Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $1.95.
Separately, TD Cowen reaffirmed a “buy” rating and set a $2.50 target price on shares of Energy Vault in a research report on Wednesday, November 13th.
Check Out Our Latest Research Report on NRGV
Insider Activity at Energy Vault
Hedge Funds Weigh In On Energy Vault
Large investors have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new position in shares of Energy Vault in the 3rd quarter worth approximately $31,000. SG Americas Securities LLC grew its holdings in Energy Vault by 95.5% in the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after purchasing an additional 17,388 shares during the last quarter. Mesirow Financial Investment Management Inc. increased 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. Barclays PLC lifted its holdings in shares of Energy Vault by 225.2% during the 3rd quarter. Barclays PLC now owns 143,759 shares of the company’s stock valued at $137,000 after purchasing an additional 99,550 shares during the last quarter. Finally, Green Alpha Advisors LLC boosted its position in shares of Energy Vault by 62.3% in the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after purchasing an additional 60,725 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.
Energy Vault Trading Down 11.9 %
NYSE NRGV opened at $1.93 on Friday. Energy Vault has a 12 month low of $0.78 and a 12 month high of $2.69. The company’s 50-day moving average price is $1.91 and its 200-day moving average price is $1.38. The stock has a market cap of $293.59 million, a PE ratio of -2.97 and a beta of 0.44.
Energy Vault (NYSE:NRGV – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The company had revenue of $1.20 million for the quarter, compared to analysts’ expectations of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same period last year, the business posted ($0.13) earnings per share. As a group, sell-side analysts forecast that Energy Vault will post -0.64 earnings per share for the current year.
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.
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