Energy Vault (NYSE:NRGV) Shares Down 7.7% - Here's Why

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Energy Vault (NYSE:NRGV) shares dropped 7.7% on Friday following an earnings miss, weak fundamentals, and multiple analyst downgrades. The company reported an EPS of ($0.13) against an expected ($0.07), with negative ROE and net margin, and low liquidity ratios. Despite some institutional buying, significant insider selling, including by the CFO and SoftBank’s Vision Fund, contributed to the stock’s downturn, pushing its consensus rating to “Reduce” with a $3.60 target price.

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