Thomas Ertel Purchases 5,450 Shares of Energy Vault (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Thomas Ertel acquired 5,450 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $3.37 per share, for a total transaction of $18,366.50. Following the completion of the transaction, the director directly owned 365,788 shares in the company, valued at $1,232,705.56. This represents a 1.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Energy Vault Stock Down 1.5%

Shares of NYSE:NRGV traded down $0.05 during mid-day trading on Thursday, reaching $3.30. 1,853,209 shares of the stock were exchanged, compared to its average volume of 3,531,954. The company has a market cap of $553.71 million, a P/E ratio of -3.47 and a beta of 0.98. The stock’s 50 day simple moving average is $4.50 and its 200-day simple moving average is $3.67. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. Energy Vault Holdings, Inc. has a one year low of $0.60 and a one year high of $6.35.

Hedge Funds Weigh In On Energy Vault

A number of large investors have recently made changes to their positions in the company. Kovack Advisors Inc. bought a new stake in shares of Energy Vault during the 4th quarter worth $49,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Energy Vault in the 3rd quarter valued at $36,000. Platform Technology Partners bought a new position in Energy Vault during the third quarter worth $40,000. Twinbeech Capital LP acquired a new position in Energy Vault in the fourth quarter valued at $66,000. Finally, Daiwa Securities Group Inc. bought a new stake in Energy Vault during the fourth quarter valued at $66,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Finally, The Goldman Sachs Group boosted their price target on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.67.

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.