Key Points
- Vision Fund (SoftBank) sold 3,000,000 shares of Energy Vault (NRGV) on Jan. 15 at an average price of $5.65 for about $16.95M, cutting its stake by 16.19% to 15,535,631 shares.
- Recent quarter missed estimates: Energy Vault reported EPS of ($0.16) vs. consensus ($0.10) and revenue of $33.32M vs. $48.99M, leaving the company with negative margins and a steep negative return on equity.
- Analysts are mixed with an average rating of "Hold" and a $2.67 average price target; the stock trades near $5.71 with a market cap around $957M and a 12‑month range of $0.60–$6.35.
Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the firm's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total value of $16,950,000.00. Following the completion of the sale, the insider directly owned 15,535,631 shares of the company's stock, valued at $87,776,315.15. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Energy Vault Trading Down 0.3%
Shares of NRGV stock opened at $5.71 on Wednesday. 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 Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $6.35. The company's 50-day moving average price is $4.47 and its 200-day moving average price is $3.05. The stock has a market cap of $957.24 million, a price-to-earnings ratio of -6.01 and a beta of 0.91.
Energy Vault (NYSE:NRGV - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.06). The firm had revenue of $33.32 million for the quarter, compared to analysts' expectations of $48.99 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%. As a group, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.
Hedge Funds Weigh In On Energy Vault
Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company's stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the last quarter. Jane Street Group LLC raised its stake in Energy Vault by 579.7% in the second quarter. Jane Street Group LLC now owns 945,705 shares of the company's stock valued at $678,000 after buying an additional 806,576 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Energy Vault by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company's stock worth $5,416,000 after buying an additional 308,509 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Energy Vault during the 2nd quarter worth about $206,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Energy Vault in the 2nd quarter valued at about $156,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on NRGV. Zacks Research upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Fundamental Research set a $5.19 price target on Energy Vault and gave the stock a "buy" rating in a report on Tuesday, November 18th. Weiss Ratings reissued a "sell (e+)" rating on shares of Energy Vault in a research report on Friday, January 9th. Finally, The Goldman Sachs Group upped their target price on shares of Energy Vault from $1.50 to $2.00 and gave the company a "sell" rating in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $2.67.
View Our Latest Report on NRGV
About Energy Vault
(
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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