Energy Vault (NRGV) shares fell 5.02% in pre-market on Dec. 31 2025 amid mixed signals from earnings and strategic updates

Energy Vault (NYSE: NRGV) shares fell 5.0201% in pre-market trading on Dec. 31, 2025, amid mixed signals from recent earnings and strategic updates.

The decline follows the company’s third-quarter 2025 results, which missed revenue expectations ($33.3 million vs. ~$49 million) and reported a $0.16 loss per share. However, Energy Vault raised its FY-2025 revenue guidance to $200–250 million, citing progress in its Asset Vault strategy aimed at building a 1.5 GW portfolio through acquisitions and long-term asset management.

Positive momentum emerged from projections of $40 million in recurring EBITDA from Asset Vault Fund 1, signaling a shift toward sustainable cash flows. Analysts also upgraded the stock, with Fundamental Research raising its price target to $4.87 with a “buy” rating. Unusually heavy call-option buying further indicated speculative bullishness ahead of earnings.

Despite these factors, skepticism persisted due to ongoing quarterly losses, high negative margins, and a “Reduce” average rating from brokers. Investors remain divided between short-term execution risks and long-term growth potential tied to the Asset Vault platform’s scalability and recurring revenue model.