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

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Thomas Ertel bought 5,450 shares of the stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $3.37 per share, with a total value of $18,366.50. Following the completion of the acquisition, the director 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Energy Vault Trading Down 1.5%

Shares of Energy Vault stock traded down $0.05 on Thursday, reaching $3.30. 1,853,209 shares of the company’s stock were exchanged, compared to its average volume of 3,531,954. The company has a market capitalization of $553.71 million, a P/E ratio of -3.47 and a beta of 0.98. Energy Vault Holdings, Inc. has a 52 week low of $0.60 and a 52 week high of $6.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. The firm’s 50-day moving average is $4.50 and its two-hundred day moving average is $3.67.

Hedge Funds Weigh In On Energy Vault

Large investors have recently modified their holdings of the company. Catalyst Funds Management Pty Ltd purchased a new position in Energy Vault during the second quarter valued at approximately $36,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Energy Vault during the 3rd quarter valued at $36,000. XTX Topco Ltd purchased a new position in shares of Energy Vault during the second quarter worth approximately $39,000. Platform Technology Partners purchased a new position in shares of Energy Vault in the third quarter worth about $40,000. Finally, Banco BTG Pactual S.A. purchased a new position in shares of Energy Vault during the third quarter valued at approximately $43,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. 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 report on Wednesday, November 12th. Fundamental Research set a $5.19 price target on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.