Energy Vault (NRGV) CEO Piconi sells $9,835 in shares

Published 18/07/2025, 22:54
Energy Vault (NRGV) CEO Piconi sells $9,835 in shares

Energy Vault Holdings , Inc. (NASDAQ:NRGV), currently valued at $126.7 million market cap, has seen its stock decline over 60% in the past six months. Chief Executive Officer Robert Piconi sold 12,135 shares of common stock on July 18, 2025, at a price of $0.8105, for a total transaction value of $9,835. According to InvestingPro analysis, the company’s stock typically trades with high volatility and shows concerning cash burn rates.

Following the transaction, Piconi directly owns 20,032,526 shares of Energy Vault Holdings, Inc. common stock.

Additionally, Piconi indirectly owns 4,307,946 shares through the Piconi 2021 Delaware Trust and another 4,307,946 shares through the Piconi Family 2021 Delaware Trust, for which he serves as investment advisor.

In other recent news, Energy Vault Holdings Inc (NYSE:NRGV). reported its first-quarter 2025 earnings, showing a revenue increase of 10% year-over-year to $8.5 million. However, the company’s earnings per share fell short of expectations, coming in at -$0.14 compared to the forecasted -$0.12. Despite the earnings miss, Energy Vault maintained its 2025 revenue guidance, with hopes of potential upside from U.S. battery deliveries. Additionally, Energy Vault and Jupiter Power announced an agreement to supply a new 100 MW/200 MWh battery energy storage system to the Electric Reliability Council of Texas (ERCOT) region, set to become operational by the end of summer 2025. This project is part of an ongoing partnership between the two companies, which began in 2022. Energy Vault’s gross margin saw a significant improvement, rising to 57.1% from 26.7% the previous year. The company also highlighted a strategic 10-year, 30 GWh license agreement with India’s SPML Infra, signaling its expanding presence in the energy storage market. These developments reflect Energy Vault’s efforts to bolster its operational capabilities and strengthen its market position.

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