Key Points
- Energy Vault CFO Michael Thomas Beer sold 65,000 shares on July 6 at an average price of $4.08, generating about $265,200. After the sale, he still held 1,021,806 shares, a 5.98% reduction in his stake.
- The company’s latest quarterly results showed an EPS miss, reporting a loss of $0.20 per share versus expectations of a $0.15 loss, though revenue of $21.88 million came in above estimates.
- Analyst sentiment is mixed but leans cautious: Energy Vault has a consensus Hold rating with a price target of $5.08, while recent ratings included both buy and sell calls.
Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CFO Michael Thomas Beer sold 65,000 shares of the company's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer directly owned 1,021,806 shares in the company, valued at $4,168,968.48. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Energy Vault Price Performance
Energy Vault stock opened at $3.56 on Thursday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. Energy Vault Holdings, Inc. has a one year low of $0.75 and a one year high of $6.64. The company has a market cap of $634.57 million, a P/E ratio of -5.01 and a beta of 1.17. The business has a fifty day moving average of $4.73 and a two-hundred day moving average of $4.32.
Energy Vault (NYSE:NRGV - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.05). Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. The company had revenue of $21.88 million during the quarter, compared to analysts' expectations of $20.72 million. As a group, analysts predict that Energy Vault Holdings, Inc. will post -0.61 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on NRGV shares. Wall Street Zen downgraded shares of Energy Vault from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. Fundamental Research set a $6.05 price target on Energy Vault and gave the stock a "buy" rating in a report on Tuesday, March 24th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Energy Vault in a research note on Wednesday, May 27th. Citigroup assumed coverage on Energy Vault in a report on Thursday, June 11th. They set a "neutral" rating and a $5.25 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on Energy Vault from $1.75 to $2.00 and gave the stock a "sell" rating in a research report on Thursday, March 19th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.08.
Check Out Our Latest Research Report on Energy Vault
Institutional Trading of Energy Vault
Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its stake 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 in the last quarter. State Street Corp lifted its stake in Energy Vault by 1,004.0% in the 4th quarter. State Street Corp now owns 5,697,735 shares of the company's stock valued at $26,267,000 after buying an additional 5,181,624 shares in the last quarter. Legal & General Group Plc acquired a new stake in Energy Vault during the 4th quarter valued at $18,217,000. Marshall Wace LLP grew its holdings in Energy Vault by 132.7% during the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company's stock valued at $14,725,000 after buying an additional 1,821,462 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in Energy Vault during the fourth quarter worth $11,454,000. Hedge funds and other institutional investors 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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