Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Stake in Energy Vault Holdings, Inc. $NRGV

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 573,957 shares of the company’s stock, valued at approximately $2,703,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Forte Asset Management LLC purchased a new stake in Energy Vault in the 1st quarter valued at about $33,000. Mercer Global Advisors Inc. ADV purchased a new stake in Energy Vault during the third quarter worth approximately $36,000. XTX Topco Ltd purchased a new stake in Energy Vault during the 2nd quarter worth $39,000. Banco BTG Pactual S.A. acquired a new stake in shares of Energy Vault in the third quarter valued at about $43,000. Finally, Calamos Advisors LLC acquired a new stake in Energy Vault in the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NRGV shares. Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Roth Capital reaffirmed a “buy” rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Weiss Ratings lowered shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 target price on shares of Energy Vault in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Energy Vault has a consensus rating of “Hold” and an average target price of $6.01.

Energy Vault Stock Up 2.4%

NYSE NRGV opened at $3.83 on Friday. The company has a market capitalization of $682.70 million, a P/E ratio of -5.80 and a beta of 1.21. Energy Vault Holdings, Inc. has a 12 month low of $1.57 and a 12 month high of $6.64. The company’s 50 day simple moving average is $3.62 and its 200 day simple moving average is $3.90. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19.

Energy Vault (NYSE:NRGV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Equities research analysts expect that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Activity at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the completion of the sale, the chief financial officer owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dylan Hixon bought 27,472 shares of Energy Vault stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of $3.88 per share, with a total value of $106,591.36. Following the acquisition, the director directly owned 27,472 shares of the company’s stock, valued at approximately $106,591.36. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 17.20% of the stock is currently owned by corporate insiders.

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.