Mitsubishi UFJ Asset Management Co. Ltd. Makes New $1.81 Million Investment in Energy Vault Holdings, Inc. $NRGV

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 369,182 shares of the company’s stock, valued at approximately $1,805,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Energy Vault as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NRGV. AQR Capital Management LLC lifted its position in 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 buying an additional 83,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Energy Vault by 201.9% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after purchasing an additional 16,101 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock valued at $97,000 after purchasing an additional 119,636 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Energy Vault during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NRGV shares. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Cantor Fitzgerald started coverage on shares of Energy Vault in a report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Finally, Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.02.

Insider Buying and Selling

In related news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the transaction, the chief financial officer owned 1,060,945 shares in the company, valued at $3,373,805.10. This trade represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have acquired 16,950 shares of company stock valued at $55,062. Company insiders own 17.20% of the company’s stock.

Energy Vault Stock Up 10.6%

Energy Vault stock opened at $5.01 on Tuesday. The company has a market capitalization of $866.78 million, a P/E ratio of -7.06 and a beta of 1.14. Energy Vault Holdings, Inc. has a 1-year low of $0.65 and a 1-year high of $6.35. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $3.63 and its 200-day simple moving average is $4.00.

Energy Vault (NYSE:NRGV) last announced its earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The firm had revenue of $21.88 million during the quarter, compared to the consensus estimate of $20.72 million. Energy Vault had a negative return on equity of 144.72% and a negative net margin of 52.97%. Sell-side analysts forecast that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Energy Vault Company 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.