Energy Vault Holdings, Inc.
NRGV · Price history
Price at last available close
$3.22
−$0.83 (-20.49%) 1M
2026-10-28
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Company & revenue
About Energy Vault Holdings, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion.
How they make money
Energy Vault generates revenue through the development, deployment, and operation of utility-scale energy storage systems. The company utilizes a Build, Own & Operate model to secure long-term, recurring revenue streams from utilities and industrial customers, alongside traditional project-based delivery and energy management services.
Products & services
The company provides an integrated power infrastructure platform featuring short-, long-, and multi-day duration energy storage solutions, including gravity-based storage technology and lithium-ion battery systems, supported by advanced energy management software.
Brands & revenue mix
The primary brand under which the company markets its energy storage and management infrastructure.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer concentration
The company has historically experienced customer concentration where a significant portion of revenue is derived from a limited number of large-scale utility or industrial projects, as disclosed in the 2025 annual filing.
Suppliers, materials & equipment
- Lithium-ion battery manufacturers — The company relies on various global suppliers for lithium-ion battery cells and related components used in its energy storage systems.Source
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 588.4% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
16
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
27
Poor
Financial Strength
18
Business Quality / Moat
39
Management
0
Growth Quality
65
Risk / Durability
22
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
37
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
45/100
Building Historical Record
Model Score 45/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Debt service risk
- •M&A headline · Sep 22, 2026
- •M&A headline · Sep 3, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for NRGV
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NRGV maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can NRGV fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is NRGV's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for NRGV to reach sustainable profitability?
- •What future growth or profitability would be needed to justify NRGV's current valuation?
Essential Investment Snapshot
Wall Street Score
16
Opportunity Score
37
Market Cap
$585.5M
P/E Ratio
-5.5
EPS
$-0.64
52-Week High
$6.65
52-Week Low
$2.50
Beta
1.25
Analyst Target
$7.00
Shares Outstanding
160.5M
Total Revenue
$225.9M
Total Debt
$245.0M
Dividend
No current dividend
Liquidation Value / Share
$0.20
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NRGV
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-8.8x). Earnings may be strained to cover interest expense.
M&A headline · Sep 22, 2026
Energy Vault Expands Asset Vault Platform with Portfolio Acquisition of Goshe Energy Storage, Adding More Than 2.3 GW of U.S. BESS Projects, Including 350 MW Ready to Build — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Sep 3, 2026
Energy Vault Accelerates 125 MW / 1 GWh Stoney Creek BESS Toward Construction with Full Project Land Acquisition Milestone in Australia — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GuruFocusM&A headline · Sep 3, 2026
Energy Vault Accelerates 125 MW / 1 GWh Stoney Creek BESS Toward Construction with Full Project Land Acquisition Milestone in Australia — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on NRGV.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary gravity-based energy storage technology.
- +Integrated software-driven energy management platform.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Electrical Equipment & Parts industry.
- −Fluctuations in global lithium-ion battery prices.
- −Dependence on successful execution of long-term project contracts.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
16
Oct 1, 2026
Change
+0.1
points
Current Score
16
Oct 8, 2026
Category Changes
NRGV increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
16
Projected Change
-0.4 points
Preliminary comparable-period financial changes suggest decline of approximately 0.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$3.22
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +340.9%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $225.9M | $203.7M | $46.2M | $341.5M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $177.3M | $155.7M | $40.0M | $324.0M | ···· | ···· | ···· | ···· |
| Gross Profit | $48.5M | $48.0M | $6.2M | $17.5M | ···· | ···· | ···· | ···· |
| Research & Development | $11.9M | $14.6M | $26.0M | $37.1M | ···· | ···· | ···· | ···· |
| SG&A Expenses | $100.6M | $94.9M | $78.8M | $86.3M | ···· | ···· | ···· | ···· |
| Operating Expenses | $122.7M | $122.4M | $136.2M | $124.3M | ···· | ···· | ···· | ···· |
| EBITDA | -$78.3M | -$81.7M | -$134.6M | -$97.9M | ···· | ···· | ···· | ···· |
| Operating Income | -$74.2M | -$74.4M | -$130.0M | -$106.7M | ···· | ···· | ···· | ···· |
| Interest Expense | $13.5M | $8.5M | $123K | $35K | ···· | ···· | ···· | ···· |
| Income Before Tax | -$103.6M | -$95.9M | -$135.7M | -$98.8M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $6.2M | $7.8M | $67K | -$349K | ···· | ···· | ···· | ···· |
| Net Income | -$109.7M | -$103.6M | -$135.8M | -$98.4M | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.65 | $-0.65 | $-0.91 | $-0.69 | ···· | ···· | ···· | ···· |
| Basic Shares | 178M | 161M | 150M | 143M | ···· | ···· | ···· | ···· |
| Diluted Shares | 178M | 161M | 150M | 143M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$17.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.18
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+588.4%
Cash Change
+334.5%
Margin Change
+239.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 104.1%. EPS declined 18.2%. Cash increased 334.5%. Total debt increased 588.4%. Net income margin improved by 239.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Electrical Equipment & PartsNews
Energy Vault Schedules Conference Call to Discuss Third Quarter 2026 Financial Results, Raises FY 2026 Revenue Guidance to the Top Half of the Previous Range
Energy Vault (NYSE:NRGV) Stock Price Down 6.7% – Time to Sell?
Energy Vault Secures New South Wales State Development Approval for 125 MW / 1 GWh Stoney Creek BESS, Clearing the Path for Construction Start
2G Energy Receives 275 MW Order from Energy Vault Holding Inc, (NYSE: NRGV) for U.S. AI Energy Infrastructure Solutions
Rumor Mill · NRGV
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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