Nuveen LLC Takes Position in 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 purchased a new position in Energy Vault Holdings, Inc. (NYSE:NRGV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 272,886 shares of the company's stock, valued at approximately $190,000. Nuveen LLC owned approximately 0.18% of Energy Vault at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NRGV. Private Capital Advisors Inc. raised 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 valued at $339,000 after acquiring an additional 431,000 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Energy Vault in the fourth quarter valued at approximately $50,000. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Energy Vault in the fourth quarter valued at approximately $31,000. ProShare Advisors LLC lifted its position in Energy Vault by 199.9% during the fourth quarter. ProShare Advisors LLC now owns 58,398 shares of the company's stock worth $133,000 after buying an additional 38,927 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Energy Vault by 122.5% during the fourth quarter. Millennium Management LLC now owns 1,442,399 shares of the company's stock worth $3,289,000 after buying an additional 794,253 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity at Energy Vault

In related news, Director Dylan Hixon bought 20,000 shares of the firm's stock in a transaction on Friday, August 29th. The shares were bought at an average price of $1.92 per share, with a total value 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 represents a 2.27% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Thomas Beer sold 33,897 shares of the stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $0.81, for a total transaction of $27,456.57. Following the transaction, the chief financial officer directly owned 1,266,103 shares of the company's stock, valued at approximately $1,025,543.43. This trade represents a 2.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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 owned by insiders.

Energy Vault Trading Up 6.5%

NRGV traded up $0.13 during trading hours on Thursday, reaching $2.04. The company's stock had a trading volume of 1,576,429 shares, compared to its average volume of 1,887,499. The stock has a market cap of $329.36 million, a PE ratio of -2.10 and a beta of 0.83. Energy Vault Holdings, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $2.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66. The business's 50-day moving average is $1.38 and its 200-day moving average is $1.05.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its 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). Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%.The business had revenue of $8.51 million for the quarter, compared to analyst estimates of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Energy Vault

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.