Is Energy Vault Holdings, Inc. (NRGV) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.3% / 30% | 5.3% / 30% | 5.2% / 30% | 11.99% / 5% | ✗ NOT HALAL |
| DJIM | 0.3% / 33% | 5.3% / 33% | 5.2% / 33% | 11.99% / 5% | ✗ NOT HALAL |
| MSCI | 0.7% / 33% | 14.7% / 33% | 14.4% / 33% | 11.99% / 5% | ✗ NOT HALAL |
| S&P | 0.3% / 33% | 5.3% / 33% | 5.2% / 33% | 11.99% / 5% | ✗ NOT HALAL |
| FTSE | 0.7% / 33% | 14.7% / 33% | 14.4% / 50% | 11.99% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 23.6% | |
| Operating Margin | -5.1% | |
| Net Margin | -50.9% | |
| Return on Equity (ROE) | -96.5% | |
| Return on Assets (ROA) | -18.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$56M |
| Free Cash Flow | -$115M |
| Total Debt | $1M |
| Debt-to-Equity | 109.6 |
| Current Ratio | 0.7 |
| Total Assets | $184M |
Price & Trading
| Last Close | $3.52 |
| 50-Day MA | $3.93 |
| 200-Day MA | $3.03 |
| Avg Volume | 3.7M |
| Beta | 1.0 |
|
52-Week Range
$0.60
| |
About Energy Vault Holdings, Inc. (NRGV)
Energy Vault Holdings, Inc. develops and deploys utility-scale energy storage solutions in the United States, Switzerland, United Kingdom, North America, Australia, and internationally. The company offers B-Vault, an electrochemical battery energy storage solution for short-duration energy storage needs; G-Vault, a gravity energy storage solution for long-duration energy storage needs; and H-Vault, a hydrogen or hybrid energy storage solution. It also provides software solutions, such as Vault-OS Energy Management System which provides real-time monitoring, operational control, and optimized dispatch across an array of generation and short to ultra-long duration energy storage assets; Vault-Bidder, which utilizes artificial intelligence to leverage diverse, live data from directly monitored assets and external drivers to provide dispatch and revenue optimization; and Vault-Manager, which converts diverse, real-time data into clear asset performance visibility and insights, facilitating improved decision-making regarding maintenance, augmentation, and expansion. Energy Vault Holdings, Inc. was founded in 2020 and is headquartered in Westlake Village, California.
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Frequently Asked Questions
Is Energy Vault Holdings, Inc. (NRGV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Energy Vault Holdings, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Energy Vault Holdings, Inc.'s debt ratio?
Energy Vault Holdings, Inc.'s debt ratio is 0.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.7%.
What are Energy Vault Holdings, Inc.'s key financial metrics?
Energy Vault Holdings, Inc. has a market capitalization of $609M, and revenue of $46M. The company maintains a gross margin of 23.6% and a net margin of -50.9%. Return on equity stands at -96.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.