Key Points
- CFO Michael Thomas Beer sold 65,000 shares on April 6 at $3.18 for $206,700, reducing his stake by 5.77% to 1,060,945 shares (valued at ~ $3.37M); the sale was disclosed in an SEC filing.
- Energy Vault missed EPS expectations, reporting $(0.13) per share versus consensus $(0.07) while posting $153.31M in revenue; the company reported a negative net margin (~50.9%), negative ROE (~106.7%), and analysts forecast -0.64 EPS for the year.
- Market sentiment is broadly cautious: consensus rating is "Reduce" with a $4.03 price target, one Buy vs. three Sell ratings, a market cap of ~$549.2M, a 1‑year range of $0.60–$6.35, and roughly 40% institutional ownership.
Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares of the company's stock, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Energy Vault Price Performance
NRGV opened at $3.18 on Thursday. The stock has a market cap of $549.21 million, a price-to-earnings ratio of -4.88 and a beta of 0.90. Energy Vault Holdings, Inc. has a 1 year low of $0.60 and a 1 year high of $6.35. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average price of $3.51 and a 200 day moving average price of $3.91.
Energy Vault (NYSE:NRGV - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The firm had revenue of $153.31 million for the quarter, compared to analyst estimates of $152.57 million. Energy Vault had a negative net margin of 50.87% and a negative return on equity of 106.69%. Analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.
Analyst Ratings Changes
NRGV has been the subject of a number of research reports. Zacks Research cut Energy Vault from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. The Goldman Sachs Group lifted their price objective on Energy Vault from $1.75 to $2.00 and gave the company a "sell" rating in a research report on Thursday, March 19th. Weiss Ratings reissued a "sell (e+)" rating on shares of Energy Vault in a research report on Friday, January 9th. Finally, Fundamental Research set a $6.05 price target on Energy Vault and gave the stock a "buy" rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Energy Vault has a consensus rating of "Reduce" and a consensus price target of $4.03.
Read Our Latest Report on NRGV
Institutional Trading of Energy Vault
Institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of Energy Vault in the fourth quarter worth about $18,217,000. Covestor Ltd lifted its position in shares of Energy Vault by 140.0% in the fourth quarter. Covestor Ltd now owns 49,327 shares of the company's stock worth $227,000 after buying an additional 28,773 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Energy Vault in the fourth quarter worth about $238,000. Abacus Wealth Partners LLC bought a new position in shares of Energy Vault in the fourth quarter worth about $461,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Energy Vault in the fourth quarter worth about $81,000. Institutional investors and hedge funds own 40.03% of the company's stock.
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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