Energy Vault (NYSE:NRGV) Director Dylan Hixon Purchases 85,518 Shares of Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon purchased 85,518 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the transaction, the director directly owned 31,864 shares in the company, valued at $119,171.36. This trade represents a -159.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Energy Vault Stock Up 0.8%

Shares of NYSE NRGV opened at $3.82 on Tuesday. The stock has a market cap of $680.91 million, a P/E ratio of -5.79 and a beta of 1.21. The firm has a 50 day moving average price of $3.67 and a 200 day moving average price of $3.93. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. Energy Vault Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $6.64.

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

Wall Street Analyst Weigh In

Several analysts recently commented on NRGV shares. Weiss Ratings downgraded Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Roth Capital reissued a “buy” rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday. Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $5.25 to $5.00 in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Four equities research 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. According to data from MarketBeat, Energy Vault has a consensus rating of “Hold” and an average target price of $5.41.

Institutional Investors Weigh In On Energy Vault

A number of hedge funds and other institutional investors have recently made changes to their positions in NRGV. BlackRock Inc. bought a new stake in Energy Vault in the 2nd quarter valued at $52,657,000. Legal & General Group Plc bought a new position in Energy Vault during the 2nd quarter worth about $25,508,000. State Street Corp raised its stake 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 purchasing an additional 5,181,624 shares during the period. Millennium Management LLC raised its stake in shares of Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after purchasing an additional 3,430,094 shares during the period. Finally, Invesco Ltd. bought a new stake in shares of Energy Vault in the fourth quarter valued at about $11,454,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.