Swiss National Bank Buys New Shares in Energy Vault Holdings, Inc. $NRGV

Swiss National Bank purchased a new stake in Energy Vault Holdings, Inc. (NYSE:NRGV) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 176,100 shares of the company’s stock, valued at approximately $581,000. Swiss National Bank owned 0.10% of Energy Vault at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NRGV. AQR Capital Management LLC increased its holdings in shares of Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after purchasing an additional 83,410 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Energy Vault by 201.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after buying an additional 118,641 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after buying an additional 16,101 shares during the period. Jane Street Group LLC lifted its stake in shares of Energy Vault by 613.7% in the first quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock valued at $97,000 after buying an additional 119,636 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Energy Vault during the second quarter worth about $39,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Price Performance

Shares of Energy Vault stock opened at $2.85 on Friday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50-day simple moving average is $4.11 and its 200-day simple moving average is $4.10. Energy Vault Holdings, Inc. has a twelve month low of $1.02 and a twelve month high of $6.64. The firm has a market cap of $508.90 million, a P/E ratio of -4.02 and a beta of 1.17.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The business had revenue of $21.88 million during the quarter, compared to the consensus estimate of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. As a group, research analysts expect that Energy Vault Holdings, Inc. will post -0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Cantor Fitzgerald started coverage on Energy Vault in a report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price objective on the stock. Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and lowered their price objective for the company 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 research report on Monday, July 6th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Energy Vault currently has an average rating of “Hold” and an average target price of $5.01.

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 17.20% of the company’s stock.

Energy Vault Profile

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.