Key Points
- CEO Robert Piconi bought 7,500 shares on Feb. 26 at an average price of $3.25 for $24,375, raising his stake to 20,090,637 shares (about $65.3M), a 0.04% ownership increase disclosed in an SEC filing.
- NRGV traded at $3.21 (down $0.20) with below-average volume; the company has a market cap of $537.77M, a 50‑day/200‑day SMA of $4.63/$3.61, a one‑year range of $0.60–$6.35, and a negative P/E (-3.39).
- Major institutional investors (Millennium, State Street, Marshall Wace, Legal & General, Invesco) have recently increased positions and institutions own ~40% of the stock, while analyst coverage is mixed with a consensus "Hold" and an average price target of $2.67.
Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CEO Robert Piconi bought 7,500 shares of Energy Vault stock in a transaction that occurred on Thursday, February 26th. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $24,375.00. Following the purchase, the chief executive officer owned 20,090,637 shares of the company's stock, valued at $65,294,570.25. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Energy Vault Price Performance
NYSE NRGV traded down $0.20 during trading hours on Friday, reaching $3.21. 430,048 shares of the stock traded hands, compared to its average volume of 3,462,742. 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 stock has a 50 day simple moving average of $4.63 and a two-hundred day simple moving average of $3.61. Energy Vault Holdings, Inc. has a 1 year low of $0.60 and a 1 year high of $6.35. The company has a market cap of $537.77 million, a price-to-earnings ratio of -3.39 and a beta of 0.91.
Hedge Funds Weigh In On Energy Vault
Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its stake in shares of 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 purchasing an additional 3,430,094 shares during the last quarter. State Street Corp grew its position in shares of Energy Vault by 1,004.0% in the 4th quarter. State Street Corp now owns 5,697,735 shares of the company's stock worth $26,267,000 after buying an additional 5,181,624 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Energy Vault in the 4th quarter worth approximately $18,217,000. Marshall Wace LLP increased its stake in shares of Energy Vault by 132.7% during the fourth 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 during the period. Finally, Invesco Ltd. bought a new position in shares of Energy Vault during the fourth quarter valued at approximately $11,454,000. 40.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on NRGV shares. Fundamental Research set a $5.19 target price on Energy Vault and gave the stock a "buy" rating in a research note on Tuesday, November 18th. Zacks Research downgraded shares of Energy Vault from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 17th. The Goldman Sachs Group raised their price objective on Energy Vault from $1.50 to $2.00 and gave the company a "sell" rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Energy Vault in a research note on Friday, January 9th. Three analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to MarketBeat, Energy Vault has a consensus rating of "Hold" and an average price target of $2.67.
Check Out Our Latest Stock Analysis on NRGV
About Energy Vault
(
Get Free Report)
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.
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