Energy Vault (NYSE:NRGV) Director Stephanie Unwin Sells 115,000 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Stephanie Unwin sold 115,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total value of $426,650.00. Following the completion of the transaction, the director owned 182,245 shares of the company’s stock, valued at $676,128.95. The trade was a 38.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Energy Vault Trading Down 4.3%

NYSE NRGV opened at $3.59 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a twelve month low of $1.73 and a twelve month high of $6.64. The company has a market cap of $652.81 million, a price-to-earnings ratio of -5.44 and a beta of 1.21. The business’s fifty day moving average is $3.58 and its 200 day moving average is $3.87.

Energy Vault (NYSE:NRGV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The firm had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. As a group, sell-side analysts expect that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Energy Vault

A number of hedge funds have recently added to or reduced their stakes in NRGV. Creative Planning boosted its holdings in shares of Energy Vault by 3.7% during the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after buying an additional 3,690 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Energy Vault by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after buying an additional 4,897 shares during the period. Bank of Nova Scotia increased its stake in shares of Energy Vault by 19.9% in the 1st quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock valued at $137,000 after acquiring an additional 6,900 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Energy Vault by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after acquiring an additional 7,742 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Energy Vault by 70.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock valued at $96,000 after acquiring an additional 8,570 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NRGV shares. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Citigroup upped their price objective on shares of Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Fundamental Research set a $8.03 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Energy Vault currently has an average rating of “Hold” and a consensus target price of $6.01.

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.