Energy Vault Holdings (NRGV) AI Stock Analysis

• Market Cap: $121.82M
• Dividend Yield: N/A
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.10
• Revenue Growth: -86.10%
• EPS Growth: -49.68%
• Country: US
• Employees: 158
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): -0.08
• Shares Outstanding: 156,044,300
• 10 Day Avg. Volume: 3,018,673
• 30 Day Avg. Volume: 1,735,872
• PEG Ratio: 0.07
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.98
• Enterprise Value/Market Cap: 2.78
• Enterprise Value/Revenue: 0.64
• Enterprise Value/Gross Profit: 37.68
• Enterprise Value/Ebitda: -0.75
• 1Y Price Target: $2.00
• Price Target Upside: 135.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 51 Neutral
• Price Target: $1.00 ▲(17.65%Upside)

Energy Vault Holdings' overall stock score reflects significant financial and valuation challenges, which are partially offset by positive corporate developments and strategic progress. The company's ongoing financial struggles weigh heavily on its score, despite promising project execution and international expansion.

Positive Factors

Backlog Growth

Solid booking progress, with current backlog at $660 million, up approximately 90% from 3Q24.

Project Acquisition

Energy Vault acquired the 1GWh Stoney Creek project, which includes a long-term service agreement.

Negative Factors

Financial Performance

FY24 results were below prior guidance due to lower lithium-ion battery prices and timing of gravity license revenue recognition.

Revenue Guidance

FY25 revenue guidance was below expectations as the company continues to be affected by lower battery prices and shifts towards the 'Own & Operate' model.

Energy Vault Holdings Business Overview & Revenue Model

Company Description

Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.

How the Company Makes Money

Energy Vault Holdings generates revenue primarily through the sale and deployment of its proprietary energy storage systems, including the Energy Vault Resiliency Center. The company enters into contracts with utility companies, renewable energy providers, and industrial clients who require efficient and scalable energy storage solutions. Revenue is also derived from service agreements for maintenance and operational support of deployed systems. Significant partnerships with energy infrastructure companies and governmental entities also contribute to its earnings by expanding market reach and facilitating large-scale projects.

Energy Vault Holdings Financial Statement Overview

Summary

Energy Vault Holdings faces significant financial challenges, particularly in maintaining profitability and positive cash flows. While revenue is growing modestly, consistent operating losses and significant negative cash flows highlight financial instability. The balance sheet shows moderate leverage but negative return on equity due to net losses.

Income Statement

Energy Vault Holdings has shown some improvement in revenue with a slight growth from $46.2 million to $46.9 million in the TTM, but the consistent operating losses remain a concern. The gross profit margin is low at 19.15% for TTM, and the net profit margin is negative due to significant net losses. EBIT and EBITDA margins are also deeply negative, indicating ongoing operational challenges.

Balance Sheet

The company's balance sheet shows a reasonable equity ratio of 52.85% for TTM, indicating a moderate level of financial stability. However, the debt-to-equity ratio has increased to 0.23, which is not alarming but suggests rising leverage. The return on equity is negative due to net losses, which is a significant downside.

Cash Flow

Energy Vault Holdings' cash flow situation is challenging, with a significant negative free cash flow of $116.4 million in TTM. The operating cash flow to net income ratio is unfavorable, reflecting inefficient cash management. Free cash flow growth is negative, indicating cash flow issues that need addressing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	46.97M	46.20M	341.54M	145.88M	0.00	0.00
Gross Profit	8.99M	6.19M	17.53M	59.30M	-1.25M	0.00
EBITDA	-134.36M	-134.56M	-97.86M	-69.38M	-28.89M	-1.10K
Net Income	-135.75M	-135.75M	-98.44M	-78.30M	-31.34M	-24.17M
Balance Sheet
Total Assets	217.44M	183.89M	340.75M	416.71M	125.29M	30.38M
Cash, Cash Equivalents and Short-Term Investments	17.82M	27.09M	109.92M	203.04M	105.13M	10.05M
Total Debt	26.19M	1.36M	1.86M	1.55M	1.36M	2.16M
Total Liabilities	102.53M	57.63M	116.96M	129.00M	193.96M	70.01M
Stockholders Equity	114.91M	126.32M	223.79M	287.71M	-68.67M	-39.63M
Cash Flow
Free Cash Flow	-116.41M	-114.71M	-123.09M	-25.66M	-22.24M	-18.45M
Operating Cash Flow	-59.54M	-55.86M	-92.66M	-23.35M	-22.07M	-16.70M
Investing Cash Flow	-57.28M	-58.74M	-42.54M	-13.32M	-1.17M	-1.75M
Financing Cash Flow	27.49M	-252.00K	-5.48M	217.77M	116.38M	15.64M

Energy Vault Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.85
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRGV, the sentiment is Positive. The current price of 0.85 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.83, and below the 200-day MA of 1.31, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 52.48 is Neutral, neither overbought nor oversold. The STOCH value of 53.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NRGV.

Energy Vault Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMPS	73 Outperform	$800.50M	23.35	0.29%	―	26.49%	―
Sector *	67 Neutral	$16.39B	16.97	4.47%	3.56%	4.77%	6.10%
RNW	65 Neutral	$2.47B	46.51	4.18%	―	-1.77%	-41.65%
FLNC	59 Neutral	$1.36B	236.42	-5.96%	―	6.08%	52.48%
NXXT	54 Neutral	$326.63M	―	-9999.00%	―	52.34%	10.37%
NRGV	51 Neutral	$121.82M	―	-82.96%	―	-86.10%	-49.68%
WAVE	48 Neutral	$37.77M	―	-27.32%	―	-46.17%	-18.67%

Energy Vault Holdings Corporate Events

Energy Vault Launches Cross Trails Battery System

On June 11, 2025, Energy Vault Holdings announced the successful completion and commercial operation of the 57 MW two-hour Cross Trails battery energy storage system (BESS) in Scurry County, Texas. This project, completed ahead of schedule, marks the first asset under Energy Vault’s ‘Own & Operate’ growth strategy, supported by a 10-year offtake agreement with Gridmatic. The Cross Trails BESS provides energy and ancillary services to enhance renewable energy production and grid resiliency in the ERCOT region. The project leverages Energy Vault’s second-generation B-VAULT™ AC system and VaultOS™ Energy Management System, demonstrating the company’s ability to execute complex energy storage deployments efficiently. This milestone reflects Energy Vault’s strategic vision and expertise in designing, building, and operating energy storage assets, further strengthening its position in the energy storage asset infrastructure market.

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.

Energy Vault Expands Battery Storage with Jupiter Power

On June 4, 2025, Energy Vault Holdings announced an agreement with Jupiter Power to supply an additional 100 MW/200 MWh battery energy storage system in the ERCOT region, following a successful deployment in 2024. This expansion aims to enhance grid resiliency and is part of a broader partnership to decarbonize the grid, leveraging Energy Vault’s innovative technology and management systems.

The most recent analyst rating on (NRGV) stock is a Buy 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 Holds Annual Stockholders Meeting

On May 30, 2025, Energy Vault Holdings, Inc. conducted its Annual Meeting of Stockholders where key decisions were made. The election of Class I Directors resulted in Larry Paulson and Mary Beth Mandanas receiving significant votes, while the appointment of BDO USA, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with overwhelming support.

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.