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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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $571.35M | ― | -101.08% | ― | -82.87% | -59.38% | |
62 Neutral | $2.74B | 25.08 | 8.27% | ― | 33.19% | 486.74% | |
62 Neutral | $3.79B | ― | -4.45% | ― | 14.26% | 20.99% | |
50 Neutral | $40.37M | -14.35 | -43.16% | ― | -46.17% | -54.38% | |
41 Neutral | $224.77M | -0.42 | ― | ― | 92.43% | 31.00% | |
37 Underperform | $149.24M | ― | -19.15% | ― | ― | 10.88% |
Energy Vault Holdings Corporate Events
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.
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.
Energy Vault Holdings, Inc., a leader in sustainable, grid-scale energy storage solutions, develops and deploys utility-scale energy storage technologies, including gravity-based, battery, and green hydrogen energy storage systems.
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.