Energy Vault Holdings: Portfolio Growing In Value, Future Looking Bright

Andres Veurink 2.2K Followers Follow Summary Energy Vault Holdings receives a reiterated Strong Buy rating, driven by overlooked backlog growth and robust long-term guidance. The recent 1.25 GW agreement could add $500–$600 million in revenue and boost gross profits, with margins expected at the higher end of 20–25%. Backlog value per GWh surged 52%, with a $2 billion backlog now 60% build-own-operate, supporting rapid revenue conversion and long-term EBITDA targets. NRGV targets $2 billion annualized EBITDA by 2030, implying substantial upside versus sector multiples if execution stays on track. MikeMareen/iStock via Getty Images Third Time’s The Charm This will now be the third time I’m covering Energy Vault Holdings ( NRGV ). The last time was back in June, and at this point I know I might be sounding like a broken This article was written by Andres Veurink 2.2K Followers Follow With over a decade of institutional investment experience, I specialize in identifying growth opportunities at the intersection of technological disruption and macro-thematic energy shifts. I've spent the majority of that time at a hedge fund here in Rotterdam, working my way up as an analyst. My work reflects rigorous standards as I myself have a very high standard as to what I invest my money in. My primary coverage spans the technology sector—with a focus on SaaS and cloud infrastructure—and the energy and minerals markets. I tend to be very data and trend driven in my work, analyzing unit economics and supply chain gaps among a number of other often overlooked areas in business and industries.I find these offer incredible growth opportunities and are also very fun to research and follow. It's a very active space with plenty of news coming out each week. Work is my own thoughts and research is done only by myself. Analyst’s Disclosure: I/we have a beneficial long position in the shares of NRGV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.