Key Points
- CFO sold 50,000 shares: Energy Vault CFO Michael Thomas Beer sold 50,000 shares on Dec. 23 at an average price of $4.91 for $245,500, lowering his stake by 4.16% to 1,150,522 shares, per an SEC filing.
- Weak recent results: The company reported quarterly EPS of ($0.16), missing estimates and generating $33.3M in revenue versus $49.0M expected, while showing negative ROE and net margins even as the stock trades near its 1‑year high and a market cap of ~$851.5M.
- Mixed investor sentiment: Institutional ownership is about 40% with notable increases from firms like Millennium and Vanguard, and analysts are split (three Buy, three Sell) with an average "Hold" rating and a $2.67 price target.
Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CFO Michael Thomas Beer sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total value of $245,500.00. Following the completion of the sale, the chief financial officer owned 1,150,522 shares of the company's stock, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Energy Vault Stock Performance
NYSE:NRGV opened at $5.08 on Wednesday. The firm has a market capitalization of $851.53 million, a PE ratio of -5.34 and a beta of 0.95. The firm's fifty day simple moving average is $3.78 and its 200 day simple moving average is $2.43. Energy Vault Holdings, Inc. has a 1 year low of $0.60 and a 1 year high of $5.56. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.
Energy Vault (NYSE:NRGV - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.06). The business had revenue of $33.32 million during the quarter, compared to the consensus estimate of $48.99 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%. On average, sell-side analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Millennium Management LLC boosted its holdings in shares of Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company's stock worth $17,400,000 after acquiring an additional 3,430,094 shares in the last quarter. Vanguard Group Inc. raised its position in Energy Vault by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company's stock valued at $5,416,000 after purchasing an additional 308,509 shares during the last quarter. Jane Street Group LLC raised its position in Energy Vault by 579.7% in the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company's stock valued at $678,000 after purchasing an additional 806,576 shares during the last quarter. Private Capital Advisors Inc. boosted its stake in Energy Vault by 41.0% in the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company's stock worth $493,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock worth $277,000 after purchasing an additional 16,101 shares during the last quarter. Institutional investors own 40.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Zacks Research cut Energy Vault from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 15th. The Goldman Sachs Group increased their target price on Energy Vault from $1.50 to $2.00 and gave the stock a "sell" rating in a report on Wednesday, November 12th. Fundamental Research set a $5.19 price target on Energy Vault and gave the company a "buy" rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Energy Vault in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2.67.
Read Our Latest Stock Analysis on NRGV
Energy Vault Company Profile
(
Get Free Report)
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.
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