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Energy Vault Holdings ( (NRGV) ) has issued an announcement.
Energy Vault Holdings has amended its financing arrangements with YA II PN, Ltd., having originally issued $50 million in senior unsecured convertible debentures in three tranches between September 22 and December 30, 2025, and subsequently agreeing on February 9, 2026 to amended and restated debentures that provide greater covenant flexibility, enhanced call protection for the earliest tranche and a mandatory redemption of all outstanding principal upon completion of certain future debt financings unless waived by investors. On February 11, 2026, the company also updated its risk factors, business disclosures and balance sheet metrics, and released preliminary unaudited estimates indicating a sharp jump in 2025 revenue to $200 million–$205 million from $46.2 million in 2024, improved gross margins and a narrower net loss, with adjusted EBITDA for full-year 2025 still negative but turning positive in the fourth quarter, signaling progress toward profitability even as its results remain subject to audit adjustments.
The company expects fourth-quarter 2025 revenue of $150 million–$155 million versus $33.5 million a year earlier, with gross margins rising to an estimated 18%–22% from 8%, and net loss shrinking to a range of $22.1 million–$9.5 million compared with $61.8 million in the prior-year quarter. For the full year 2025, Energy Vault projects adjusted EBITDA between a loss of $26 million and $21 million, a substantial improvement from a $57.9 million loss in 2024, and anticipates that fourth-quarter adjusted EBITDA will swing to a $5 million–$10 million profit, underscoring operating leverage as its storage solutions scale despite continued overall losses and financing-related costs.
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 operates in the energy storage sector, offering a portfolio of turnkey storage platforms spanning proprietary gravity-based systems, battery solutions and green hydrogen technologies, all managed through a technology-agnostic software and integration platform. In 2024, the company began shifting from a pure build-and-transfer or licensing model toward also owning stakes in storage assets in select markets, aiming to leverage its project experience and global footprint to operate storage projects more efficiently for utilities, independent power producers and large industrial energy users.
Average Trading Volume: 3,140,001
Technical Sentiment Signal: Buy
Current Market Cap: $703M
Find detailed analytics on NRGV stock on TipRanks’ Stock Analysis page.