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WESTLAKE VILLAGE, CA— Energy Vault Holdings , Inc. (NYSE:NRGV) recently reported a stock transaction involving its Chief Engineering Officer, Akshay Ladwa. According to the filing, Ladwa sold 10,253 shares of common stock on February 7, 2025, at an average price of $1.6392 per share. This transaction amounted to a total value of approximately $16,806. The sale comes as the company’s stock has shown significant volatility, with a remarkable 106% surge over the past six months despite a 26% decline year-to-date.
Following the sale, Ladwa holds 1,447,349 shares of Energy Vault stock. The shares were sold to cover tax liabilities associated with the vesting of restricted stock units, as noted in the filing. According to InvestingPro analysis, Energy Vault maintains a strong liquidity position with a current ratio of 1.87, though the company faces challenges with rapid cash burn and weak profit margins. InvestingPro subscribers have access to 12 additional key insights about NRGV’s financial health and market position.
In other recent news, renewable energy storage solutions company, Energy Vault, reported a strong third quarter in 2024, characterized by growth and strategic advancements. The company reported a significant revenue backlog increase of over 33%, robust gross margins above 40%, and a decrease in operating expenses by 13% year-over-year. Energy Vault also announced the completion of the world’s largest hybrid green hydrogen energy storage system in Calistoga, California, a new 1-gigawatt hour project in Australia, and advancements in gravity energy storage technology.
Despite these positive developments, the company reported a net loss of $14.7 million, albeit with a 5% improvement from the previous quarter. However, Energy Vault is transitioning to a build, own, and operate model to enhance long-term shareholder value and anticipates a strong revenue ramp into 2025.
These are recent developments that highlight the company’s focus on innovation, operational efficiency, and expansion into new markets. Energy Vault’s projected annualized EBITDA for 2025 is between $50 million and $100 million from long-term agreements, signifying a promising outlook for the company.
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