J. Goldman & Co LP Purchases New Position in Energy Vault Holdings, Inc. $NRGV

J. Goldman & Co LP purchased a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,504,234 shares of the company’s stock, valued at approximately $7,085,000.

Other large investors also recently added to or reduced their stakes in the company. Forte Asset Management LLC bought a new stake in shares of Energy Vault in the 1st quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Energy Vault during the 3rd quarter valued at approximately $36,000. XTX Topco Ltd bought a new position in shares of Energy Vault during the 2nd quarter valued at approximately $39,000. Banco BTG Pactual S.A. purchased a new stake in Energy Vault during the 3rd quarter valued at $43,000. Finally, Calamos Advisors LLC purchased a new stake in Energy Vault during the 1st quarter valued at $48,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NRGV. Roth Capital reaffirmed a “buy” rating and set a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a research note on Wednesday, August 12th. Finally, Citigroup upped their price target on shares of Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.01.

Energy Vault Trading Up 7.8%

NRGV stock opened at $3.92 on Wednesday. Energy Vault Holdings, Inc. has a 12 month low of $1.60 and a 12 month high of $6.64. The firm’s 50-day moving average is $3.61 and its 200 day moving average is $3.88. The company has a market capitalization of $713.72 million, a PE ratio of -5.95 and a beta of 1.21. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19.

Energy Vault (NYSE:NRGV) last released 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). The company had revenue of $17.37 million during the quarter, compared to analysts’ expectations of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. On average, research analysts anticipate that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Insider Activity at Energy Vault

In other news, Director Dylan Hixon acquired 27,472 shares of Energy Vault stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $3.88 per share, for a total transaction of $106,591.36. Following the acquisition, the director directly owned 27,472 shares of the company’s stock, valued at $106,591.36. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Thomas Beer sold 65,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer owned 1,021,806 shares in the company, valued at $4,168,968.48. The trade was a 5.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.20% of the company’s stock.

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.