NRGV Chart
About

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in United States, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; B-Nest, a structure designed to house batteries for onsite energy storage serving space-constrained project sites; 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 that manages one or more energy storage mediums and the underlying generation assets; Vault-Bidder, which utilizes machine learning algorithms to match node-specific data with real-time weather and asset performance information; and Vault-Manager, which safeguards asset management and to help blend developing technologies. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.

Fundamentals
Scroll to Statements
Sector Utilities Industry Utilities - Renewable Market Cap 518.47M
Enterprise Value 531.02M Income -144.71M Sales 83.84M
Book/sh 0.48 Cash/sh 0.20 Dividend Yield —
Payout 0.00% Employees 158 IPO —
P/E — Forward P/E -19.94 PEG —
P/S 6.18 P/B 6.38 P/C —
EV/EBITDA -4.64 EV/Sales 6.33 Quick Ratio 0.27
Current Ratio 0.63 Debt/Eq 79.12 LT Debt/Eq —
EPS (ttm) -0.93 EPS next Y -0.15 EPS Growth —
Revenue Growth 26.79% Earnings 2026-03-17 ROA -27.17%
ROE -111.52% ROIC — Gross Margin 22.65%
Oper. Margin -52.77% Profit Margin -172.61% Shs Outstand 167.79M
Shs Float 118.33M Short Float 5.97% Short Ratio 2.61
Short Interest — 52W High 6.35 52W Low 0.60
Beta 0.91 Avg Volume 3.38M Volume 2.29M
Target Price $3.65 Recom Buy Prev Close $2.98
Price $3.09 Change 3.69%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.65
Mean price target
2. Current target
$3.09
Latest analyst target
3. DCF / Fair value
$0.14
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.09
Low
$1.75
High
$5.19
Mean
$3.65

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-12 main Goldman Sachs Sell → Sell $2
2025-10-08 main Goldman Sachs Sell → Sell $2
2025-03-20 main Roth MKM Buy → Buy $2
2025-03-19 main Goldman Sachs Sell → Sell $1
2024-11-13 reit TD Cowen Buy → Buy $3
2024-08-08 main Roth MKM Buy → Buy $2
2024-05-13 main TD Cowen Buy → Buy $4
2024-04-30 main Stifel Buy → Buy $3
2024-04-05 down Chardan Capital Buy → Sell $1
2024-03-22 main Goldman Sachs Sell → Sell $2
2024-03-18 reit Chardan Capital Buy → Buy $7
2024-01-16 init Roth MKM — → Buy $4
2023-08-09 reit Chardan Capital Buy → Buy $7
2023-08-02 reit Chardan Capital Buy → Buy $7
2023-04-19 main Goldman Sachs — → Sell $2
2023-03-30 main Goldman Sachs — → Sell $2
2023-03-09 main Goldman Sachs — → Sell $3
2023-03-09 main Chardan Capital — → Buy $7
2023-03-08 main TD Cowen — → Outperform $7
2023-01-20 main Goldman Sachs — → Sell $3
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 400000 — — Stock Award(Grant) at price 0.00 per share. BEER MICHAEL THOMAS Chief Financial Officer — 2026-01-30 00:00:00 D
1 3000000 16950000 — Sale at price 5.65 per share. SOFTBANK VISION FUND AIV M2 L.P. Beneficial Owner of more than 10% of a Class of Security — 2026-01-15 00:00:00 I
2 50000 245540 — Sale at price 4.91 per share. BEER MICHAEL THOMAS Chief Financial Officer — 2025-12-23 00:00:00 D
3 10000 29958 — Purchase at price 3.00 per share. PICONI ROBERT ALLEN Chief Executive Officer — 2025-11-14 00:00:00 D
4 50000 — — Stock Gift at price 0.00 per share. LADWA AKSHAY Chief Operating Officer — 2025-10-15 00:00:00 D
5 150000 456225 — Sale at price 2.98 - 3.11 per share. LADWA AKSHAY Chief Operating Officer — 2025-09-25 00:00:00 D
6 75000 242625 — Sale at price 3.24 per share. LADWA AKSHAY Chief Operating Officer — 2025-09-23 00:00:00 D
7 17500 52874 — Purchase at price 3.02 per share. PICONI ROBERT ALLEN Chief Executive Officer — 2025-09-19 00:00:00 D
8 20000 47998 — Purchase at price 2.40 per share. PAULSON LARRY M. Director — 2025-09-18 00:00:00 D
9 50000 115120 — Purchase at price 2.30 per share. PICONI ROBERT ALLEN Chief Executive Officer — 2025-09-17 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.00-4.43M-735.48K
TaxRateForCalcs0.000.000.210.27
NormalizedEBITDA-122.50M-97.86M-49.04M-26.29M
TotalUnusualItems-12.07M0.00-21.08M-2.72M
TotalUnusualItemsExcludingGoodwill-12.07M0.00-21.08M-2.72M
NetIncomeFromContinuingOperationNetMinorityInterest-135.75M-98.44M-78.30M-31.34M
ReconciledDepreciation1.06M893.00K7.74M2.32M
ReconciledCostOfRevenue40.01M324.01M86.58M0.00
EBITDA-134.56M-97.86M-70.13M-29.01M
EBIT-135.62M-98.76M-77.87M-31.33M
NetInterestIncome5.41M8.12M3.69M-7.00K
InterestExpense123.00K35.00K2.00K7.00K
InterestIncome5.54M8.15M3.69M
NormalizedIncome-123.68M-98.44M-61.64M-29.35M
NetIncomeFromContinuingAndDiscontinuedOperation-135.75M-98.44M-78.30M-31.34M
TotalExpenses175.86M448.28M206.13M26.81M
TotalOperatingIncomeAsReported-130.00M-106.74M-63.08M-29.54M
DilutedAverageShares149.85M142.85M123.24M133.63M
BasicAverageShares149.85M142.85M123.24M133.63M
DilutedEPS-0.91-0.69-0.64-0.23
BasicEPS-0.91-0.69-0.64-0.23
DilutedNIAvailtoComStockholders-135.75M-98.44M-78.30M-31.34M
NetIncomeCommonStockholders-135.75M-98.44M-78.30M-31.34M
NetIncome-135.75M-98.44M-78.30M-31.34M
MinorityInterests63.00K0.00
NetIncomeIncludingNoncontrollingInterests-135.81M-98.44M-78.30M-31.34M
NetIncomeContinuousOperations-135.81M-98.44M-78.30M-31.34M
TaxProvision67.00K-349.00K427.00K1.00K
PretaxIncome-135.75M-98.79M-77.87M-31.34M
OtherIncomeExpense-11.50M-173.00K-21.31M-4.52M
OtherNonOperatingIncomeExpenses566.00K-173.00K-226.00K-1.79M
SpecialIncomeCharges-12.07M0.00-23.41M-2.72M
WriteOff11.73M0.002.83M2.72M
ImpairmentOfCapitalAssets336.00K0.002.83M2.72M
RestructuringAndMergernAcquisition0.0020.59M0.00
GainOnSaleOfSecurity2.33M
NetNonOperatingInterestIncomeExpense5.41M8.12M3.69M-7.00K
InterestExpenseNonOperating123.00K35.00K2.00K7.00K
InterestIncomeNonOperating5.54M8.15M3.69M
OperatingIncome-129.66M-106.74M-60.26M-26.81M
OperatingExpense135.85M124.27M119.55M26.81M
ProvisionForDoubtfulAccounts29.98M150.00K
DepreciationAmortizationDepletionIncomeStatement1.06M893.00K7.74M
DepreciationAndAmortizationInIncomeStatement1.06M893.00K7.74M
ResearchAndDevelopment26.00M37.10M42.60M7.91M
SellingGeneralAndAdministration78.81M86.12M69.20M18.90M
SellingAndMarketingExpense15.84M18.21M12.58M845.00K
GeneralAndAdministrativeExpense62.97M67.91M56.62M18.06M
OtherGandA62.97M67.91M56.62M18.06M
GrossProfit6.19M17.53M59.30M0.00
CostOfRevenue40.01M324.01M86.58M0.00
TotalRevenue46.20M341.54M145.88M0.00
OperatingRevenue46.20M341.54M145.88M0.00
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber153.21M146.58M138.53M133.63M
ShareIssued153.21M146.58M138.53M133.63M
TotalDebt1.36M1.86M1.55M1.36M
TangibleBookValue121.78M222.01M287.71M-68.67M
InvestedCapital126.32M223.79M287.71M-68.67M
WorkingCapital14.25M167.73M264.74M103.32M
NetTangibleAssets121.78M222.01M287.71M-68.67M
CapitalLeaseObligations1.36M1.86M1.55M1.36M
CommonStockEquity126.32M223.79M287.71M-68.67M
TotalCapitalization126.32M223.79M287.71M-68.67M
TotalEquityGrossMinorityInterest126.26M223.79M287.71M-68.67M
MinorityInterest-63.00K0.00
StockholdersEquity126.32M223.79M287.71M-68.67M
GainsLossesNotAffectingRetainedEarnings-1.90M-1.42M-888.00K-413.00K
OtherEquityAdjustments-1.90M-1.42M-888.00K-413.00K
RetainedEarnings-383.82M-248.07M-147.26M-68.97M
AdditionalPaidInCapital512.02M473.27M435.85M713.00K
CapitalStock15.00K15.00K14.00K0.00
CommonStock15.00K15.00K14.00K0.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest57.63M116.96M129.00M193.96M
TotalNonCurrentLiabilitiesNetMinorityInterest2.98M5.11M3.68M186.62M
PreferredSecuritiesOutsideStockEquity0.00182.71M
DerivativeProductLiabilities2.00K2.00K2.00K0.00
NonCurrentAccruedExpenses924.00K0.00
NonCurrentDeferredLiabilities2.04M2.99M2.39M2.23M
NonCurrentDeferredRevenue0.001.50M1.50M1.50M
LongTermDebtAndCapitalLeaseObligation866.00K1.14M725.00K696.00K
LongTermCapitalLeaseObligation866.00K1.14M725.00K696.00K
LongTermProvisions66.00K976.00K560.00K978.00K
CurrentLiabilities54.66M111.85M125.32M7.34M
CurrentDeferredLiabilities8.94M4.92M49.43M0.00
CurrentDeferredRevenue8.94M4.92M49.43M0.00
CurrentDebtAndCapitalLeaseObligation499.00K724.00K825.00K660.00K
CurrentCapitalLeaseObligation499.00K724.00K825.00K660.00K
PensionandOtherPostRetirementBenefitPlansCurrent4.02M5.99M8.71M3.76M
CurrentProvisions1.34M894.00K
PayablesAndAccruedExpenses39.86M99.33M66.35M2.93M
CurrentAccruedExpenses17.26M77.43M1.87M948.00K
Payables22.60M21.90M64.48M1.98M
TotalTaxPayable2.35M733.00K4.17M0.00
AccountsPayable20.25M21.16M60.31M1.98M
TotalAssets183.89M340.75M416.71M125.29M
TotalNonCurrentAssets114.98M61.17M26.65M14.63M
OtherNonCurrentAssets2.30M1.07M1.79M521.00K
NonCurrentNoteReceivables3.33M8.99M8.26M654.00K
NonCurrentAccountsReceivable850.00K550.00K8.26M
FinancialAssets0.001.02M1.02M350.00K
InvestmentsAndAdvances3.27M15.00M11.08M0.00
InvestmentinFinancialAssets3.27M15.00M9.00M0.00
AvailableForSaleSecurities3.27M15.00M9.00M
GoodwillAndOtherIntangibleAssets4.54M1.79M0.00
OtherIntangibleAssets4.54M1.79M
NetPPE100.70M32.74M4.49M13.11M
AccumulatedDepreciation-3.35M-1.75M-403.00K-2.40M
GrossPPE104.05M34.49M4.89M15.50M
Leases71.00K702.00K529.00K179.00K
ConstructionInProgress88.67M20.09M1.27M0.00
OtherProperties1.21M1.70M1.44M12.46M
MachineryFurnitureEquipment13.03M10.99M1.65M2.87M
BuildingsAndImprovements774.00K774.00K0.00
LandAndImprovements302.00K226.00K0.00
Properties0.000.000.000.00
CurrentAssets68.91M279.58M390.07M110.66M
OtherCurrentAssets55.00K30.00K179.00K156.00K
AssetsHeldForSaleCurrent0.006.11M0.00
CurrentDeferredAssets0.004.12M
RestrictedCash990.00K35.63M83.14M0.00
PrepaidAssets14.10M11.43M30.94M1.14M
Inventory107.00K415.00K4.38M0.00
Receivables26.56M116.05M68.39M121.00K
OtherReceivables6.80M84.87M28.98M
TaxesReceivable117.00K1.36M454.00K121.00K
NotesReceivable2.93M0.00
LoansReceivable1.50M0.00
AccountsReceivable16.71M29.81M38.96M0.00
AllowanceForDoubtfulAccountsReceivable-3.56M-444.00K0.00
GrossAccountsReceivable20.28M30.26M38.96M
CashCashEquivalentsAndShortTermInvestments27.09M109.92M203.04M105.12M
OtherShortTermInvestments0.000.00
CashAndCashEquivalents27.09M109.92M203.04M105.12M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-114.71M-129.20M-25.66M-22.24M
RepaymentOfDebt-185.00K-47.00K-62.00K-818.00K
IssuanceOfCapitalStock0.00120.78M
CapitalExpenditure-58.85M-36.54M-2.32M-170.00K
InterestPaidSupplementalData123.00K35.00K2.00K70.00K
IncomeTaxPaidSupplementalData52.00K46.00K3.00K1.00K
EndCashPosition30.07M145.56M286.18M105.12M
BeginningCashPosition145.56M286.18M105.12M10.05M
EffectOfExchangeRateChanges-634.00K52.00K-49.00K1.93M
ChangesInCash-114.85M-140.68M181.11M93.14M
FinancingCashFlow-252.00K-5.48M217.77M116.38M
CashFlowFromContinuingFinancingActivities-252.00K-5.48M217.77M116.38M
NetOtherFinancingCharges-109.00K-5.66M209.81M-3.59M
ProceedsFromStockOptionExercised42.00K224.00K8.03M5.00K
NetPreferredStockIssuance0.00120.67M
PreferredStockIssuance0.00120.67M
NetCommonStockIssuance0.00116.00K
CommonStockIssuance0.00116.00K
NetIssuancePaymentsOfDebt-185.00K-47.00K-62.00K-818.00K
NetLongTermDebtIssuance-185.00K-47.00K-62.00K-818.00K
LongTermDebtPayments-185.00K-47.00K-62.00K-818.00K
InvestingCashFlow-58.74M-42.54M-13.32M-1.17M
CashFlowFromContinuingInvestingActivities-58.74M-42.54M-13.32M-1.17M
NetOtherInvestingChanges-330.00K
NetInvestmentPurchaseAndSale0.00-6.00M-11.00M-1.00M
PurchaseOfInvestment0.00-6.00M-11.00M-1.00M
NetPPEPurchaseAndSale-58.41M-36.54M-2.32M-170.00K
SaleOfPPE447.00K0.00
PurchaseOfPPE-58.85M-36.54M-2.32M-170.00K
OperatingCashFlow-55.86M-92.66M-23.35M-22.07M
CashFlowFromContinuingOperatingActivities-55.86M-92.66M-23.35M-22.07M
ChangeInWorkingCapital-1.74M-37.16M5.70M3.01M
ChangeInOtherWorkingCapital3.07M-44.54M49.43M
ChangeInOtherCurrentLiabilities-1.35M-444.00K-386.00K0.00
ChangeInOtherCurrentAssets-1.75M-496.00K-1.05M0.00
ChangeInPayablesAndAccruedExpense-66.77M25.51M67.86M3.00M
ChangeInPrepaidAssets-637.00K25.65M-29.61M217.00K
ChangeInInventory308.00K3.96M-4.38M-213.00K
ChangeInReceivables65.38M-46.81M-76.16M0.00
ChangesInAccountReceivables11.48M10.20M-37.46M0.00
OtherNonCashItems-1.45M-1.41M-365.00K65.00K
StockBasedCompensation38.71M43.10M41.06M500.00K
ProvisionandWriteOffofAssets29.98M150.00K0.00
AssetImpairmentCharge12.07M0.002.83M3.23M
DepreciationAmortizationDepletion1.06M893.00K7.74M2.32M
DepreciationAndAmortization1.06M893.00K7.74M2.32M
OperatingGainsLosses1.32M222.00K-2.01M156.00K
PensionAndEmployeeBenefitExpense-12.00K92.00K
GainLossOnInvestmentSecurities1.02M-2.33M
NetForeignCurrencyExchangeGainLoss300.00K222.00K316.00K64.00K
NetIncomeFromContinuingOperations-135.81M-98.44M-78.30M-31.34M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for NRGV
Date User Asset Broker Type Position Size Entry Price Patterns