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Energy Vault Holdings , Inc. NASDAQ:NRGV Chief Financial Officer Michael Thomas Beer, sold 33,897 shares of common stock on July 18, 2025, at a price of $0.8105, for a total transaction value of $27,473. The stock, which has declined over 60% in the past six months and trades significantly below its 52-week high of $2.69, is currently considered undervalued according to InvestingPro analysis.
Following the transaction, Beer directly owns 1,266,103 shares of Energy Vault Holdings, Inc.
The sale was executed to cover the reporting person’s tax liability on vesting of restricted stock units.
In other recent news, Energy Vault Holdings Inc (NYSE:NRGV). reported its first-quarter 2025 earnings, highlighting a 10% increase in revenue to $8.5 million year-over-year. However, the company’s earnings per share fell short of expectations, coming in at -$0.14 compared to the forecasted -$0.12. Despite this earnings miss, Energy Vault maintains its 2025 revenue guidance, with potential upside from U.S. battery deliveries. The company’s gross margin showed significant improvement, rising to 57.1% from 26.7% the previous year. Energy Vault also announced a new agreement with Jupiter Power to supply a 100 MW/200 MWh battery energy storage system to the ERCOT region in Texas. This collaboration aims to enhance grid resiliency and is expected to be operational by the end of summer 2025. Additionally, Energy Vault has signed a 10-year, 30 GWh license agreement with India’s SPML Infra, expanding its presence in the energy storage market. The company also successfully commissioned its first owned energy storage assets in Texas and California, marking a key milestone in its operational capabilities.
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