NRGV
Energy Vault Holdings, Inc.

Energy Vault Holdings, Inc.NRGV

Utilities · Utilities - Renewable
4.77USD
+1.49%
Sep 23, 2026
NRGV overview ready
Integrated Power and Energy Storage Infrastructure for AI Data Centers
Energy Vault is an integrated power-infrastructure provider: alongside its utility-scale storage development, deployment, software, and owner-operator activities, it is now executing power, storage, and software infrastructure for AI data-center deployments.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — infrastructure supplier.
Advancing price action
Longer-term context reads mature trend, with a near-term setup of daily reclaim.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Unremarkable fundamentals
Primary risk
Technology adoption risk.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 2

Conviction Level

NarrativeHeat9.5ThemeHeat9.3PriceAction8.0Valuation3.0CompanyPosition7.3
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads mature trend, with a near-term setup of daily reclaim.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location. The advance off that reset has already consumed part of the entry advantage while the weekly trend remains extended, which tempers the assessment.

Key Financials

Market Cap
$867.4M
Avg Volume (60D)
4.7M
60 sessions
Revenue Growth YoY
+340.9%
FY2025 vs FY2024
Gross Margin
+22.5%
Trailing twelve months
Operating Margin
-32.8%
Trailing twelve months
Free Cash Flow Yield
-16.7%
Distance from 200DMA
+15.0%
Next Earnings
2026-11-09
P/E
N/M
EV / Sales
4.5x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
Energy Vault Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

What changed

  • Westgate Energy Inc. Announces Upsizing of Bought Deal LIFE Offering to $6.5 Million
    Dated 2026-09-17. NRGV closed +6.5% while the broad market was close to flat (+1.1%).
    2026-09-17 · source
  • Price structure improved
    NRGV: behavior moved from damaged structure to early trend. NRGV closed +12.5% while the broad market was close to flat (-0.6%).
    2026-09-08

Company Research

Thesis
Energy Vault is an integrated power-infrastructure provider: alongside its utility-scale storage development, deployment, software, and owner-operator activities, it is now executing power, storage, and software infrastructure for AI data-center deployments.
Opportunity
High opportunity
Hyperscaler and colocation spending on electrical capacity, firm power, energy storage, and associated infrastructure needed to deploy high-density AI data-center campuses.
Key risk
Technology adoption risk.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Power and Thermal Systems, with strong fit.
Its current business nevertheless has a strong, specific adjacency to AI data-center power: its August 2026 update disclosed a 1.25 GW integrated power, storage, and software contract supporting hyperscaler data-center contracts in Texas, alongside a powered AI-infrastructure campus effort.
Narrative HeatHot9.5 / 10
Theme HeatHot9.3 / 10
This reading is no longer current (last measured 2026-07-22). It is kept until the next scheduled measurement replaces it.

Business & Markets

Utilities · Utilities - Renewable
What they do

Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions using electrochemical, gravity, and hydrogen-based technologies across multiple international markets.

How it earns

The company generates revenue primarily through project-based sales of energy storage systems and related software solutions.

Products & services
B-Vault electrochemical battery energy storage
G-Vault gravity energy storage
H-Vault hydrogen/hybrid energy storage
Vault-OS Energy Management System software
Customers & end markets
Utility companies
Renewable energy operators
Market position

Niche player focused on innovative multi-technology energy storage solutions within the renewable utilities sector.

Demand drivers
Medium cyclicality

Demand is influenced by renewable energy project cycles and regulatory incentives but driven by structural energy transition trends.

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