Energy Vault Holdings, Inc. $NRGV Position Trimmed by SailingStone Capital Partners LLC

SailingStone Capital Partners LLC cut its stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 28.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,938,000 shares of the company’s stock after selling 2,009,922 shares during the period. Energy Vault comprises about 5.7% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its 7th biggest position. SailingStone Capital Partners LLC owned approximately 2.94% of Energy Vault worth $22,764,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Creative Planning lifted its position in Energy Vault by 3.7% during the third quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after purchasing an additional 3,690 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Energy Vault by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after acquiring an additional 7,742 shares during the period. Kovack Advisors Inc. bought a new stake in Energy Vault during the fourth quarter valued at about $51,000. Mercer Global Advisors Inc. ADV bought a new stake in Energy Vault during the third quarter valued at about $36,000. Finally, Daiwa Securities Group Inc. bought a new stake in Energy Vault during the fourth quarter valued at about $66,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Trading Down 0.6%

Shares of NRGV stock opened at $4.09 on Wednesday. Energy Vault Holdings, Inc. has a 12-month low of $0.65 and a 12-month high of $6.64. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 4.94. The stock’s 50-day moving average price is $4.57 and its 200-day moving average price is $4.34. The stock has a market capitalization of $728.15 million, a price-to-earnings ratio of -5.75 and a beta of 1.15.

Energy Vault (NYSE:NRGV) last issued its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%.The firm had revenue of $21.88 million during the quarter, compared to the consensus estimate of $20.72 million. Equities research analysts predict that Energy Vault Holdings, Inc. will post -0.61 EPS for the current fiscal year.

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares of the company’s stock, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on NRGV shares. The Goldman Sachs Group raised their price target on Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Citigroup started coverage on Energy Vault in a report on Thursday, June 11th. They set a “neutral” rating and a $5.25 price target on the stock. Fundamental Research set a $6.05 price target on Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th. Cantor Fitzgerald initiated coverage on Energy Vault in a report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target on the stock. Finally, Zacks Research cut Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $5.08.

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.