GSA Capital Partners LLP Makes New Investment in Energy Vault Holdings, Inc. $NRGV

GSA Capital Partners LLP bought a new stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 179,047 shares of the company’s stock, valued at approximately $843,000. GSA Capital Partners LLP owned about 0.10% of Energy Vault as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Energy Vault by 381.1% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 purchasing an additional 118,641 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 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 bought a new position in Energy Vault during the second quarter worth about $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Dylan Hixon acquired 85,518 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the acquisition, the director directly owned 31,864 shares in the company, valued at approximately $119,171.36. The trade was a -159.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $4.08, for a total transaction of $265,200.00. Following the completion of the sale, the chief financial officer directly owned 1,021,806 shares in the company, valued at $4,168,968.48. This represents a 5.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NRGV. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Fundamental Research set a $8.03 price target on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 price objective on shares of Energy Vault in a research note on Wednesday, August 12th. Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.81.

Energy Vault Trading Down 4.1%

NYSE NRGV opened at $3.67 on Wednesday. Energy Vault Holdings, Inc. has a one year low of $1.40 and a one year high of $6.64. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $653.29 million, a P/E ratio of -5.55 and a beta of 1.21. The stock’s 50-day moving average is $3.65 and its 200-day moving average is $3.92.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The business had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Sell-side analysts anticipate that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal 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.