Energy Vault Holdings (NRGV) stock is down Thursday despite an overall positive market, primarily due to concerns about dilution following an upsized $140 million convertible notes offering. While the offering boosts liquidity, such deals can lead to short-term selling pressure and investor worry about future equity dilution. The company also released improved preliminary Q4 2025 revenue guidance, exceeding analyst estimates, and announced a new deal expanding into AI data center infrastructure.
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Why Is Energy Vault Stock Falling Thursday?
Energy Vault Holdings (NRGV) stock is down Thursday despite an overall positive market, primarily due to concerns about dilution following an upsized $140 million convertible notes offering. While the offering boosts liquidity, such deals can lead to short-term selling pressure and investor worry about future equity dilution. The company also released improved preliminary Q4 2025 revenue guidance, exceeding analyst estimates, and announced a new deal expanding into AI data center infrastructure.