Larry Paulson, a director at Energy Vault Holdings (NASDAQ:NRGV), bought 5,000 shares of the company’s common stock on February 27, 2026, at a price of $3.1452 per share. The transaction totaled $15,726. Following this purchase, Paulson’s direct stake in Energy Vault stands at 501,768 shares. In addition, he holds an indirect interest of 609,256 shares through the Larry M and Gretchen V Paulson Family Trust.
The trade occurred against a backdrop of mixed recent market performance for Energy Vault’s stock. Over the past 12 months the shares have climbed 121%, and they are up 43% over the last six months. However, year-to-date the stock has fallen 35%, illustrating pronounced short-term volatility.
Company financials and recent transactions
Energy Vault reported a notable financial milestone for the fourth quarter of 2025, recording its first positive Adjusted EBITDA in a range of $5 million to $10 million. The company also expanded its liquidity position substantially, ending 2025 with more than $100 million in cash after increasing reserves by over 300% year-over-year. That cash build was supported by a financing transaction that yielded $135.5 million after deductions.
The company’s capital structure and financing activity saw further movement. Initial purchasers, including Jefferies LLC and Citigroup Global Markets Inc., exercised an option that led Energy Vault to issue an additional $10 million in convertible senior notes. Energy Vault also entered into a second amendment to its Securities Purchase Agreement with YA II PN, Ltd., adjusting terms related to previously issued convertible debentures.
Strategic partnerships and supply agreements
On the commercial front, Energy Vault announced a collaboration with Peak Energy to co-develop energy storage solutions oriented toward AI workloads. The agreement pairs Peak’s sodium-ion batteries with Energy Vault’s digital platform and includes an initial 1.5 GWh offtake of Peak’s batteries. The arrangement is intended to strengthen supply chain stability and positions the companies to pursue potential tax credits.
Investor resources
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Paulson’s recent purchase is modest in dollar terms but increases his direct holdings, while the company’s reported profitability, enlarged cash position and multiple financing and strategic moves indicate an active period for Energy Vault as it executes on both capital and commercial fronts.