BlackRock Inc. invested in Energy Vault Holdings, Inc. during the second quarter. It acquired 11,179,762 shares. This purchase gives BlackRock a 6.27% stake in the energy storage company. The position is valued at approximately $52.66 million.
BlackRock's significant position indicates strong institutional interest in Energy Vault's growth prospects. The investment follows Energy Vault's recent positive earnings report. Energy Vault raised its full-year 2026 revenue guidance in that report.