Energy Vault Prices $140 Million Convertible Notes Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy NRGV?
Source: Businesswire
- Upsized Offering: Energy Vault announced the pricing of $140 million in 5.250% convertible senior notes, up from the previously announced $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million, primarily to fund capped call transactions, redeem $35 million to $45 million in convertible debt, and support general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the current stock price, providing investors with potential capital appreciation opportunities while laying the groundwork for future equity financing.
- Risk Management Strategy: Through capped call transactions, Energy Vault aims to mitigate potential dilution risks associated with the conversion of notes, ensuring effective cash management during conversions, which enhances market confidence and stabilizes stock prices.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NRGV?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NRGV
Wall Street analysts forecast NRGV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NRGV is 3.73 USD with a low forecast of 2.00 USD and a high forecast of 5.19 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 4.010
Low
2.00
Averages
3.73
High
5.19
Current: 4.010
Low
2.00
Averages
3.73
High
5.19
About NRGV
Energy Vault Holdings, Inc. develops, deploys and operates utility-scale energy storage solutions designed to transform the approach to sustainable energy storage. Its comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Its technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users. Its solutions include B-Vault, B-Nest, G-Vault, H-Vault and software solutions. Its software solutions include Vault-OS Energy Management System, Vault-Bidder and Vault-Manager. Its projects include Calistoga Resiliency Center, Cross Trails Battery Energy Storage System and SOSA Energy Center.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Vault Prices $140M Convertible Senior Notes at 5.25% Interest
- Convertible Notes Issuance: Energy Vault has upsized and priced $140 million in convertible senior notes with a 5.25% annual interest rate, set to begin semiannual payments on September 1, 2026, maturing on March 1, 2031, indicating proactive financing efforts by the company.
- Conversion Rate and Price: The initial conversion rate is 193.1807 shares of common stock per $1,000 principal amount, equating to an initial conversion price of approximately $5.18 per share, which provides investors with potential upside while reflecting market expectations for the company's future growth.
- Clear Use of Proceeds: The funds raised will cover capped call costs, redeem $35 million to $45 million of existing YA II PN, Ltd. debentures, and support general corporate needs such as debt repayment and growth, showcasing the company's strategic financial management.
- Stock Price Volatility: Following the announcement of the convertible notes issuance, Energy Vault's stock price plummeted about 18% during after-market trading on Wednesday, reflecting market concerns regarding the company's financial health and investor sentiment fluctuations.
See More
Energy Vault Prices $140 Million Convertible Notes Offering
- Upsized Offering: Energy Vault announced the pricing of $140 million in 5.250% convertible senior notes, up from the previously announced $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million, primarily to fund capped call transactions, redeem $35 million to $45 million in convertible debt, and support general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the current stock price, providing investors with potential capital appreciation opportunities while laying the groundwork for future equity financing.
- Risk Management Strategy: Through capped call transactions, Energy Vault aims to mitigate potential dilution risks associated with the conversion of notes, ensuring effective cash management during conversions, which enhances market confidence and stabilizes stock prices.
See More
Energy Vault Prices $140 Million Convertible Notes Offering
- Upsized Offering: Energy Vault announced the pricing of $140 million in 5.250% convertible senior notes, increasing from the previously announced $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million, primarily to fund capped call transactions, redeem $35 million to $45 million of existing convertible debentures, and for general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the current stock price, potentially attracting investors to convert their notes as the stock price appreciates, thereby increasing shareholder value.
- Risk-Reward Balance: Through capped call transactions, Energy Vault aims to mitigate potential dilution while ensuring cash payment capabilities when market prices exceed conversion prices, thereby bolstering investor confidence.
See More
Energy Vault Prices $140 Million Convertible Notes Offering
- Upsized Offering: Energy Vault announced the pricing of $140 million in convertible senior notes at a 5.250% interest rate, an increase from the previously planned $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million from the offering, primarily to fund capped call transactions, redeem $35 million to $45 million of convertible debt, and support general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the last closing price of $4.06 on February 11, 2026, potentially attracting investors to convert their notes in the future, which could boost the company's stock price.
- Risk Management Strategy: Through capped call transactions, Energy Vault aims to mitigate potential dilution of equity, ensuring that cash payments upon conversion do not exceed the principal amount of the notes, thereby enhancing investor confidence and market stability.
See More
Energy Vault and Crusoe Announce Strategic Agreement for AI Infrastructure Deployment
- Market Entry Milestone: The strategic framework agreement between Energy Vault and Crusoe enables phased deployments of modular data centers up to 25 MW starting in 2026, marking Energy Vault's entry into the AI infrastructure market and significantly enhancing its EBITDA generation potential.
- Rapid Deployment Capability: By providing modular 'powered shell' infrastructure, Energy Vault will accelerate the expansion of Crusoe Cloud's computing capacity to meet customer demands for fast delivery, thereby gaining a competitive edge in a rapidly evolving market.
- Enhanced Economic Benefits: The deployment of AI infrastructure is expected to unlock revenue-per-MW up to 20 times higher, significantly improving unit economics and driving the expansion of Energy Vault's asset management platform into high-growth segments.
- Deepened Strategic Partnership: This collaboration not only strengthens Energy Vault's 'Own & Operate' business model but also enhances its competitiveness in the AI infrastructure market through standardized and repeatable modular designs, ensuring high availability and rapid delivery capabilities.
See More
Energy Vault Partners with Peak Energy for AI Storage Solutions
- Strategic Collaboration: Energy Vault and Peak Energy are co-developing a full-stack storage platform that integrates sodium-ion batteries with a digital stack specifically designed for AI infrastructure, enhancing deployment speed, reducing costs, and improving safety, thereby addressing the limitations of traditional battery systems.
- Supply Chain Security: Energy Vault has secured a 1.5 GWh supply agreement for sodium-ion batteries, ensuring domestic supply chain security and eligibility for Domestic Content tax credits, which will provide a more attractive economic profile for BESS and AI projects compared to lithium-ion alternatives.
- Global Market Expansion: Energy Vault has obtained exclusive regional channel rights for Peak Energy's technology in the APAC region, expanding the companies' footprint in high-growth international markets, thereby enhancing competitive positioning and brand influence.
- Purpose-Built Storage Architecture: The newly developed storage architecture is tailored for AI Neoclouds and data centers, combining the high safety of sodium-ion batteries with Energy Vault's system design to deliver faster deployment and lower capital costs, effectively meeting the high volatility demands of AI computing loads.
See More
Energy Vault Prices $140M Convertible Senior Notes at 5.25% Interest
- Convertible Notes Issuance: Energy Vault has upsized and priced $140 million in convertible senior notes with a 5.25% annual interest rate, set to begin semiannual payments on September 1, 2026, maturing on March 1, 2031, indicating proactive financing efforts by the company.
- Conversion Rate and Price: The initial conversion rate is 193.1807 shares of common stock per $1,000 principal amount, equating to an initial conversion price of approximately $5.18 per share, which provides investors with potential upside while reflecting market expectations for the company's future growth.
- Clear Use of Proceeds: The funds raised will cover capped call costs, redeem $35 million to $45 million of existing YA II PN, Ltd. debentures, and support general corporate needs such as debt repayment and growth, showcasing the company's strategic financial management.
- Stock Price Volatility: Following the announcement of the convertible notes issuance, Energy Vault's stock price plummeted about 18% during after-market trading on Wednesday, reflecting market concerns regarding the company's financial health and investor sentiment fluctuations.
See More
Energy Vault Prices $140 Million Convertible Notes Offering
- Upsized Offering: Energy Vault announced the pricing of $140 million in 5.250% convertible senior notes, up from the previously announced $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million, primarily to fund capped call transactions, redeem $35 million to $45 million in convertible debt, and support general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the current stock price, providing investors with potential capital appreciation opportunities while laying the groundwork for future equity financing.
- Risk Management Strategy: Through capped call transactions, Energy Vault aims to mitigate potential dilution risks associated with the conversion of notes, ensuring effective cash management during conversions, which enhances market confidence and stabilizes stock prices.
See More
Energy Vault Prices $140 Million Convertible Notes Offering
- Upsized Offering: Energy Vault announced the pricing of $140 million in 5.250% convertible senior notes, increasing from the previously announced $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million, primarily to fund capped call transactions, redeem $35 million to $45 million of existing convertible debentures, and for general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the current stock price, potentially attracting investors to convert their notes as the stock price appreciates, thereby increasing shareholder value.
- Risk-Reward Balance: Through capped call transactions, Energy Vault aims to mitigate potential dilution while ensuring cash payment capabilities when market prices exceed conversion prices, thereby bolstering investor confidence.
See More
Energy Vault Prices $140 Million Convertible Notes Offering
- Upsized Offering: Energy Vault announced the pricing of $140 million in convertible senior notes at a 5.250% interest rate, an increase from the previously planned $125 million, indicating strong market demand for its sustainable energy storage solutions.
- Clear Use of Proceeds: The company expects to net approximately $135.5 million from the offering, primarily to fund capped call transactions, redeem $35 million to $45 million of convertible debt, and support general corporate purposes, enhancing financial flexibility.
- Attractive Conversion Terms: The initial conversion price of approximately $5.18 per share represents a 27.5% premium over the last closing price of $4.06 on February 11, 2026, potentially attracting investors to convert their notes in the future, which could boost the company's stock price.
- Risk Management Strategy: Through capped call transactions, Energy Vault aims to mitigate potential dilution of equity, ensuring that cash payments upon conversion do not exceed the principal amount of the notes, thereby enhancing investor confidence and market stability.
See More
Energy Vault and Crusoe Announce Strategic Agreement for AI Infrastructure Deployment
- Market Entry Milestone: The strategic framework agreement between Energy Vault and Crusoe enables phased deployments of modular data centers up to 25 MW starting in 2026, marking Energy Vault's entry into the AI infrastructure market and significantly enhancing its EBITDA generation potential.
- Rapid Deployment Capability: By providing modular 'powered shell' infrastructure, Energy Vault will accelerate the expansion of Crusoe Cloud's computing capacity to meet customer demands for fast delivery, thereby gaining a competitive edge in a rapidly evolving market.
- Enhanced Economic Benefits: The deployment of AI infrastructure is expected to unlock revenue-per-MW up to 20 times higher, significantly improving unit economics and driving the expansion of Energy Vault's asset management platform into high-growth segments.
- Deepened Strategic Partnership: This collaboration not only strengthens Energy Vault's 'Own & Operate' business model but also enhances its competitiveness in the AI infrastructure market through standardized and repeatable modular designs, ensuring high availability and rapid delivery capabilities.
See More
Energy Vault Partners with Peak Energy for AI Storage Solutions
- Strategic Collaboration: Energy Vault and Peak Energy are co-developing a full-stack storage platform that integrates sodium-ion batteries with a digital stack specifically designed for AI infrastructure, enhancing deployment speed, reducing costs, and improving safety, thereby addressing the limitations of traditional battery systems.
- Supply Chain Security: Energy Vault has secured a 1.5 GWh supply agreement for sodium-ion batteries, ensuring domestic supply chain security and eligibility for Domestic Content tax credits, which will provide a more attractive economic profile for BESS and AI projects compared to lithium-ion alternatives.
- Global Market Expansion: Energy Vault has obtained exclusive regional channel rights for Peak Energy's technology in the APAC region, expanding the companies' footprint in high-growth international markets, thereby enhancing competitive positioning and brand influence.
- Purpose-Built Storage Architecture: The newly developed storage architecture is tailored for AI Neoclouds and data centers, combining the high safety of sodium-ion batteries with Energy Vault's system design to deliver faster deployment and lower capital costs, effectively meeting the high volatility demands of AI computing loads.
See More
