Nvidia, AMD to pay 15% of China chip sales revenue to US govt- FT
Christopher Wiese, Chief Operating Officer of Energy Vault Holdings , Inc. (NASDAQ:NRGV), sold 4,946 shares of common stock on July 18, 2025. The shares were sold at $0.8105, for a total transaction value of $4,008. The transaction comes as the company’s stock has declined over 60% in the past six months, with InvestingPro analysis showing concerning cash burn rates and high price volatility.
Following the transaction, Wiese directly owns 1,157,938 shares of Energy Vault Holdings, Inc. The sale was executed to cover the reporting person’s tax liability on vesting of restricted stock units. With a market capitalization of $127 million and the next earnings report due on August 12, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research report, one of 1,400+ available for US equities.
In other recent news, Energy Vault Holdings Inc (NYSE:NRGV). reported its first-quarter 2025 earnings, showcasing a 10% year-over-year revenue increase to $8.5 million, although it missed earnings per share forecasts by reporting -$0.14 compared to the expected -$0.12. Despite this earnings miss, the company maintains its 2025 revenue guidance, driven by strategic partnerships and innovative product developments. Energy Vault has signed a notable 10-year, 30 GWh license agreement with India’s SPML Infra, expanding its footprint in the energy storage market. The company also announced the commissioning of its first owned energy storage assets in Texas and California, marking a significant operational milestone.
Additionally, Energy Vault and Jupiter Power have agreed to supply a 100 MW/200 MWh battery energy storage system to the Electric Reliability Council of Texas (ERCOT) region, with commercial operations expected by the end of summer 2025. This development is part of an ongoing partnership that began in 2022. Energy Vault’s gross margin improved significantly to 57.1% from 26.7% the previous year, reflecting a favorable revenue mix and cost management. The company’s cash position also strengthened, ending the quarter at $47.2 million, up from $30.1 million at the end of 2024.
Energy Vault continues to pursue its build, own, and operate strategy, with plans to achieve approximately $100 million in recurring annual EBITDA from its energy storage assets. The company’s innovative approach includes a range of energy storage technologies, such as battery, gravity, and green hydrogen, supported by its energy management system software and integration platform. These developments underscore Energy Vault’s commitment to expanding its presence in the energy storage sector and enhancing its financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.