Energy Vault Holdings, Inc. (NRGV) reported second-quarter 2026 revenue of $17.4 million, up 104.05% from a year earlier and above the $14.4 million analyst estimate. Gross profit rose 113.67% year over year to $5.4 million, reflecting stronger top-line growth during the quarter.
The company still posted a loss, with operating loss widening to $24.7 million and net loss attributable to common shareholders reaching $29.7 million. Diluted earnings per share came in at -$0.18, slightly worse than the -$0.18 estimate.
Cash use remained significant, with operating cash flow at -$30.6 million. Energy Vault ended the quarter with $93.0 million in cash and cash equivalents, while total liabilities stood at $337.9 million.
- Revenue: $17.4 million, up 104.05% year over year
- Gross profit: $5.4 million, up 113.67%
- Net loss: $29.7 million
- Cash and cash equivalents: $93.0 million
- Shares rose 9.78% after the market close
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Energy Vault Holdings, Inc. Insider Trading Activity
Energy Vault Holdings, Inc. insiders have traded $NRGV stock on the open market 8 times in the past 6 months. Of those trades, 6 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $NRGV stock by insiders over the last 6 months:
- MICHAEL THOMAS BEER (Chief Financial Officer) has made 0 purchases and 2 sales selling 130,000 shares for an estimated $471,900.
- ROBERT PICONI (Chief Executive Officer) has made 2 purchases buying 20,000 shares for an estimated $64,532 and 0 sales.
- THOMAS R ERTEL purchased 5,450 shares for an estimated $18,365
- MARY BETH MANDANAS purchased 5,000 shares for an estimated $18,250
- LARRY PAULSON purchased 5,000 shares for an estimated $15,726
- AKSHAY LADWA (Chief Operations Officer) purchased 4,000 shares for an estimated $12,340
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Energy Vault Holdings, Inc. Hedge Fund Activity
We have seen 105 institutional investors add shares of Energy Vault Holdings, Inc. stock to their portfolio, and 53 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 9,019,845 shares (+417.6%) to their portfolio in Q2 2026, for an estimated $42,483,469
- SB INVESTMENT ADVISERS (UK) LTD removed 3,000,000 shares (-16.2%) from their portfolio in Q1 2026, for an estimated $9,900,000
- MARSHALL WACE, LLP added 2,297,544 shares (+71.9%) to their portfolio in Q1 2026, for an estimated $7,581,895
- NOMURA HOLDINGS INC added 1,854,130 shares (+2752.6%) to their portfolio in Q1 2026, for an estimated $6,118,629
- UBS GROUP AG added 1,717,918 shares (+111.5%) to their portfolio in Q1 2026, for an estimated $5,669,129
- MILLENNIUM MANAGEMENT LLC added 1,490,144 shares (+258.5%) to their portfolio in Q1 2026, for an estimated $4,917,475
- BEARTOWN CAPITAL MANAGEMENT, LLC added 800,000 shares (+133.3%) to their portfolio in Q1 2026, for an estimated $2,640,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Energy Vault Holdings, Inc. Price Targets
Multiple analysts have issued price targets for $NRGV recently. We have seen 3 analysts offer price targets for $NRGV in the last 6 months, with a median target of $5.25.
Here are some recent targets:
- Vikram Bagri from Citigroup set a target price of $5.25 on 06/11/2026
- Derek Soderberg from Cantor Fitzgerald set a target price of $7.0 on 05/05/2026
- Brian Lee from Goldman Sachs set a target price of $2.0 on 03/19/2026
