Swiss National Bank Acquires Shares of 176,100 Energy Vault Holdings, Inc. $NRGV

Swiss National Bank bought a new stake in Energy Vault Holdings, Inc. (NYSE:NRGV) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 176,100 shares of the company’s stock, valued at approximately $581,000.

Several other large investors have also made changes to their positions in NRGV. Forte Asset Management LLC acquired a new stake in shares of Energy Vault during the 1st quarter worth about $33,000. Mercer Global Advisors Inc. ADV acquired a new position in Energy Vault in the third quarter valued at about $36,000. XTX Topco Ltd acquired a new position in Energy Vault in the second quarter valued at about $39,000. Banco BTG Pactual S.A. acquired a new position in Energy Vault in the third quarter valued at about $43,000. Finally, Calamos Advisors LLC bought a new stake in Energy Vault during the first quarter worth about $48,000. Institutional investors own 40.03% of the company’s stock.

Energy Vault Stock Up 0.9%

Shares of NYSE NRGV opened at $2.85 on Friday. Energy Vault Holdings, Inc. has a 12-month low of $1.02 and a 12-month high of $6.64. The firm’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $4.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94. The company has a market cap of $508.90 million, a price-to-earnings ratio of -4.02 and a beta of 1.17.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). The company had revenue of $21.88 million during the quarter, compared to analyst estimates of $20.72 million. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. On average, research analysts expect that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,021,806 shares in the company, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NRGV shares. Wall Street Zen lowered shares of Energy Vault from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Cantor Fitzgerald initiated coverage on Energy Vault in a research report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Finally, Citigroup raised Energy Vault from a “neutral” rating to a “buy” rating and dropped their price target for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.01.

About Energy Vault

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.