Energy Vault (NYSE:NRGV) Director Thomas Ertel Acquires 5,450 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Thomas Ertel purchased 5,450 shares of the stock in a transaction on Wednesday, March 4th. The shares were acquired at an average price of $3.37 per share, for a total transaction of $18,366.50. Following the transaction, the director directly owned 365,788 shares of the company’s stock, valued at $1,232,705.56. This represents a 1.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Energy Vault Price Performance

Shares of Energy Vault stock traded down $0.11 on Friday, reaching $3.23. The company’s stock had a trading volume of 1,047,498 shares, compared to its average volume of 3,500,535. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $541.96 million, a P/E ratio of -3.40 and a beta of 0.98. The stock has a 50-day moving average price of $4.47 and a 200-day moving average price of $3.67. Energy Vault Holdings, Inc. has a 52-week low of $0.60 and a 52-week high of $6.35.

Institutional Investors Weigh In On Energy Vault

Several hedge funds and other institutional investors have recently made changes to their positions in NRGV. Kovack Advisors Inc. purchased a new stake in Energy Vault in the 4th quarter valued at $49,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault during the 3rd quarter valued at about $36,000. Platform Technology Partners purchased a new stake in shares of Energy Vault in the third quarter valued at about $40,000. Twinbeech Capital LP acquired a new stake in Energy Vault during the fourth quarter worth about $66,000. Finally, Daiwa Securities Group Inc. purchased a new position in Energy Vault during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

NRGV has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research note on Wednesday, November 12th. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Finally, Fundamental Research set a $5.19 price target on Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.67.

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.