NRGV News & Events

Energy Vault Holdings announced the successful completion of its previously announced acquisition of an 850 MW Battery Energy Storage System development portfolio in Japan from BayWa r.e. The closing of the transaction officially establishes Energy Vault's operational presence in Japan. The acquired portfolio includes approximately 350 MW of advanced-stage BESS projects expected to reach Notice to Proceed in the second half of 2027, with Commercial Operation Dates expected to begin in mid-2028. An additional 500 MW of early-stage projects provides a multi-year development runway and meaningful expansion potential as Energy Vault scales its Japanese platform.

Energy Vault announced the appointment of Cory Magnuson as President of Asset Vault, further strengthening the Company's ability to finance, develop, own and operate large-scale energy and AI infrastructure assets globally. The appointment comes as Energy Vault continues rapidly expanding its Asset Vault platform, which now controls more than 1.1 gigawatts of energy and AI infrastructure assets expected to generate over $180M in recurring annual EBITDA run-rate, while the Company continues advancing a global development pipeline exceeding 3+ gigawatts of additional projects across energy storage systems, powered land, powered shell and AI infrastructure deployments. Energy Vault continues adding several hundred megawatts of additional development opportunities each quarter across North America, Australia, Japan and Europe, leveraging Asset Vault's integrated platform to originate, finance, build and operate high-value infrastructure assets serving utilities, hyperscalers, data center operators and industrial customers. The combination of accelerating AI compute demand, electrification, grid modernization and energy resiliency requirements is creating one of the largest infrastructure investment cycles in the global energy sector. Through Asset Vault, Energy Vault has already established an operational and financial platform designed to deploy capital efficiently into long-term, contracted infrastructure assets generating recurring cash flows and EBITDA. As President of Asset Vault, Magnuson will oversee all financing and capital formation across Energy Vault's growing global infrastructure portfolio, while helping accelerate the Company's ability to scale infrastructure ownership and secure long-term project financing for both ESS and AI infrastructure assets. Most recently, he served as CFO of US-based IPP Spearmint Energy, where he helped scale the company's utility-scale energy storage platform and secure long-term infrastructure financing across multiple projects.

The major averages were mixed near noon as markets attempt to stabilize after Tuesday's inflation-driven pullback, though they face an added headwind after April producer price inflation came in hotter than expected.Investors are also closely watching developments between President Trump and Chinese President Xi Jinping, with trade, AI and rare-earth supply negotiations in focus. Any signs of easing trade tensions could help improve sentiment, particularly for industrials and semiconductors, while renewed tariff escalation would likely add to inflation concerns.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Alibabareported ain Q4 earnings per sharePresident Trump added NvidiaCEO Jensen Huang to the CEO delegation traveling with him to meet Xi Jinping in China,Amazonintroduced itspersonalized AI assistantTower Semiconductorreportedand signed silicon photonics contracts for $1.3BEquinox Goldand Orla Miningagreed to an2. WALL STREET CALLS:LeerinkJ&Jto Outperform on new drug momentumAkamaito Buy at BofAWendy'sto Buy at Argus on take-private reportsUnder Armourto Hold at Stifel on persistent challenges to sales growthZoomInfoto Underperform at Mizuho3. AROUND THE WEB:BYDis negotiating with Stellantisand other European car makers to take over underused factories in the region, Bloomberg reportsJPMorganis set to reshuffle senior roles in its investment bank as part of a wider reorganization, FT reportsWalmartis cutting or relocating about 1,000 corporate roles, WSJ saysNike'sstruggling China business has become a cautionary tale, WSJ reportsAnthropic is in talks to raise between $30B and $50B in a funding round that would value it at up to $950B, NY Times says4. MOVERS:Energy Vaultrises announcing awith EskomVelo3Dhigher afterNextpowergains after reportingand agreeing to acquire Zigor's power conversion businessKarmanfalls afterResideolower afterand reaffirming its guidance for Q2 and FY265. EARNINGS/GUIDANCE:OkloreportedEos Energyreportedand provided FY26 revenue guidanceWix.comreportedKornit DigitalreportedGlobal-e Onlineprovided areport for Q1INDEXES:Near midday, the Dow was down 0.48%, or 239.51, to 49,521.05, the Nasdaq was up 0.85%, or 221.76, to 26,309.96, and the S&P 500 was up 0.27%, or 19.97, to 7,420.93.

High-flying semiconductors and memory names were some of the worst-hit stocks on Tuesday as investors - fretting over the speed of the AI and data center demand frenzy - pulled back on Tech exposure.  The worst performer in the S&P 500 - Qualcomm- was down over 11% after the stock's advance of 87% in just 3 weeks at its highs overnight.  Intel, Sandisk, Western Digitaland Micron,were down 7%, 6%, 5%, and 4% respectively, though all four names remain in the top 10 ranking in terms of S&P 500's best performers for the year.  The rotation from high-momentum to value benefited the Healthcare space, which was the best performing sector in the benchmark today but remains the index's worst sector for the year - Humanawas a standout here with a gain of over 7%, as the stock has now nearly doubled from its late-March lows.Sentiment is cautious in the evening session as S&P e-minis and Nasdaq 100 contracts are both flat.  In commodities, WTI Crude Oil remains bid just below $102 per barrel as Middle East tension remains unresolved while base metals continue to trend higher as traders adjust to re-heating inflation expectations, with Copper up for the 4th straight session above $6.60.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Velo3Dup 22.3%SELLAS Life Sciences Groupup 14.4%Nextpowerup 10.5%Arterisup 7.0%ALSO HIGHER -Energy Vaultup 5.1% after announcing strategic development agreement with EskomDOWN AFTER EARNINGS -Karman Holdingsdown 10.4%Resideo Technologiesdown 7.3%Infinity Natural Resourcesdown 7.2%Astronicsdown 5.4%Paysigndown 3.8%Kura Oncologydown 2.1%Oklodown 1.5%