Energy Vault Holdings, Inc. (NRGV) AI Stock Summary

Snapshot

Energy Vault is a small energy-storage and infrastructure builder whose FY2025 revenue quadrupled to $203.7M, but it lost $103.6M for the year and burned $46.7M in free cash flow. It holds $63.3M in cash against $96.7M in debt, giving it roughly 7 months of runway at the current burn rate, and share count is rising as it raises capital.

What's Happening Right Now

• Thu 3rd Sep '26 · Project milestone: Energy Vault completed the land acquisition for its 125 MW / 1 GWh Stoney Creek battery storage project in Northern New South Wales, Australia, converting from a lease to full ownership.
• Tue 11th Aug '26 · Earnings: Energy Vault reported Q2 2026 revenue of $17.4M, up 104% YoY and above estimates, and raised full-year 2026 revenue guidance to $270-$310M on a growing ~$2B backlog.
• Fri 7th Aug '26 · New contract: Energy Vault signed its largest contract to date, a 1.25 GW power infrastructure deal for a Texas AI data center expected to generate $500-$600M in revenue in 2026-2027.
• Fri 24th Jul '26 · CFO change: Energy Vault named Nitin Dahiya as CFO effective July 27, 2026, succeeding Michael Beer, who resigned.
• Wed 1st Jul '26 · Debt financing: Energy Vault issued an additional $38M of convertible debentures (bringing the total to $80M) and had to secure lender waivers on debt-covenant defaults at two subsidiaries.

Ownership

Institutions hold 60.3%, insiders hold 15.1%.

Bottom Line

Energy Vault is growing revenue quickly and landing large new contracts in energy storage and AI-linked power infrastructure, which is a genuinely positive story. But the company is still losing far more than it earns, burning cash faster than it brings it in, and has only about 7 months of cash cushion left, which recently required it to take on more convertible debt and seek covenant waivers from lenders. A reader would need to see the backlog convert into cash before the growth story outweighs the liquidity pressure.