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Energy Vault raises additional $20 million via debentures

Story Highlights
  • Energy Vault closed a second $20 million tranche of convertible debentures on December 16, 2025.
  • The $50 million debenture program features 7% interest, complex conversion and installment terms, and funds energy storage growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Energy Vault raises additional $20 million via debentures

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Energy Vault Holdings ( (NRGV) ) has issued an announcement.

On December 16, 2025, Energy Vault Holdings, Inc. completed a subsequent closing under its previously disclosed September 22, 2025 Securities Purchase Agreement with YA II PN, Ltd., issuing an additional $20 million in senior unsecured convertible debentures, bringing the total raised under the arrangement to $50 million. The new debentures, issued at 97% of principal with a 7% annual interest rate and maturing on March 22, 2027, feature a fixed conversion price of $7.53 per share, detailed installment payment mechanics beginning January 26, 2026, caps on the investor’s ownership and conversions, and enhanced payment obligations upon specified amortization events, with net proceeds earmarked to strengthen working capital and support the development, construction and growth of Energy Vault’s energy storage projects through a privately placed, unregistered offering.

The most recent analyst rating on (NRGV) stock is a Hold with a $4.50 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.

Energy Vault Holdings receives a moderate overall score driven by strong technical momentum and positive corporate events. However, significant profitability and valuation challenges weigh down the score. The company’s strategic advancements and sustainability leadership provide a positive outlook, but operational efficiency and cash flow management remain critical areas for improvement.

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

More about Energy Vault Holdings

Energy Vault Holdings, Inc. operates in the energy storage sector, focusing on the development, construction and investment in energy storage projects and related infrastructure, with proceeds from its financings directed toward general corporate working capital, project development, construction and broader growth initiatives in this market.

Average Trading Volume: 3,374,175

Technical Sentiment Signal: Buy

Current Market Cap: $788.6M

See more data about NRGV stock on TipRanks’ Stock Analysis page.

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