Nuveen LLC Acquires Shares of 272,886 Energy Vault Holdings, Inc. $NRGV

Key Points

• Nuveen LLC has acquired 272,886 shares of Energy Vault Holdings, Inc. (NYSE:NRGV), valued at approximately $190,000, representing 0.18% ownership of the company.
• Institutional investors now own 40.03% of Energy Vault's stock, with notable increases from firms like Private Capital Advisors Inc. and ProShare Advisors LLC.
• The stock currently has a consensus rating of "Hold" with a target price of $1.42, and recently reported a quarterly earnings loss of ($0.22) per share against expectations of ($0.07).

Nuveen LLC bought a new stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 272,886 shares of the company's stock, valued at approximately $190,000. Nuveen LLC owned 0.18% of Energy Vault as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Private Capital Advisors Inc. boosted its holdings in Energy Vault by 766.1% in the 1st quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company's stock worth $339,000 after buying an additional 431,000 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Energy Vault in the fourth quarter valued at approximately $50,000. Shepherd Kaplan Krochuk LLC purchased a new stake in Energy Vault in the fourth quarter valued at approximately $31,000. ProShare Advisors LLC raised its position in Energy Vault by 199.9% in the fourth quarter. ProShare Advisors LLC now owns 58,398 shares of the company's stock valued at $133,000 after purchasing an additional 38,927 shares during the period. Finally, Millennium Management LLC raised its position in Energy Vault by 122.5% in the fourth quarter. Millennium Management LLC now owns 1,442,399 shares of the company's stock valued at $3,289,000 after purchasing an additional 794,253 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1.42.

Energy Vault Price Performance

Shares of NYSE:NRGV opened at $2.07 on Friday. The stock has a market capitalization of $334.22 million, a price-to-earnings ratio of -2.13 and a beta of 0.83. Energy Vault Holdings, Inc. has a one year low of $0.60 and a one year high of $2.69. The company has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 0.66.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.15). The firm had revenue of $8.51 million for the quarter, compared to analysts' expectations of $31.18 million. Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%. Energy Vault has set its FY 2025 guidance at EPS. On average, analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Insiders Place Their Bets

In other Energy Vault news, Director Dylan Hixon purchased 20,000 shares of the stock in a transaction dated Friday, August 29th. The shares were acquired at an average cost of $1.92 per share, for a total transaction of $38,400.00. Following the completion of the transaction, the director directly owned 900,065 shares of the company's stock, valued at $1,728,124.80. This trade represents a 2.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert Piconi bought 22,500 shares of the stock in a transaction on Friday, August 29th. The shares were bought at an average price of $1.92 per share, for a total transaction of $43,200.00. Following the acquisition, the chief executive officer owned 20,110,026 shares in the company, valued at $38,611,249.92. The trade was a 0.11% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 64,900 shares of company stock worth $120,280 and have sold 66,024 shares worth $53,479. 15.40% of the stock is currently owned by company insiders.

Energy Vault Profile

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.

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