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Energy Vault Holdings
(NYSE:NRGV)
Energy Vault Holdings (NRGV) vs. SPDR S&P 500 ETF (SPY)
Energy Vault Holdings Business Overview & Revenue Model
Energy Vault Holdings Earnings Call Summary
Energy Vault Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.84M | 46.20M | 341.54M | 145.88M | 0.00 | 0.00 |
| Gross Profit | 18.99M | 6.19M | 17.53M | 59.30M | -2.44M | 0.00 |
| EBITDA | -128.80M | -134.56M | -97.86M | -69.38M | -28.89M | -14.45M |
| Net Income | -144.71M | -135.75M | -98.44M | -78.30M | -31.34M | -24.17M |
Balance Sheet | ||||||
| Total Assets | 281.88M | 183.89M | 340.75M | 416.71M | 125.29M | 30.38M |
| Cash, Cash Equivalents and Short-Term Investments | 32.70M | 30.02M | 109.92M | 203.04M | 105.13M | 10.05M |
| Total Debt | 62.46M | 1.36M | 1.86M | 1.55M | 1.36M | 2.16M |
| Total Liabilities | 201.33M | 57.63M | 116.96M | 129.00M | 193.96M | 7.97M |
| Stockholders Equity | 80.58M | 126.32M | 223.79M | 287.71M | -68.67M | 22.42M |
Cash Flow | ||||||
| Free Cash Flow | -75.10M | -114.71M | -123.09M | -25.66M | -22.24M | -18.45M |
| Operating Cash Flow | -33.90M | -55.86M | -92.66M | -23.35M | -22.07M | -16.70M |
| Investing Cash Flow | -43.44M | -58.74M | -42.54M | -13.32M | -1.17M | -1.75M |
| Financing Cash Flow | 62.61M | -252.00K | -5.48M | 217.77M | 116.38M | 15.64M |
Energy Vault Holdings Technical Analysis
Energy Vault Holdings Risk Analysis
Energy Vault Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | $2.76B | 26.52 | 7.64% | ― | 42.09% | 219.69% | |
50 Neutral | $40.37M | -14.35 | -54.43% | ― | -40.99% | -46.52% | |
49 Neutral | $560.42M | ― | -111.44% | ― | -35.99% | -46.51% | |
46 Neutral | $3.55B | ― | -10.72% | ― | -16.15% | -324.40% | |
45 Neutral | $159.94M | ― | ― | ― | 146.01% | 63.18% | |
37 Underperform | $123.85M | ― | -21.33% | ― | ― | 23.66% |
Energy Vault Holdings Corporate Events
Energy Vault Holdings, Inc. recently held its earnings call, showcasing a positive sentiment driven by substantial growth and strategic advancements. The company reported a significant increase in revenue and successfully launched its Asset Vault platform. Despite facing challenges in the macro environment, Energy Vault maintained strong financial results and continued its leadership in sustainability.
Energy Vault Holdings, Inc. is a company specializing in sustainable, grid-scale energy storage solutions, offering a range of technologies including battery, gravity, and green hydrogen storage systems. The company recently reported its third quarter 2025 financial results, showcasing significant growth and strategic advancements. Energy Vault’s contract revenue backlog reached $920 million, marking a 112% increase year-to-date. The company reported a revenue of $33.3 million for Q3 2025, a substantial improvement from the previous year, largely due to projects in Australia and new revenue streams from its Asset Vault projects in the U.S. Additionally, the company’s GAAP gross profit rose significantly to $9.0 million, with a gross margin of 27.0%. Energy Vault also narrowed its adjusted EBITDA loss by 59% to $6.0 million compared to the prior year. The company closed a $300 million preferred equity agreement with OIC for its Asset Vault business and acquired a 150 MW project in Texas, expanding its portfolio to 340 MW under operation and construction. Looking ahead, Energy Vault reaffirms its full-year 2025 guidance and is well-positioned for growth in 2026 and beyond, with expectations to continue increasing its cash balance and leveraging its strong backlog for future projects.
On October 29, 2025, Energy Vault Holdings, Inc. conducted a virtual Analyst and Investor Day, where they presented forward-looking statements about the company’s future operations and financial performance. The event highlighted the company’s strategic plans and the importance of energy storage in supporting global power demands, emphasizing the role of their solutions in addressing the challenges posed by the variability of renewable energy sources.
The most recent analyst rating on (NRGV) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.
On October 23, 2025, Energy Vault Holdings announced the acquisition of a 150 MW/300 MWh battery energy storage project in Madison County, Texas, marking the first project under its Asset Vault platform. This acquisition, supported by a $300 million investment from Orion Infrastructure Capital, is expected to generate $17-20 million in annual revenue and enhance Energy Vault’s position in the U.S. energy storage market, contributing to a total of 340 MW in operation globally and a development pipeline of 3.5 GW.
The most recent analyst rating on (NRGV) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.
On October 9, 2025, Energy Vault Holdings Inc. announced the closing of a $300 million preferred equity investment with Orion Infrastructure Capital (OIC), launching the ‘Asset Vault’ platform. This joint venture aims to develop, build, own, and operate energy storage assets globally, enhancing Energy Vault’s position as an Independent Power Producer. The partnership is expected to accelerate the deployment of over 1.5GW of energy storage projects in high-growth markets, with the platform projected to generate over $100 million in recurring annual EBITDA within the next 3-4 years. This strategic move consolidates Energy Vault’s portfolio of storage projects, leveraging its operational expertise to create a vertically integrated ecosystem that captures value across the energy storage lifecycle.
The most recent analyst rating on (NRGV) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.
On September 22, 2025, Energy Vault Holdings entered into a Securities Purchase Agreement with YA II PN, Ltd. to issue and sell up to $50 million in senior unsecured convertible debentures. This funding will be used for corporate working capital and to support the development and construction of energy storage projects. The agreement provides financial flexibility for Energy Vault to continue its growth in energy storage project development and execution, complementing a recently announced $300 million preferred equity investment. The company aims to expand its portfolio of energy storage projects, including operational facilities in Texas and California, and a 1 GWh project in Australia. This strategic move supports Energy Vault’s independent power producer strategy, ensuring project monetization and high-margin, contracted cash flows.
The most recent analyst rating on (NRGV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.
Between August 29, 2025, and September 5, 2025, Energy Vault Holdings, Inc. entered into Financing Arrangements with Cedar Advance LLC, Reliance Financial FL LLC, and UFS West LLC, selling future receivables ranging from $7.63 million to $9.45 million for a purchase price of $7.50 million. The company received $6.75 million after fees, with repayment terms affecting the total future receivables amount. This strategic financial move could impact Energy Vault’s cash flow management and operational flexibility, potentially influencing its market positioning and stakeholder relations.
The most recent analyst rating on (NRGV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.
Energy Vault Holdings, Inc. announced on September 3, 2025, that it has regained compliance with the New York Stock Exchange’s continued listing criteria, following a notice of non-compliance received on April 16, 2025. The company achieved this by maintaining an average share price above $1.00 over a consecutive 30-day trading period, reflecting a 114% increase, which positively impacts its market positioning and stakeholder confidence.
The most recent analyst rating on (NRGV) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Energy Vault Holdings stock, see the NRGV Stock Forecast page.
Energy Vault Holdings, Inc. recently held its earnings call, revealing a generally positive sentiment despite some ongoing challenges. The company celebrated significant accomplishments such as a major equity investment, substantial revenue backlog growth, and successful project completions. These positive developments and strategic advancements were highlighted as outweighing the setbacks like the adjusted EBITDA loss and tariff disputes.