Monashee Investment Management LLC Invests $582,000 in Energy Vault Holdings, Inc. $NRGV

Monashee Investment Management LLC bought a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) during the 1st quarter, Holdings Channel reports. The institutional investor bought 176,453 shares of the company’s stock, valued at approximately $582,000.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Energy Vault by 1,004.0% during the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after purchasing an additional 5,181,624 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Energy Vault in the 4th quarter worth approximately $18,217,000. Millennium Management LLC raised its position in Energy Vault by 141.2% in the third quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after acquiring an additional 3,430,094 shares during the period. Invesco Ltd. bought a new position in Energy Vault in the 4th quarter worth $11,454,000. Finally, Marshall Wace LLP lifted its position in shares of Energy Vault by 132.7% during the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock valued at $14,725,000 after buying an additional 1,821,462 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NRGV. Citigroup raised shares of Energy Vault from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $5.25 to $5.00 in a report on Wednesday. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research note on Wednesday, May 27th. Finally, Cantor Fitzgerald initiated coverage on shares of Energy Vault in a report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.01.

Energy Vault Stock Down 3.9%

Shares of Energy Vault stock opened at $3.35 on Thursday. The firm’s 50 day moving average price is $4.45 and its 200-day moving average price is $4.21. The company has a market cap of $596.25 million, a P/E ratio of -4.71 and a beta of 1.17. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. Energy Vault Holdings, Inc. has a 52-week low of $1.02 and a 52-week high of $6.64.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The business had revenue of $21.88 million during the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%. On average, sell-side analysts predict that Energy Vault Holdings, Inc. will post -0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. The trade was a 5.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 17.20% of the company’s stock.

Energy Vault Company Profile

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.