Energy Vault Holdings, Inc. (NYSE:NRGV) Receives Consensus Rating of “Hold” from Analysts

Energy Vault Holdings, Inc. (NYSE:NRGV) has been given an average rating of “Hold” by the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $1.95.

Separately, TD Cowen restated a “buy” rating and issued a $2.50 target price on shares of Energy Vault in a report on Wednesday, November 13th.

Energy Vault Stock Down 6.8 %

Energy Vault stock opened at $1.65 on Wednesday. Energy Vault has a 52 week low of $0.78 and a 52 week high of $2.68. The firm’s 50-day simple moving average is $1.60 and its 200 day simple moving average is $1.24. The firm has a market capitalization of $251.00 million, a PE ratio of -2.54 and a beta of 0.49.

Energy Vault (NYSE:NRGV) last released its earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $1.20 million during the quarter, compared to analysts’ expectations of $4.80 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. During the same quarter last year, the company posted ($0.13) earnings per share. On average, research analysts expect that Energy Vault will post -0.64 EPS for the current fiscal year.

Insider Transactions at Energy Vault

In related news, CEO Robert Piconi acquired 150,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $1.57 per share, for a total transaction of $235,500.00. Following the acquisition, the chief executive officer now directly owns 17,623,361 shares in the company, valued at approximately $27,668,676.77. The trade was a 0.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NRGV. DRW Securities LLC acquired a new stake in Energy Vault during the 3rd quarter worth approximately $31,000. SG Americas Securities LLC increased its position in Energy Vault by 95.5% during the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after purchasing an additional 17,388 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position in Energy Vault by 33.3% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after purchasing an additional 20,000 shares in the last quarter. Barclays PLC increased its position in Energy Vault by 225.2% during the 3rd quarter. Barclays PLC now owns 143,759 shares of the company’s stock worth $137,000 after purchasing an additional 99,550 shares in the last quarter. Finally, Green Alpha Advisors LLC increased its position in Energy Vault by 62.3% during the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after purchasing an additional 60,725 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.