Energy Vault (NYSE:NRGV) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Energy Vault (NYSE:NRGV) posted its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02, FiscalAI reports. The firm had revenue of $13.07 million during the quarter, compared to analysts’ expectations of $13.52 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%.

Here are the key takeaways from Energy Vault’s conference call:

• Backlog reached $2.3 billion, up 147% year over year, with management expecting it to approach $3 billion by year-end. The company estimates 35%–40% will convert to revenue over the next 12–15 months.
• Energy Vault introduced 2027 guidance of $600 million–$700 million in revenue and $40 million–$50 million in positive EBITDA, with most revenue expected from contracted build-and-transfer work. Management said a large portion of the outlook is already covered by backlog.
• The company ended Q3 with $236 million in total cash, including restricted cash, after a $88 million sequential increase; corporate recourse debt fell $12 million to $221 million. Management said year-end cash guidance of $170 million–$200 million assumes no additional parent-level capital raise.
• Energy Vault is expanding its storage and AI-power opportunity, including a 2.3 GW U.S. battery-development portfolio acquired through Goshe and a 1.25 GW hybrid generation-and-storage agreement. Management cited growing interest in behind-the-meter solutions, while several owned-projects remain in development or financing and are expected to come online over time.
• Q3 revenue fell 61% year over year to $13.1 million, and adjusted EBITDA loss widened to $14.7 million from $6 million a year earlier. Reported margins benefited from a $4.3 million tariff refund; excluding it, adjusted gross margin was 48%, while operating expenses rose by $9 million year over year.

Energy Vault Stock Down 2.2%

NYSE:NRGV traded down $0.08 during midday trading on Tuesday, reaching $3.54. The company had a trading volume of 6,599,077 shares, compared to its average volume of 4,462,807. The firm has a market capitalization of $643.71 million, a price-to-earnings ratio of -5.36 and a beta of 1.33. The stock’s fifty day simple moving average is $3.58 and its 200-day simple moving average is $3.86. Energy Vault has a 12-month low of $2.46 and a 12-month high of $6.64. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07.

Analysts Set New Price Targets

A number of brokerages have issued reports on NRGV. Citigroup cut their target price on Energy Vault from $6.00 to $4.75 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Wall Street Zen lowered Energy Vault from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Roth Capital reaffirmed a “buy” rating and issued a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Weiss Ratings downgraded Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price objective on shares of Energy Vault in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.76.

Insider Buying and Selling at Energy Vault

In other Energy Vault news, Director Stephanie Unwin sold 115,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the sale, the director owned 182,245 shares in the company, valued at $676,128.95. This represents a 38.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dylan Hixon purchased 85,518 shares of the business’s stock in a transaction on Friday, August 14th. The shares were bought at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the acquisition, the director owned 1,103,185 shares in the company, valued at $4,125,911.90. This trade represents a 8.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 17.20% of the company’s stock.

Energy Vault Company Profile

Energy Vault Holdings, Inc. develops energy storage systems designed to help utilities, power producers and other customers store electricity and deliver it when needed. Its offerings include gravity-based storage systems, which use mechanical processes to store and release energy, as well as battery energy storage systems and hybrid solutions. The company also provides VaultOS, a software platform for monitoring and managing energy storage assets. Its systems are intended to support renewable energy integration, grid stability and other energy management needs.