(NRGV) Energy Vault Holdings - Overview
Sector: Utilities | Industry: Utilities - Renewable | Exchange: NYSE (USA) | Market Cap: 900m USD | Total Return: 549.4% in 12m
Avg Turnover: 25.9M
Warnings
Interest Coverage Ratio -6.8 is critical
Beneish M-Score 0.52 > -1.5 - likely earnings manipulation
Altman Z'' -9.34 < 1.0 - financial distress zone
Choppy
Tailwinds
Rs Leader, Idiosyncratic Leader, Confidence
Energy Vault Holdings, Inc. (NRGV) specializes in utility-scale energy storage systems, offering a diversified portfolio that includes electrochemical batteries (B-Vault), gravity-based storage (G-Vault), and hydrogen-hybrid solutions (H-Vault). These hardware assets are integrated via the Vault-OS software suite, which utilizes artificial intelligence to manage real-time monitoring, dispatch optimization, and revenue generation across various storage durations.
The company operates within the long-duration energy storage (LDES) sector, a critical component for stabilizing power grids as they transition to intermittent renewable sources like wind and solar. Unlike traditional lithium-ion systems that typically provide 2–4 hours of backup, gravity-based storage aims to provide cost-effective energy discharge over much longer periods by using mechanical potential energy.
For a detailed breakdown of the companys valuation metrics and historical performance, you may find it useful to explore the data on ValueRay.
Founded in 2020 and headquartered in California, Energy Vault maintains a global footprint with projects and operations spanning North America, Europe, and Australia. The firm’s business model combines hardware deployment with recurring software-as-a-service (SaaS) revenue through its proprietary management and bidding platforms.
- Gravity storage commercialization milestones drive long-term revenue growth
- Battery storage project deployments scale short-duration segment revenue
- Software licensing expansion improves consolidated gross margins
- Global grid decarbonization mandates accelerate utility-scale contract wins
| Net Income: -115.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.33 > 0.02 and ΔFCF/TA 20.62 > 1.0 |
| NWC/Revenue: 19.28% < 20% (prev -25.31%; Δ 44.59% < -1%) |
| CFO/TA -0.19 > 3% & CFO -56.7m > Net Income -115.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (171.9m) vs 12m ago 11.80% < -2% |
| Gross Margin: 21.05% > 18% (prev 0.19%; Δ 2.09k% > 0.5%) |
| Asset Turnover: 84.20% > 50% (prev 21.60%; Δ 62.60% > 0%) |
| Interest Coverage Ratio: -6.77 > 6 (EBITDA TTM -81.9m / Interest Expense TTM 13.2m) |
| A: 0.14 (Total Current Assets 103.8m - Total Current Liabilities 62.0m) / Total Assets 298.0m |
| B: -1.74 (Retained Earnings -519.9m / Total Assets 298.0m) |
| C: -0.35 (EBIT TTM -89.5m / Avg Total Assets 257.7m) |
| D: -2.13 (Book Value of Equity -520.5m / Total Liabilities 244.3m) |
| Altman-Z'' = -9.34 = D |
| DSRI: 0.06 (Receivables 4.94m/16.5m, Revenue 217.0m/47.0m) |
| GMI: 0.91 (GM 21.05% / 19.15%) |
| AQI: 4.39 (AQ_t 0.30 / AQ_t-1 0.07) |
| SGI: 4.62 (Revenue 217.0m / 47.0m) |
| TATA: -0.20 (NI -115.0m - CFO -56.7m) / TA 298.0m) |
| Beneish M = 0.52 (Cap -4..+1) = D |
As of June 03, 2026, the stock is trading at USD 5.35 with a total of 5,157,375 shares traded.
Over the past week, the price has changed by +4.29%,
over one month by +22.15%,
over three months by +64.62% and
over the past year by +549.43%.
Energy Vault Holdings has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NRGV.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 5.5 | 3.6% |
P/S = 4.1478
P/B = 29.5235
Revenue TTM = 217.0m USD
EBIT TTM = -89.5m USD
EBITDA TTM = -81.9m USD
Long Term Debt = 150.5m USD (from longTermDebt, last quarter)
Short Term Debt = 11.1m USD (from shortTermDebt, last quarter)
Debt = 173.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.07m
Net Debt = 118.5m USD (calculated: Debt 173.7m - CCE 55.2m)
Enterprise Value = 1.02b USD (900.1m + Debt 173.7m - CCE 55.2m)
Interest Coverage Ratio = -6.77 (Ebit TTM -89.5m / Interest Expense TTM 13.2m)
EV/FCF = -10.39x (Enterprise Value 1.02b / FCF TTM -98.1m)
FCF Yield = -9.63% (FCF TTM -98.1m / Enterprise Value 1.02b)
FCF Margin = -45.20% (FCF TTM -98.1m / Revenue TTM 217.0m)
Net Margin = -52.97% (Net Income TTM -115.0m / Revenue TTM 217.0m)
Gross Margin = 21.05% ((Revenue TTM 217.0m - Cost of Revenue TTM 171.3m) / Revenue TTM)
Gross Margin QoQ = 11.72% (prev 20.60%)
Tobins Q-Ratio = 3.42 (Enterprise Value 1.02b / Total Assets 298.0m)
Interest Expense / Debt = 7.62% (Interest Expense 13.2m / Debt 173.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -70.7m (EBIT -89.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.68 (Total Current Assets 103.8m / Total Current Liabilities 62.0m)
Debt / Equity = 5.70 (Debt 173.7m / totalStockholderEquity, last quarter 30.5m)
Debt / EBITDA = -1.45 (negative EBITDA) (Net Debt 118.5m / EBITDA -81.9m)
Debt / FCF = -1.21 (negative FCF - burning cash) (Net Debt 118.5m / FCF TTM -98.1m)
Total Stockholder Equity = 67.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -44.60% (Net Income -115.0m / Total Assets 298.0m)
RoE = -19.58% (Net Income TTM -115.0m / Total Stockholder Equity 587.1m)
RoCE = -12.14% (EBIT -89.5m / Capital Employed (Equity 587.1m + L.T.Debt 150.5m))
RoIC = -28.62% (negative operating profit) (NOPAT -70.7m / Invested Capital 247.2m)
WACC = 13.59% (E(900.1m)/V(1.07b) * Re(15.05%) + D(173.7m)/V(1.07b) * Rd(7.62%) * (1-Tc(0.21)))
Discount Rate = 15.05% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 85.40 | Cagr: 7.75%
[DCF] Fair Price = unknown (Cash Flow -98.1m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.30 | # QB: 0
Revenue Correlation: -41.77 | Revenue CAGR: -30.65% | SUE: -0.19 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.11 | Chg30d=+5.58% | Revisions=N/A | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.09 | Chg30d=+15.18% | Revisions=N/A | Analysts=3
EPS current Year (2026-12-31): EPS=-0.27 | Chg30d=-24.23% | Revisions=-20% | GrowthEPS=-1.2% | GrowthRev=+24.2%
EPS next Year (2027-12-31): EPS=-0.14 | Chg30d=+11.81% | Revisions=+20% | GrowthEPS=+50.0% | GrowthRev=+18.8%
[Analyst] Revisions Ratio: -20%