SailingStone Capital Partners LLC Trims Holdings in Energy Vault Holdings, Inc. $NRGV

SailingStone Capital Partners LLC reduced its stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 28.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,938,000 shares of the company’s stock after selling 2,009,922 shares during the quarter. Energy Vault comprises about 5.7% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 7th biggest position. SailingStone Capital Partners LLC’s holdings in Energy Vault were worth $22,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in NRGV. AQR Capital Management LLC increased its stake in Energy Vault by 381.1% during the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after acquiring an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Energy Vault by 201.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after acquiring an additional 118,641 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after acquiring an additional 16,101 shares during the last quarter. Jane Street Group LLC increased its stake in Energy Vault by 613.7% during the first quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after acquiring an additional 119,636 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Energy Vault during the second quarter worth approximately $39,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NRGV shares. Citigroup assumed coverage on Energy Vault in a research note on Thursday, June 11th. They set a “neutral” rating and a $5.25 price objective on the stock. Fundamental Research set a $6.05 target price on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, March 24th. Cantor Fitzgerald assumed coverage on Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 target price for the company. Wall Street Zen lowered Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $5.08.

Insider Activity

In related news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the sale, the chief financial officer owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.20% of the company’s stock.

Energy Vault Stock Down 0.6%

Shares of NYSE NRGV opened at $4.09 on Wednesday. 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 has a market capitalization of $728.15 million, a price-to-earnings ratio of -5.75 and a beta of 1.15. The stock has a 50 day moving average price of $4.57 and a 200 day moving average price of $4.34. Energy Vault Holdings, Inc. has a 52-week low of $0.65 and a 52-week high of $6.64.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). The firm had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. Sell-side analysts expect that Energy Vault Holdings, Inc. will post -0.61 earnings per share for the current year.

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.