Invesco Ltd. Sells 1,445,012 Shares of Energy Vault Holdings, Inc. $NRGV

Invesco Ltd. reduced its stake in Energy Vault Holdings, Inc. (NYSE:NRGV) by 54.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,230,214 shares of the company’s stock after selling 1,445,012 shares during the quarter. Invesco Ltd. owned about 0.80% of Energy Vault worth $855,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. 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 period. Squarepoint Ops LLC acquired a new position in shares of Energy Vault during the 4th quarter worth approximately $50,000. Shepherd Kaplan Krochuk LLC acquired a new position in shares of Energy Vault during the 4th quarter worth approximately $31,000. ProShare Advisors LLC grew its position in shares of Energy Vault by 199.9% during the 4th quarter. ProShare Advisors LLC now owns 58,398 shares of the company’s stock worth $133,000 after purchasing an additional 38,927 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Energy Vault by 122.5% during the 4th quarter. Millennium Management LLC now owns 1,442,399 shares of the company’s stock worth $3,289,000 after purchasing an additional 794,253 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1.42.

Insider Buying and Selling at Energy Vault

In related news, Director Dylan Hixon bought 20,000 shares of the business’s stock in a transaction on Friday, August 29th. The shares were purchased at an average price 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 approximately $1,728,124.80. This represents a 2.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert Piconi bought 22,500 shares of the business’s stock in a transaction on Friday, August 29th. The stock was bought at an average price of $1.92 per share, for a total transaction of $43,200.00. Following the transaction, the chief executive officer directly owned 20,110,026 shares of the company’s stock, valued at approximately $38,611,249.92. This represents a 0.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 64,900 shares of company stock worth $120,280 and have sold 66,024 shares worth $53,479. Company insiders own 19.80% of the company’s stock.

Energy Vault Stock Performance

NYSE NRGV opened at $2.16 on Thursday. Energy Vault Holdings, Inc. has a 1 year low of $0.60 and a 1 year high of $2.69. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $348.79 million, a price-to-earnings ratio of -2.22 and a beta of 0.83. The firm’s 50 day simple moving average is $1.24 and its 200 day simple moving average is $1.04.

Energy Vault (NYSE:NRGV) last issued its earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The company had revenue of $8.51 million during the quarter, compared to analyst estimates of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. As a group, research analysts expect that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

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.