Robert Piconi Increases Stake in Energy Vault Holdings, Inc.
CEO Robert Piconi buys 3.89 million shares of NRGV, boosting his stake.
Key Points
- Robert Piconi, CEO of Energy Vault Holdings, Inc., purchased 3.89 million shares of NRGV on June 25, 2026.
- NRGV shares traded at $4.21 on Saturday, with a market cap of approximately $750.4 million.
- Other institutional investors, like Marshall Wace, LLP, increased their positions, while analysts have mixed ratings.
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Robert Piconi, the Chief Executive Officer of Energy Vault Holdings, Inc. (NYSE:NRGV), recently bought 3.89 million shares of the company. This transaction took place on June 25, 2026, and was not part of a pre-planned trading program.
Insider Buying and Selling at Energy Vault Holdings, Inc.
On June 25, 2026, Robert Piconi, CEO of Energy Vault, acquired 3.89 million shares of the company. This purchase was not conducted under a Rule 10b5-1 trading plan, indicating it was an open-market buy. Other insiders, including Stephanie Unwin, Dylan Hixon, Larry Paulson, Theresa Fariello, and Mary Beth Mandanas, also bought shares in late May 2026.
Other Institutional Activity in Energy Vault Holdings
Several institutional investors have adjusted their positions in Energy Vault Holdings. SB Investment Advisers (UK) Ltd reduced its holdings by 3 million shares, bringing its total to 15.54 million shares valued at approximately $51.3 million, a 16.2% decrease. Meanwhile, State Street Corp increased its stake slightly by 110,973 shares, now holding 5.81 million shares worth about $19.2 million, reflecting a 1.9% increase. Scoggin Management LP added 425,000 shares, boosting its position by 8.4% to a total of 5.5 million shares valued at $18.2 million. Marshall Wace, LLP significantly increased its holding by 2.3 million shares, a 71.9% rise, ending with 5.49 million shares worth around $18.1 million. Vanguard Capital Management LLC opened a new position with 5.16 million shares valued at $17 million.
Energy Vault Holdings, Inc. Stock Up 18.9%
Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) traded near $4.21 on Saturday. The company has a market capitalization of about $750.4 million. It is not currently profitable, with a forward P/E ratio of -25.4. The stock's beta is 1.156, indicating slightly higher volatility than the broader market. Over the past year, the stock has ranged from a low of $0.70 to a high of $6.64. Its 50-day moving average is $4.71, while the 200-day moving average is $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 started coverage on Energy Vault with a hold rating and a price target of $5.25. Earlier, on May 5, 2026, Cantor Fitzgerald initiated coverage with a buy rating and a $7.00 target. Goldman Sachs has maintained a sell rating with a $2.00 price target since March 19, 2026. The consensus among five analysts is a hold, with a mean target price of $5.48.
About Energy Vault Holdings, Inc.
Energy Vault Holdings, Inc. develops large-scale energy storage solutions. Based in Westlake Village, California, the company creates products like B-Vault, G-Vault, and H-Vault for various energy storage needs. Their software solutions include Vault-OS for energy management, Vault-Bidder for revenue optimization, and Vault-Manager for asset performance insights. Founded in 2020, Energy Vault operates in the U.S. and internationally, employing 142 people under CEO Robert Allen Piconi.
Bottom Line
The recent insider purchase by CEO Robert Piconi signals his confidence in Energy Vault Holdings, Inc. Energy Vault is known for its innovative energy storage solutions, operating in a growing sector. While the 13F filings provide insight into past institutional activity, they don't necessarily reflect the current positions. Investors should consider these factors alongside the company's financial and operational performance.
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