“38 Table of Contents Our revenue is affected by changes in the price, volume, and mix of products and services purchased by our customers, which is driven by the demand of our products, geographic mix of our customers, strength of competitor’s product offerin…”10-Q · May 19, 2026 ↗
Energy Vault Holdings, Inc.
NRGV
Market read
Energy Vault Holdings, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- NRGV's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if NRGV's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- NRGV's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +340.9% year over year.
- Operating margin changed +244.9 percentage points in the latest annual period.
- Net margin changed +243.0 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
- Diluted shares increased 7.1% in the latest annual period.
- EV/sales is 1141% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
4.31Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The 100 MW / 870 MWh project is expected to provide eight hours of dispatchable capacity and is expected to commence operations in 2028, subject to obtaining necessary contractual and regulatory approvals.”10-Q · May 19, 2026 ↗
“Other expense, net for the year ended December 31, 2025 primarily reflects $2.1 million in costs related to selling shares under the Hudson Equity Purchase Agreement, $1.9 million in transaction costs that were expensed related to the issuance of the redeemab…”10-K · Mar 18, 2026 ↗
“In addition, U.S.”10-K · Mar 18, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.4× · EV/sales 3.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for NRGV. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for NRGV. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind NRGV
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JEFJefferies Financial Group Inc.lenderMay 19, 2026 ▾
“CRC Bridge Loan On March 31, 2025, CRC, a majority-owned subsidiary of the Company, entered into a $27.8 million credit agreement with Jefferies, as administrative agent, collateral agent, and lender.”
FLNCFluence Energy, Inc.competitorMar 18, 2026 ▾
“For our third-party energy storage delivery business, our key competitors within the shorter duration BESS market include Tesla, Inc., Fluence Energy, Inc., FlexGen Power Systems, Inc., Sungrow Power Supply Co Ltd., and other integrators and OEMs, as well as…”
Depended on by
FCELFuelCell Energy, Inc.competitorDec 18, 2025 ▾
“Our 2025 Peer Group is comprised of the following 17 companies: American Superconductor Corporation, Aspen Aerogels, Inc., Ballard Power Systems Inc., Blink Charging Co., Broadwind, Inc., ChargePoint Holdings, Inc., Clean Energy Fuels Corp., Energy Recovery,…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 8 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
NRGV is currently a Follower in the organic co-movement group Enterprise Technology Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for NRGV; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.