy Vault in the 3rd quarter valued at approximately $120,000. Nomura Holdings Inc. lifted its position in Energy Vault by 27.3% in the third quarter. Nomura Holdings Inc. now owns 83,689 shares of the company’s stock worth $249,000 after buying an additional 17,961 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Energy Vault during the third quarter worth $36,000. Millennium Management LLC increased its position in Energy Vault by 141.2% during the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after acquiring an additional 3,430,094 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Energy Vault by 26.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,381 shares of the company’s stock valued at $427,000 after acquiring an additional 29,817 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

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.