Why These Energy Stocks are Losing This Week

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1. Energy Vault Holdings, Inc. (NYSE:NRGV)

Share Price Decline Between Feb. 11 and Feb. 18: 24.38% 

Topping our list of the Energy Stocks that Lost This Week is Energy Vault Holdings, Inc. (NYSE:NRGV). The company develops and deploys utility-scale energy storage solutions in the United States, Australia, and internationally.

Energy Vault Holdings, Inc. (NYSE:NRGV) plummeted on February 12 after the company announced a $140 million private offering of 5.250% convertible senior notes due 2031. The offering was upsized from the previously announced figure of $125 million. The initial conversion rate is 193.1807 shares of the company’s common stock per $1,000 principal amount of the notes, indicating a 27.5% premium to NRGV’s share price on February 11.

Energy Vault Holdings, Inc. (NYSE:NRGV) intends to use the proceeds to cover capped call costs, redeem $35 million-$45 million of existing YA II PN, Ltd. debentures, and for general corporate purposes like debt repayment and growth.

Following the recent downturn, the share price of Energy Vault Holdings, Inc. (NYSE:NRGV) has fallen by over 37% since the beginning of 2026.

While we acknowledge the potential of NRGV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NRGV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Crude Oil Stocks to Buy as Tensions Rise and 10 Best American Oil and Gas Stocks to Buy.

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