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Energy Vault (NRGV)

Company Profile

Energy Vault is a Swiss-based, global energy storage company specializing in gravity and kinetic energy based, long-duration energy storage products.

Company profile

Ticker

NRGV

Exchange

Website

www.energyvault.com/

CEO

Robert Allen Piconi

Incorporated

Location

Fiscal year end

Sector

Manufacturing > Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing

Industry (SIC)

Miscellaneous Electrical Machinery, Equipment & Supplies

Spectrum Brands • Enersys • Sunrun • Energizer • Atkore • Fluence Energy • CBAK Energy Technology • Novanta • Advent Technologies • QuantumScape ...

Former names

Novus Capital Corp II

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Energy Vault, Inc. • Calistoga Resiliency Center, LLC • Energy Vault SA • Energy Vault Pty Ltd ...

IRS number

853230987

NRGV stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

Quarterly report

8 Aug 23

Energy Vault Reports Second Quarter 2023 Earnings Results

Notice of effectiveness

Correspondence with SEC

Shelf registration (amended)

14 Jul 23

Shelf registration

Regulation FD Disclosure

Notice of effectiveness

Prospectus update (post-effective amendment)

Correspondence with SEC

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

View all

Goncagul Icoren

Christopher Wiese

Marco Terruzzin

Andrea Pedretti

Goncagul Icoren

LAURENCE ALEXANDER

Financial summary

Financial statements Chart NRGV financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	165.04 mm	165.04 mm	165.04 mm	165.04 mm	165.04 mm	165.04 mm
Cash burn (monthly)	10.65 mm	11.17 mm	9.45 mm	10.27 mm	7.02 mm	7.36 mm
Cash used (since last report)	30.03 mm	31.50 mm	26.66 mm	28.97 mm	19.79 mm	20.76 mm
Cash remaining	135.01 mm	133.53 mm	138.37 mm	136.07 mm	145.24 mm	144.28 mm
Runway (months of cash)	12.7	12.0	14.6	13.2	20.7	19.6

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

NRGV institutional ownership history Ownership history

37.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	101	106	-4.7%
Opened positions	19	23	-17.4%
Closed positions	24	15	+60.0%
Increased positions	24	39	-38.5%
Reduced positions	28	19	+47.4%

13F shares	Current	Prev Q	Change
Total value	130.19 bn	96.48 bn	+34.9%
Total shares	53.05 mm	50.48 mm	+5.1%
Total puts	66.20 k	88.50 k	-25.2%
Total calls	2.86 mm	2.79 mm	+2.6%
Total put/call ratio	0.0	0.0	-27.1%

Largest owners	Shares	Value	Change
SB Investment Advisers	18.54 mm	$50.60 bn	0.0%
BLK Blackrock	6.30 mm	$17.19 bn	+29.2%
SailingStone Capital Partners	4.74 mm	$13.23 bn	+9.5%
IVZ Invesco	3.92 mm	$10.70 bn	-18.8%
Helena Special Investments	3.46 mm	$17.39 mm	0.0%
STT State Street	2.62 mm	$7.15 bn	+78.8%
Idealab Studio	1.73 mm	$0.00	0.0%
Geode Capital Management	1.66 mm	$4.54 bn	+22.6%
Vanguard	1.43 mm	$3.92 bn	-4.7%
Millennium Management	913.64 k	$2.49 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	6.30 mm	+1.42 mm	+29.2%
STT State Street	2.62 mm	+1.15 mm	+78.8%
Millennium Management	913.64 k	+913.64 k	NEW
IVZ Invesco	3.92 mm	-908.45 k	-18.8%
Cresset Asset Management	492.43 k	+492.43 k	NEW
SailingStone Capital Partners	4.74 mm	+413.05 k	+9.5%
Geode Capital Management	1.66 mm	+305.93 k	+22.6%
Marshall Wace	30.12 k	-231.27 k	-88.5%
Connor, Clark & Lunn Investment Management	119.48 k	-173.92 k	-59.3%
Putnam Investments	0.00	-171.21 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NRGV insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Sep 23	Robert Piconi	Common Stock	Buy	Acquire P	No	No	2.975	49,915	148.50 k	14,187,395
13 Sep 23	Goncagul Icoren	Common Stock	Sell	Dispose S	No	Yes	3.09	7,500	23.18 k	661,199
11 Sep 23	Laurence Alexander	Common Stock	Payment of exercise	Dispose F	No	No	3.19	19,828	63.25 k	956,241
11 Sep 23	Goncagul Icoren	Common Stock	Payment of exercise	Dispose F	No	No	3.19	19,217	61.30 k	668,699
11 Sep 23	Akshay Ladwa	Common Stock	Payment of exercise	Dispose F	No	No	3.19	19,854	63.33 k	1,095,094

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

12 Industrials Stocks Moving In Monday's After-Market Session

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12 Industrials Stocks Moving In Friday's Intraday Session

Chardan Capital Reiterates Buy on Energy Vault Holdings, Maintains $7 Price Target

Energy Vault Holdings Q2 EPS $(0.18) Beats $(0.20) Estimate, Sales $39.68M Miss $55.30M Estimate

Press releases

From Benzinga Pro

Energy Vault to Present Full Suite of Sustainable Energy Storage Solutions at 2023 RE+ Conference

Company to showcase industry-leading portfolio of economic and sustainable solutions and product offerings engineered to increase the financial and environmental value of customers' energy assets Energy Vault

Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

Energy Vault Holdings, Inc. ("Energy Vault") (NYSE:NRGV), a global energy storage company today announced that on August 28, 2023, the Compensation Committee of Energy Vault's Board of Directors granted restricted stock

SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Energy Vault Holdings, Inc. and Encourages Long-Term NXU / NRGV Investors to Contact the Firm

Kaskela Law LLC announces that it is investigating Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault") on behalf of the company's long-term investors. Energy Vault develops and sells energy storage solutions. The

Energy Vault Reports Second Quarter 2023 Earnings Results

Energy Vault Announces Commencement of Commissioning of World's First EVx™ Gravity Energy Storage System

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