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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 | 51.72M | 46.20M | 341.54M | 145.88M | 0.00 | 0.00 |
| Gross Profit | 10.46M | 6.19M | 17.53M | 59.30M | -2.44M | 0.00 |
| EBITDA | -138.35M | -134.56M | -97.86M | -69.38M | -28.89M | -14.45M |
| Net Income | -144.49M | -135.75M | -98.44M | -78.30M | -31.34M | -24.17M |
Balance Sheet | ||||||
| Total Assets | 248.83M | 183.89M | 340.75M | 416.71M | 125.29M | 30.38M |
| Cash, Cash Equivalents and Short-Term Investments | 21.42M | 30.02M | 109.92M | 203.04M | 105.13M | 10.05M |
| Total Debt | 35.59M | 1.36M | 1.86M | 1.55M | 1.36M | 2.16M |
| Total Liabilities | 158.53M | 57.63M | 116.96M | 129.00M | 193.96M | 70.01M |
| Stockholders Equity | 90.30M | 126.32M | 223.79M | 287.71M | 114.04M | -39.63M |
Cash Flow | ||||||
| Free Cash Flow | -84.38M | -114.71M | -123.09M | -25.66M | -22.24M | -18.45M |
| Operating Cash Flow | -31.39M | -55.86M | -92.66M | -23.35M | -22.07M | -16.70M |
| Investing Cash Flow | -55.24M | -58.74M | -42.54M | -13.32M | -1.17M | -1.75M |
| Financing Cash Flow | 31.53M | -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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $2.73B | 50.54 | 8.27% | ― | 33.19% | 486.74% | |
66 Neutral | ¥379.87B | 6.99 | 9.30% | 2.60% | 3.14% | -4.97% | |
55 Neutral | $44.98M | ― | -27.32% | ― | -46.17% | -18.67% | |
54 Neutral | $231.45M | ― | -101.08% | ― | -82.87% | -59.38% | |
54 Neutral | $1.34B | 236.42 | -4.45% | ― | 14.26% | 20.99% | |
40 Underperform | $158.73M | ― | -9999.00% | ― | 52.34% | 10.37% |
Energy Vault Holdings Corporate Events
On August 7, 2025, Energy Vault Holdings announced an exclusive agreement for a $300 million preferred equity investment to launch ‘Asset Vault,’ a subsidiary dedicated to developing, building, owning, and operating energy storage assets globally. This investment, from a leading infrastructure fund, is expected to enable over $1 billion in capital expenditure for 1.5 GW of projects across the U.S., Australia, and Europe, accelerating Energy Vault’s IPP strategy. The initiative aims to generate $100 million+ in annual EBITDA within 3-4 years, leveraging long-term contracts and Energy Vault’s operational expertise to enhance project returns and shareholder alignment.
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.
On August 7, 2025, Energy Vault Holdings announced the completion of its acquisition of the 125 MW/1,000 MWh Stoney Creek Battery Energy Storage System (BESS) in Northern New South Wales, Australia. This acquisition marks Energy Vault’s first project in Australia under its ‘Own & Operate’ portfolio, reinforcing its commitment to supporting Australia’s energy transition. The Stoney Creek BESS, supported by a 14-year offtake agreement, is expected to enhance grid reliability and flexibility, contributing approximately $30 million in annual EBITDA for over 15 years. This strategic move underscores Energy Vault’s focus on expanding in high-growth markets with favorable regulatory environments, leveraging its proprietary VaultOS™ platform and B-VAULT™ technology to optimize performance and profitability.
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.
On August 5, 2025, Energy Vault Holdings announced a contract with Consumers Energy to supply two battery energy storage systems (BESS) totaling 75 MW/300 MWh in Michigan’s Iosco and Bay Counties. This agreement marks Energy Vault’s expansion into the Eastern U.S. utility market and is expected to enhance grid reliability and support Michigan’s energy demand with renewable energy. The project is set to begin construction in Q1 2026 and commence commercial operations by Q4 2026, showcasing Energy Vault’s commitment to sustainable energy and grid resilience.
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.
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.
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.
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.
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.