Energy Vault Holdings (NRGV) AI Stock Analysis

• Market Cap: $381.98M
• Dividend Yield: N/A
• Average Volume (3M): 2.63M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.52
• Revenue Growth: -82.87%
• EPS Growth: -59.38%
• Country: US
• Employees: 158
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): -0.12
• Shares Outstanding: 161,855,410
• 10 Day Avg. Volume: 2,456,979
• 30 Day Avg. Volume: 2,630,130
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.24
• Enterprise Value/Revenue: 1.80
• Enterprise Value/Gross Profit: 8.88
• Enterprise Value/Ebitda: -0.67
• 1Y Price Target: $1.85
• Price Target Upside: -40.51% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 54 Neutral
• Price Target: $2.00 ▼(-35.69% Downside)

Energy Vault Holdings' overall stock score is driven by strong technical indicators and positive earnings call sentiment, offset by significant financial challenges and valuation concerns. The company's strategic investments and revenue growth are promising, but profitability and cash flow issues remain critical risks.

Positive Factors

Strategic Equity Investment

The $300 million investment will enable significant capital expenditure for projects, enhancing long-term growth and stability through predictable EBITDA cash streams.

Revenue Backlog Increase

A growing revenue backlog indicates strong demand for Energy Vault's solutions, supporting future revenue growth and market position.

Project Acquisition

The acquisition enhances Energy Vault's presence in high-growth markets, leveraging long-term agreements to ensure stable revenue and profitability.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder long-term sustainability, as negative margins indicate challenges in covering operational costs.

Cash Flow Concerns

Negative cash flow limits the company's ability to reinvest in growth opportunities and manage financial obligations, impacting long-term viability.

Continued Losses

Continued losses reflect ongoing financial challenges, potentially affecting investor confidence and the ability to secure future funding.

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 makes money by designing, manufacturing, and selling its gravity-based energy storage systems to utility companies and renewable energy providers. The company's primary revenue streams come from the sales and installation of its Energy Vault Resiliency Centers, which help clients optimize their renewable energy usage and improve grid resiliency. Additionally, Energy Vault may engage in strategic partnerships with governments, corporations, and energy providers to expand its market reach and deploy its technology at a larger scale, contributing to its earnings through licensing agreements and long-term service contracts.

Energy Vault Holdings Financial Statement Overview

Summary

Energy Vault Holdings is facing significant financial challenges. Despite a 10.1% revenue growth, the company struggles with profitability, showing negative net profit and EBIT margins. Cash flow generation is also a concern, with negative operating cash flow and declining free cash flow growth. The balance sheet shows low leverage, but the negative return on equity highlights the need for strategic improvements.

Income Statement

Energy Vault Holdings shows a mixed performance in its income statement. The company has experienced a revenue growth rate of 10.1% in the TTM, indicating some positive momentum. However, profitability remains a significant challenge, with negative net profit margins and EBIT margins. The gross profit margin has improved to 20.2% in the TTM, but the company is still operating at a loss, which is a concern for long-term sustainability.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio is relatively low at 0.39, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is reasonable, showing that a significant portion of the company's assets is financed by equity.

Cash Flow

Cash flow analysis reveals challenges in cash generation. The operating cash flow is negative, and the free cash flow growth rate is declining. The free cash flow to net income ratio is positive, suggesting that the company is generating cash relative to its net losses, but overall cash flow remains a concern.

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

• Technical Analysis Sentiment: Positive
• Last Price: 3.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 3.11 is above the 20-day moving average (MA) of 2.07, above the 50-day MA of 1.55, and above the 200-day MA of 1.32, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 82.56 is Negative, neither overbought nor oversold. The STOCH value of 91.73 is Negative, 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
RNW	67 Neutral	2.76B	25.28	3.39%	―	33.19%	486.74%
FLNC	55 Neutral	1.71B	-35.23	-4.52%	―	14.26%	20.99%
NRGV	54 Neutral	$381.98M	―	-101.08%	―	-82.87%	-59.38%
WAVE	54 Neutral	49.77M	-16.50	-24.56%	―	-46.17%	-54.38%
NXXT	43 Neutral	209.70M	-0.39	-751.03%	―	92.43%	31.00%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

Energy Vault Holdings Corporate Events

Energy Vault Holdings Enters New Financing Arrangements

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.

Energy Vault Regains NYSE Compliance with Share Price Surge

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.

Energy Vault Secures $300M for Global Expansion

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.

Energy Vault Completes Stoney Creek BESS Acquisition

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.

Energy Vault Secures Major Battery Storage Contract

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.

Energy Vault Secures $18 Million for Texas BESS

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.

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.