Energy Vault (NRGV)
Supplies and operates grid-scale energy-storage systems, software and selected storage assets.
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Supplies gravity, battery and green-hydrogen storage hardware alongside energy-management software and system integration. The business is expanding from technology sales and services into selectively owned and operated storage assets.
Supplies proprietary gravity, battery and green-hydrogen storage hardware, plus technology-agnostic energy-management software and system integration. Projects can also include engineering and construction management, commissioning, long-term services, and software-enabled monitoring and controls throughout project lifecycles.
Expanding from build-and-transfer and licensing arrangements into a lifecycle role that includes development, permitting and interconnection, operations, and selected asset ownership. Its first owned storage systems entered commercial operation during 2025. It continues to sell technology, integration, software, and long-term services alongside owned assets. Asset Vault supports this shift toward developing, building, owning, and operating energy-storage projects.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Roth Capital | Reiterate | Rating: —Target: — | Target: $7 |
| Jul 22, 2026 | Citigroup | Upgrade | ||
| May 5, 2026 | Cantor Fitzgerald | Target | Target: — | Target: $7 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $93.0M · Total debt $245.0M · Total assets $370.5M · Shareholders' equity $6.9M
- Revenue
- $17.4M
- Operating income
- −$24.7M
- Net income
- −$29.7M
No dividends on record.
| Institutions | ≈ 57.27% | 104.15M shares | |
|---|---|---|---|
| 194 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 19.72% | 35.86M shares | |
| 10 holders · as of Aug 28, 2026 | |||
| Other | ≈ 23.01% | 41.84M shares | |
| remainder | |||
181.84M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Robert Piconi1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 12.80% | 23.42M | filed Jul 2, 2026 |
SB Investment Advisers (UK) LtdInstitution | 8.54% | 15.54M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.15% | 11.18M | as of Jun 30, 2026 |
Dakin SlossInsider | 4.15% | 7.55M | filed Sep 2, 2022 |
Scoggin Management LPInstitution | 3.40% | 6.18M | as of Jun 30, 2026 |
- Robert Piconi's transaction reports restate only vehicles that traded; the 2026 ownership statement (23.42M) less the 141.7K net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Stephanie Unwin | director | −115,000 | $3.71 |
| Aug 17, 2026 | Dylan Hixon | director | +27,472 | $3.88 |
| Aug 14, 2026 | Dylan Hixon | director | +85,518 | $3.74 |
| Jul 6, 2026 | Michael Thomas Beer | officer: Chief Financial Officer | −65,000 | $4.08 |
| Apr 6, 2026 | Michael Thomas Beer | officer: Chief Financial Officer | −65,000 | $3.18 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Energy Vault | $4.84 | +2.98% | $851.8M | — | — | 3.8 | +104.1% |
| Tesla | $379.32 | +1.07% | $1.48T | 347.5 | 184.0 | 14.3 | +25.5% |
| Fluence Energy | $7.21 | −2.40% | $1.36B | — | — | 0.5 | +7.9% |
| Eos Energy Enterprises | $4.16 | +2.13% | $1.18B | — | — | 5.5 | +351.4% |
| ESS Tech | $0.4026 | +8.87% | $10.9M | — | — | — | −96.9% |
| Median | 347.5 | 184.0 | 5.5 | +16.7% |