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

Energy Vault Holdings, Inc. (NYSE:NRGV) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $2.25.

Separately, Roth Mkm reduced their target price on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Energy Vault Trading Up 25.2 %

Shares of NRGV stock opened at $1.89 on Tuesday. Energy Vault has a twelve month low of $0.78 and a twelve month high of $3.22. The stock has a market cap of $284.41 million, a price-to-earnings ratio of -3.15 and a beta of 0.65. The company’s 50-day moving average price is $0.98 and its 200-day moving average price is $1.10.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $3.77 million during the quarter, compared to analysts’ expectations of $16.65 million. Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. During the same period last year, the company earned ($0.18) EPS. As a group, equities research analysts predict that Energy Vault will post -0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake 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 acquiring an additional 17,388 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Energy Vault by 33.3% during the second 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. Jacobs Levy Equity Management Inc. purchased a new position in shares of Energy Vault in the first quarter valued at approximately $91,000. Green Alpha Advisors LLC grew its holdings in shares of Energy Vault by 62.3% in the third quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock valued at $152,000 after purchasing an additional 60,725 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Energy Vault by 684.0% during the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after buying an additional 150,948 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Company Profile

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.