Energy Vault (NYSE:NRGV) Issues Earnings Results, Misses Estimates By $0.21 EPS

Energy Vault (NYSE:NRGV) issued its earnings results on Monday. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.21), Zacks reports. The business had revenue of $38.95 million during the quarter, compared to analysts’ expectations of $42.51 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. Energy Vault updated its FY 2025 guidance to EPS.

Energy Vault Trading Down 21.0 %

NRGV stock opened at $0.90 on Wednesday. The firm’s 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.56. Energy Vault has a 12-month low of $0.78 and a 12-month high of $2.70. The stock has a market capitalization of $137.06 million, a price-to-earnings ratio of -1.39 and a beta of 0.45.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Energy Vault presently has an average rating of “Hold” and an average price target of $1.85.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.