Green Alpha Advisors LLC decreased its stake in Energy Vault Holdings, Inc. (NYSE:NRGV – Free Report) by 26.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,815 shares of the company’s stock after selling 18,722 shares during the period. Green Alpha Advisors LLC’s holdings in Energy Vault were worth $139,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of NRGV. Prelude Capital Management LLC acquired a new position in Energy Vault in the first quarter valued at $38,000. Putnam Investments LLC purchased a new position in Energy Vault during the 1st quarter worth approximately $366,000. JPMorgan Chase & Co. increased its position in Energy Vault by 64.1% during the first quarter. JPMorgan Chase & Co. now owns 110,905 shares of the company’s stock worth $238,000 after buying an additional 43,333 shares during the period. State Street Corp increased its holdings in shares of Energy Vault by 8.1% in the 1st quarter. State Street Corp now owns 1,465,796 shares of the company’s stock valued at $3,137,000 after acquiring an additional 109,622 shares during the period. Finally, Squarepoint Ops LLC raised its position in Energy Vault by 556.4% in the 1st quarter. Squarepoint Ops LLC now owns 130,190 shares of the company’s stock valued at $279,000 after purchasing an additional 110,355 shares during the last quarter. 33.65% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Chardan Capital reissued a “buy” rating and set a $7.00 price objective on shares of Energy Vault in a research report on Wednesday, August 9th.
Energy Vault Trading Up 6.8 %
Shares of NRGV opened at $3.13 on Friday. The company has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $2.54. Energy Vault Holdings, Inc. has a 52-week low of $1.35 and a 52-week high of $6.72.
Energy Vault (NYSE:NRGV – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02). Energy Vault had a negative net margin of 71.43% and a negative return on equity of 39.77%. The firm had revenue of $39.68 million during the quarter, compared to analyst estimates of $53.20 million. As a group, research analysts anticipate that Energy Vault Holdings, Inc. will post -0.65 EPS for the current year.
Energy Vault Company Profile
Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers battery energy storage systems for shorter-duration energy storage needs; gravity energy storage systems, including EVx solution; green hydrogen energy storage systems; hybrid energy storage systems; and energy management software platform that orchestrates the management of one or more diverse storage mediums.
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