Invesco Ltd. Has $6.10 Million Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

Invesco Ltd. boosted its holdings in Energy Vault Holdings, Inc. (NYSE:NRGV - Free Report) by 15,519.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,675,226 shares of the company's stock after acquiring an additional 2,658,099 shares during the period. Invesco Ltd. owned 1.76% of Energy Vault worth $6,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Rhumbline Advisers raised its position in shares of Energy Vault by 4.9% in the fourth quarter. Rhumbline Advisers now owns 146,881 shares of the company's stock valued at $335,000 after buying an additional 6,851 shares in the last quarter. Root Financial Partners LLC raised its holdings in Energy Vault by 35.0% in the 4th quarter. Root Financial Partners LLC now owns 30,404 shares of the company's stock valued at $69,000 after acquiring an additional 7,876 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Energy Vault by 22.5% during the 4th quarter. SG Americas Securities LLC now owns 43,600 shares of the company's stock worth $99,000 after purchasing an additional 7,999 shares in the last quarter. Truist Financial Corp bought a new position in shares of Energy Vault in the fourth quarter worth $27,000. Finally, Virtu Financial LLC acquired a new position in Energy Vault in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Energy Vault Stock Down 3.1 %

Shares of NYSE NRGV traded down $0.02 during trading on Thursday, reaching $0.73. The company had a trading volume of 133,699 shares, compared to its average volume of 1,124,451. The stock has a market cap of $111.83 million, a P/E ratio of -1.12 and a beta of 0.73. The company's fifty day moving average price is $0.92 and its 200-day moving average price is $1.51. Energy Vault Holdings, Inc. has a 12 month low of $0.60 and a 12 month high of $2.70.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its earnings results on Monday, March 17th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.21). The company had revenue of $38.95 million during the quarter, compared to the consensus estimate of $42.51 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. As a group, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Analysts Set New Price Targets

NRGV has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Energy Vault from $1.00 to $0.75 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. TD Cowen decreased their target price on Energy Vault from $2.50 to $2.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Finally, Roth Mkm dropped their price objective on shares of Energy Vault from $2.50 to $1.50 and set a "buy" rating for the company in a research note on Thursday, March 20th.

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.