Energy Vault Holdings Inc. (NRGV) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, NRGV carries an RQD score of 25 and a letter grade of E, with the verdict label "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars, each scored out of 20, are:

• Fundamental cash engine: 5 / 20. The rating cites ROIC of -35% and an FCF yield of -7.86%. For a prospective investor, this means the business is not currently generating returns on invested capital or free cash flow to shareholders, so any valuation case must rest on future improvement rather than present earnings power.
• Whale 13F flow: 5 / 20. The rating reflects institutional accumulation and options positioning as weak. Investors should not assume that large institutional holders are providing a supportive signal for the stock at present.
• Insider conviction: 3 / 20. The rating references SEC Form 4 and Congressional PTR cluster flow, scored at the low end. Limited insider conviction is a caution flag when the operating picture is negative.
• Macro regime fit: 4 / 20. The rating cites a beta of 1.0 and sector sensitivity. The stock moves in line with the broad market by this measure, so it offers no defensive cushion from market-wide moves.
• Forensic balance sheet: 8 / 20. The rating cites an Altman Z of 0.2, a Piotroski F-Score of 4/9, and a Debt/Equity of 0.43. The Altman Z reading sits in the distress range as a forensic warning, and the Piotroski score signals weak financial strength.

Taken together, the pillar scores point to a stock where cash generation, institutional support, insider conviction, and balance-sheet health are all weak. The valuation tradeoff is that a low share price ($3.27) does not by itself make the equity cheap if losses and cash burn persist. Upside requires operational inflection that the current source data does not show.

Per the market data, gross margin is 23.6%, operating margin is -36.5%, and net margin is -50.9%, with ROIC of -35%. Per the Roarable RQD rating, the Altman Z-Score is 0.2 and the Piotroski F-Score is 4/9, both reflecting weak financial health. Per the same rating, Debt/Equity is 0.43. Reported losses persisted across all three periods, and free cash flow was negative in each year shown.

Per the recent news feed, the key items are:

• Stock Titan reports that 2026 revenue is expected in the top half of its range, with Energy Vault set to share its first 2027 forecast on Nov. 10.
• MarketBeat reports heavy call option buying in NRGV.
• Simply Wall St publishes a stock forecast and analyst predictions piece, which is not itself a consensus data point.
• MarketBeat reports NRGV shares down 6.8%.
• Stock Titan reports that Rolls-Royce technology will feature in 275 megawatts of planned engine capacity for AI data centers.
• A third-party report notes NRGV slipping to $3.82 and testing near-term support, citing an exhaustion gap.

Every news item carries a YELLOW light and MARKET WIRE impact label in the source. Risk watch items are the 2027 forecast timing, the share price decline, and the reported Rolls-Royce-related capacity plan. The Butterfly supply-chain graph reports no supply-chain links and no proprietary signals.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. Upstream and downstream dependencies cannot be mapped from source data. Sector correlations beyond the Industrials classification are not available in source data. The Rolls-Royce capacity reference in the news feed is the only named external dependency, but the source does not establish its contractual or supply-chain significance.

• What are the 2026 revenue range and the first 2027 forecast figures expected on Nov. 10, and how do they compare with FY 2025 revenue of $203.7M?
• What drives the gap between FY 2025 revenue ($203.7M) and FY 2024 revenue ($46.2M), and is the revenue base repeatable?
• What are the FY 2025 EPS and cash and debt balances for FY 2023, which are recorded as N/A or unavailable in the source?
• What are the P/E, forward P/E, and EV/EBITDA multiples, which the source does not provide?
• Which institutional holders, insiders, and analysts are associated with NRGV, given that the holders and analyst data sections are empty?