Akshay Ladwa Purchases 4,000 Shares of Energy Vault (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa bought 4,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $3.08 per share, for a total transaction of $12,320.00. Following the acquisition, the insider owned 1,824,384 shares of the company’s stock, valued at approximately $5,619,102.72. This represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Energy Vault Trading Up 0.3%

NYSE NRGV opened at $3.36 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $563.77 million, a P/E ratio of -3.54 and a beta of 0.98. Energy Vault Holdings, Inc. has a 52-week low of $0.60 and a 52-week high of $6.35. The firm has a 50-day moving average price of $4.47 and a 200 day moving average price of $3.67.

Institutional Investors Weigh In On Energy Vault

A number of large investors have recently added to or reduced their stakes in NRGV. Cambient Family Office LLC purchased a new position in Energy Vault during the 4th quarter valued at about $320,000. Invesco Ltd. acquired a new stake in shares of Energy Vault in the fourth quarter valued at approximately $11,454,000. Beartown Capital Management LLC acquired a new stake in shares of Energy Vault in the fourth quarter valued at approximately $2,766,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Energy Vault by 70.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after purchasing an additional 8,570 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Energy Vault during the 4th quarter worth approximately $554,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NRGV. The Goldman Sachs Group upped their price objective on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Fundamental Research set a $5.19 price target on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Energy Vault presently has an average 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.