RFG Advisory LLC Cuts Holdings in Energy Vault Holdings, Inc. $NRGV

RFG Advisory LLC cut its stake in Energy Vault Holdings, Inc. (NYSE:NRGV) by 72.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,766 shares of the company’s stock after selling 245,610 shares during the period. RFG Advisory LLC owned about 0.05% of Energy Vault worth $306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NRGV. Miller Howard Investments Inc. NY bought a new position in shares of Energy Vault during the 1st quarter valued at $51,000. SG Americas Securities LLC purchased a new position in Energy Vault during the 1st quarter valued at about $64,000. Hsbc Holdings PLC purchased a new position in shares of Energy Vault during the fourth quarter valued at approximately $53,000. Cambient Family Office LLC bought a new position in Energy Vault in the 4th quarter worth $320,000. Finally, Invesco Ltd. bought a new position in Energy Vault in the fourth quarter worth about $11,454,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on NRGV shares. Citigroup began coverage on Energy Vault in a research report on Thursday, June 11th. They set a “neutral” rating and a $5.25 price objective for the company. Wall Street Zen downgraded Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Cantor Fitzgerald assumed coverage on shares of Energy Vault in a report on Tuesday, May 5th. They set an “overweight” rating and a $7.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. Finally, Fundamental Research set a $6.05 target price on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Energy Vault has a consensus rating of “Reduce” and a consensus price target of $5.08.

Insider Activity at Energy Vault

In related news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the transaction, the chief financial officer owned 1,060,945 shares of the company’s stock, valued at approximately $3,373,805.10. This trade represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.20% of the company’s stock.

Energy Vault Stock Performance

Shares of NYSE NRGV opened at $4.70 on Wednesday. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $836.88 million, a P/E ratio of -6.61 and a beta of 1.15. Energy Vault Holdings, Inc. has a 52-week low of $0.72 and a 52-week high of $6.64. The firm’s fifty day moving average is $4.76 and its two-hundred day moving average is $4.36.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. The firm had revenue of $21.88 million for the quarter, compared to the consensus estimate of $20.72 million. As a group, analysts anticipate that Energy Vault Holdings, Inc. will post -0.61 EPS for the current fiscal year.

About Energy Vault

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.