Monashee Investment Management LLC Takes $582,000 Position in Energy Vault Holdings, Inc. $NRGV

Monashee Investment Management LLC bought a new position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 176,453 shares of the company’s stock, valued at approximately $582,000. Monashee Investment Management LLC owned about 0.10% of Energy Vault as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Energy Vault by 3.7% during the third quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after purchasing an additional 3,690 shares during the period. Osaic Holdings Inc. increased its stake in shares of Energy Vault by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after acquiring an additional 4,897 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Energy Vault by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after purchasing an additional 7,742 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Energy Vault by 70.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after buying an additional 8,570 shares during the period. Finally, Forte Asset Management LLC acquired a new position in shares of Energy Vault during the first quarter worth approximately $33,000. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the completion of the transaction, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. This represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.20% of the stock is currently owned by corporate insiders.

Energy Vault Stock Performance

NYSE NRGV opened at $3.35 on Thursday. The company has a 50-day simple moving average of $4.45 and a two-hundred day simple moving average of $4.21. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. Energy Vault Holdings, Inc. has a 12-month low of $1.02 and a 12-month high of $6.64. The firm has a market cap of $596.25 million, a price-to-earnings ratio of -4.71 and a beta of 1.17.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on NRGV. Citigroup upgraded Energy Vault from a “neutral” rating to a “buy” rating and dropped their target price for the company from $5.25 to $5.00 in a report on Wednesday. Wall Street Zen lowered shares of Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Cantor Fitzgerald began coverage on Energy Vault in a research note on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.01.

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.