Energy Vault CEO Robert Piconi Buys 3.89 Million Shares
Robert Piconi, CEO of Energy Vault, acquired 3.89 million shares of the company.
Key Points
- Robert Piconi, CEO of Energy Vault, bought 3.89 million shares of NRGV on June 25, 2026.
- NRGV shares traded near $4.21 on Sunday, with a market cap of $750.4 million and a 52-week range of $0.70 to $6.64.
- Citigroup initiated a hold rating with a $5.25 target, while Cantor Fitzgerald set a buy rating at $7.00.
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Energy Vault Holdings, Inc. (NYSE:NRGV) saw a significant insider purchase as CEO Robert Piconi bought 3.89 million shares on June 25, 2026. This move comes as shares traded around $4.21 on Sunday.
Insider Buying and Selling at Energy Vault Holdings, Inc.
Robert Piconi, the Chief Executive Officer of Energy Vault, acquired 3,886,000 shares of the company on June 25, 2026. This transaction was not part of a pre-arranged trading plan. In addition, several other insiders, including Stephanie Unwin and Larry Paulson, made smaller purchases on May 29, 2026.
Other Institutional Activity in Energy Vault Holdings
In recent institutional activity, SB Investment Advisers (UK) Ltd reduced its stake by 3 million shares, now holding 15,535,631 shares worth approximately $51.3 million. State Street Corp added 110,973 shares, bringing its total to 5,808,708 shares valued at $19.2 million. Scoggin Management LP increased its holdings by 425,000 shares to a total of 5.5 million shares, valued at $18.2 million. Marshall Wace, LLP made a significant increase of 2,297,544 shares, ending with 5,491,749 shares worth about $18.1 million. Vanguard Capital Management LLC opened a new position with 5,161,271 shares valued at $17 million.
Energy Vault Holdings, Inc. Stock Up 18.9%
Shares of NYSE:NRGV traded near $4.21 on Sunday. Energy Vault has a market cap of approximately $750.4 million and a beta of 1.156, indicating some volatility compared to the market. The stock's 52-week range is between $0.70 and $6.64, with a 50-day moving average of $4.71 and a 200-day moving average of $4.03. The company has a current ratio of 1.441 and a quick ratio of 1.109, with a high debt-to-equity ratio of 323.272.
$NRGV stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 11, 2026, Citigroup initiated coverage on Energy Vault with a hold rating and a price target of $5.25. Earlier, on May 5, 2026, Cantor Fitzgerald set a buy rating with a target of $7.00. Goldman Sachs has maintained its sell rating with a target price of $2.00 since March 19, 2026. The consensus target price stands at $5.48, based on five analyst opinions.
About Energy Vault Holdings, Inc.
Energy Vault Holdings, Inc. develops large-scale energy storage solutions. The company offers various products such as B-Vault for short-term energy storage, G-Vault for long-term storage, and H-Vault for hydrogen or hybrid storage needs. Its software solutions include Vault-OS for energy management and Vault-Bidder for revenue optimization. Founded in 2020, the company is headquartered in Westlake Village, California, and employs 142 people.
Bottom Line
Robert Piconi's purchase signals confidence in Energy Vault Holdings, Inc., a company focused on innovative energy storage solutions. Investors should note that insider transactions like these are often watched for potential insights into a company's future. However, it's important to remember that this information is based on past filings and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.