11,673 Shares in Energy Vault Holdings, Inc. (NYSE:NRGV) Purchased by Truist Financial Corp

Truist Financial Corp purchased a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,673 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of Energy Vault by 4.9% in the fourth quarter. Rhumbline Advisers now owns 146,881 shares of the company’s stock worth $335,000 after acquiring an additional 6,851 shares in the last quarter. Root Financial Partners LLC increased its holdings in Energy Vault by 35.0% in the fourth quarter. Root Financial Partners LLC now owns 30,404 shares of the company’s stock valued at $69,000 after buying an additional 7,876 shares during the last quarter. SG Americas Securities LLC increased its holdings in Energy Vault by 22.5% in the fourth quarter. SG Americas Securities LLC now owns 43,600 shares of the company’s stock valued at $99,000 after buying an additional 7,999 shares during the last quarter. PFG Investments LLC bought a new stake in Energy Vault in the fourth quarter valued at about $42,000. Finally, State Street Corp increased its holdings in Energy Vault by 1.1% in the third quarter. State Street Corp now owns 1,850,702 shares of the company’s stock valued at $1,777,000 after buying an additional 20,915 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen reissued a “buy” rating and issued a $2.50 price objective on shares of Energy Vault in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1.95.

Energy Vault Trading Up 3.6 %

NYSE:NRGV opened at $1.30 on Friday. The firm has a market capitalization of $197.00 million, a PE ratio of -1.99 and a beta of 0.45. The stock has a 50 day moving average of $1.81 and a 200-day moving average of $1.55. Energy Vault Holdings, Inc. has a 52 week low of $0.78 and a 52 week high of $2.70.

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.