573,957 Shares in Energy Vault Holdings, Inc. $NRGV Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management acquired 573,957 Energy Vault shares worth approximately $2.7 million, giving it a 0.32% stake. Institutional and hedge fund investors collectively own 40.03% of the company.
• Analyst views remain mixed: four analysts rate the stock Buy, one Hold and two Sell, resulting in a consensus Hold rating and an average price target of $6.01 versus the reported $3.83 share price.
• Energy Vault reported quarterly revenue of $17.37 million, exceeding estimates, but its adjusted loss of $0.17 per share missed expectations. The company continues to face significant profitability challenges, including a negative net margin of 48.58%.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 573,957 shares of the company's stock, valued at approximately $2,703,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.32% of Energy Vault at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forte Asset Management LLC purchased a new position in shares of Energy Vault in the first quarter valued at approximately $33,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Energy Vault during the 3rd quarter worth $36,000. XTX Topco Ltd acquired a new position in Energy Vault in the 2nd quarter valued at about $39,000. Banco BTG Pactual S.A. acquired a new position in Energy Vault in the third quarter valued at approximately $43,000. Finally, Calamos Advisors LLC acquired a new position in shares of Energy Vault in the 1st quarter valued at $48,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Energy Vault from a "sell" rating to a "strong sell" rating in a report on Saturday, August 15th. Fundamental Research set a $8.03 price objective on Energy Vault and gave the company a "buy" rating in a research note on Tuesday. 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 report on Wednesday, August 12th. Citigroup boosted their target price on Energy Vault from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Weiss Ratings cut shares of Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.01.

Energy Vault Price Performance

Shares of NYSE NRGV opened at $3.83 on Friday. The company has a market cap of $682.70 million, a PE ratio of -5.80 and a beta of 1.21. The stock has a fifty day moving average price of $3.62 and a 200 day moving average price of $3.90. 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 Holdings, Inc. has a 1-year low of $1.57 and a 1-year high of $6.64.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The firm had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. Sell-side analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Insider Buying and Selling at Energy Vault

In related news, Director Dylan Hixon purchased 27,472 shares of the stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of $3.88 per share, with a total value of $106,591.36. Following the purchase, the director directly owned 27,472 shares in the company, valued at $106,591.36. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael Thomas Beer sold 65,000 shares of the company's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $4.08, for a total transaction 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. 17.20% of the stock is currently owned by insiders.

Energy Vault 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.

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