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An announcement from Energy Vault Holdings ( (NRGV) ) is now available.
On July 23, 2025, Energy Vault Holdings announced the successful close of $18 million in project financing for its Cross Trails battery energy storage system (BESS), which serves the Texas ERCOT market. The financing supports the company’s ‘Own & Operate’ strategy and is expected to generate a levered IRR of approximately 15%. The Cross Trails BESS, which began commercial operations in June 2025, is backed by a 10-year offtake agreement with Gridmatic and is the first deployment of Energy Vault’s second-generation B-VAULT™ AC product. This project financing follows the company’s earlier $28 million financing for the Calistoga Resiliency Center in California and the acquisition of the Stoney Creek BESS in Australia, further demonstrating Energy Vault’s ability to attract premium financing partners and build a diversified portfolio of energy storage assets.
The most recent analyst rating on (NRGV) stock is a Buy with a $2.50 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 faces significant financial challenges with ongoing losses and cash flow issues, weighing heavily on its score. Despite technical momentum and positive corporate events, the valuation and financial stability concerns are predominant. The positive earnings call and strategic agreements provide some optimism for future growth.
To see Spark’s full report on NRGV stock, click here.
More about Energy Vault Holdings
Energy Vault Holdings Inc. is a leader in sustainable, grid-scale energy storage solutions. The company develops, deploys, and operates utility-scale energy storage technologies, including proprietary battery, gravity, and green hydrogen systems. These solutions are designed to support various customer use cases by delivering safe and reliable energy system dispatching and optimization. Energy Vault’s technology portfolio offers customized short, long, and multi-day/ultra-long duration energy storage solutions aimed at reducing energy costs while maintaining power reliability. Since 2024, the company has been executing an ‘Own & Operate’ asset management strategy to generate predictable, recurring, and high-margin revenue streams, positioning itself for growth in the energy storage asset infrastructure market.
Average Trading Volume: 1,631,031
Technical Sentiment Signal: Hold
Current Market Cap: $206M
See more insights into NRGV stock on TipRanks’ Stock Analysis page.