Energy Vault Holdings, Inc. (NRGV), a provider of energy storage solutions, saw its stock price soar by an impressive 22.76% during Tuesday's trading session. This significant surge follows a strong pre-market performance and builds upon the previous day's gains, as investors continue to react positively to the company's recent earnings report and strategic developments.

Despite reporting third-quarter revenue that fell short of analyst expectations, Energy Vault has maintained investor confidence by reaffirming its full-year 2025 guidance. The company projects revenue between $200-250 million and a gross margin of 14-16%. Energy Vault's Q3 2025 revenue came in at $33.32 million, representing a remarkable 27-fold increase year-over-year. Additionally, the company's adjusted EBITDA loss narrowed by 59% to $6.0 million, indicating improved operational efficiency.

Adding to the positive sentiment, Energy Vault recently closed a $300 million preferred equity agreement for its Asset Vault business, potentially strengthening its financial position and growth prospects. The company also aims to have $75-100 million in total cash by the end of 2025. These strategic moves, combined with the company's strong year-over-year growth and maintained guidance, appear to be driving the stock's substantial rally as investors focus on Energy Vault's long-term potential in the growing energy storage market.