NRGV Stock Analysis: Energy Vault’s 340% Revenue Growth, $1.3B Backlog, and the AI Datacenter Trade
The Quick Version Energy Vault (NYSE: NRGV) just reported FY2025 revenue of $203.7 million — up 340% year-over-year — with Q4 revenue alone hitting $153.3 million. The company turned adjusted EBITDA positive in Q4 for the first time, gross margin expanded to 23.6%, and contracted backlog exploded to $1.3 billion (up 300% from the prior …