Key Points
- Director Thomas Ertel bought 5,450 shares at an average price of $3.37 on March 4, a $18,366.50 purchase that raised his stake to 365,788 shares (a 1.51% increase) as disclosed in an SEC filing.
- Large institutional accumulation is evident, with State Street Corp increasing its stake by 1,004% (adding 5,181,624 shares) and overall institutional ownership at about 40.03%.
- The stock traded down to $3.23 (down ~3.3%) amid mixed analyst views—three Buy and three Sell ratings—with a consensus rating of Hold and a consensus price target of $2.67.
Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Thomas Ertel acquired 5,450 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $3.37 per share, for a total transaction of $18,366.50. Following the completion of the acquisition, the director directly owned 365,788 shares of the company's stock, valued at $1,232,705.56. The trade was a 1.51% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Energy Vault Trading Down 3.3%
Energy Vault stock traded down $0.11 during mid-day trading on Friday, hitting $3.23. The company's stock had a trading volume of 1,047,498 shares, compared to its average volume of 3,500,535. Energy Vault Holdings, Inc. has a 1 year low of $0.60 and a 1 year high of $6.35. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $541.96 million, a PE ratio of -3.40 and a beta of 0.98. The stock's fifty day moving average is $4.47 and its two-hundred day moving average is $3.67.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in NRGV. State Street Corp increased its holdings 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 valued at $26,267,000 after acquiring an additional 5,181,624 shares during the last quarter. Legal & General Group Plc acquired a new stake in Energy Vault during the fourth quarter worth approximately $18,217,000. Millennium Management LLC lifted its position in shares of Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company's stock worth $17,400,000 after buying an additional 3,430,094 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Energy Vault in the 4th quarter valued at $11,454,000. Finally, Marshall Wace LLP raised its stake in Energy Vault by 132.7% during the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company's stock worth $14,725,000 after acquiring an additional 1,821,462 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Fundamental Research set a $5.19 target price on shares of Energy Vault and gave the company a "buy" rating in a research report on Tuesday, November 18th. Weiss Ratings restated a "sell (e+)" rating on shares of Energy Vault in a report on Friday, January 9th. Zacks Research downgraded shares of Energy Vault from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group upped their price target on Energy Vault from $1.50 to $2.00 and gave the stock a "sell" rating in a research note on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Energy Vault presently has a consensus rating of "Hold" and a consensus price target of $2.67.
View Our Latest Analysis on Energy Vault
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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