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Energy Vault Announces $125 Million Convertible Notes Offering

Story Highlights
  • Energy Vault plans a $125 million private convertible notes offering, plus a $25 million option, to institutional buyers for maturity in 2031.
  • Proceeds will fund capped call costs, partial redemption of existing debentures and general corporate needs, while hedging activity may affect share and note prices.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Energy Vault Announces $125 Million Convertible Notes Offering

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The latest announcement is out from Energy Vault Holdings ( (NRGV) ).

On February 11, 2026, Energy Vault announced a proposed private offering of $125 million in convertible senior notes due 2031 to qualified institutional buyers under Rule 144A, with an option for initial purchasers to buy an additional $25 million. The senior unsecured notes, which pay semiannual interest and may be settled in cash, stock or a combination upon conversion, are expected to support debt reduction, capped call costs and general corporate purposes, including further growth initiatives, while associated capped call transactions are designed to limit equity dilution and could introduce trading volatility as counterparties hedge their exposure.

The most recent analyst rating on (NRGV) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.

Spark’s Take on NRGV Stock

According to Spark, TipRanks’ AI Analyst, NRGV is a Neutral.

The score is held back primarily by weak financial performance (severe losses, negative ROE, and negative operating cash flow) and loss-driven valuation (negative P/E, no dividend). Offsetting these are strong technical uptrend signals and an upbeat earnings call featuring rapid revenue growth, improving margins, a growing backlog, and maintained full-year guidance.

To see Spark’s full report on NRGV stock, click here.

More about Energy Vault Holdings

Energy Vault Holdings, Inc., based in Westlake Village, Calif., develops, deploys and operates utility-scale energy storage solutions, including proprietary battery, gravity and green hydrogen technologies. Its technology-agnostic software platform underpins customized short-, long- and multi-day storage systems for utilities, independent power producers and large industrial users, and since 2024 it has pursued an “own and operate” model to build recurring, high-margin tolling revenues in the energy storage infrastructure market.

Average Trading Volume: 3,140,001

Technical Sentiment Signal: Buy

Current Market Cap: $703M

For an in-depth examination of NRGV stock, go to TipRanks’ Overview page.

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