Thomas Ertel Buys 5,450 Shares of Energy Vault (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Thomas Ertel purchased 5,450 shares of the stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $3.37 per share, with a total value of $18,366.50. Following the transaction, the director owned 365,788 shares in the company, valued at $1,232,705.56. This trade represents a 1.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Energy Vault Trading Down 8.7%

Shares of NYSE NRGV opened at $3.05 on Friday. Energy Vault Holdings, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $6.35. The firm has a market capitalization of $511.76 million, a P/E ratio of -3.21 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The company’s 50 day simple moving average is $4.43 and its 200 day simple moving average is $3.68.

Analyst Upgrades and Downgrades

NRGV has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. The Goldman Sachs Group lifted their price objective on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, November 12th. Fundamental Research set a $5.19 price objective on Energy Vault and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.67.

Institutional Investors Weigh In On Energy Vault

Several large investors have recently bought and sold shares of NRGV. Kovack Advisors Inc. bought a new position in shares of Energy Vault during the fourth quarter worth $49,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault in the 3rd quarter valued at $36,000. Platform Technology Partners bought a new stake in shares of Energy Vault in the 3rd quarter valued at $40,000. Twinbeech Capital LP bought a new stake in shares of Energy Vault in the 4th quarter valued at $66,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Energy Vault during the 4th quarter worth $66,000. Institutional investors own 40.03% of the company’s stock.

About Energy Vault

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.