Energy Vault (NYSE:NRGV) Releases Earnings Results, Misses Expectations By $0.21 EPS

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

Energy Vault Price Performance

NYSE:NRGV opened at $0.90 on Wednesday. Energy Vault has a one year low of $0.78 and a one year high of $2.70. The company’s 50-day simple moving average is $1.61 and its 200 day simple moving average is $1.56. The firm has a market capitalization of $137.06 million, a P/E ratio of -1.39 and a beta of 0.45.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut 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 note on Tuesday. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1.85.

About Energy Vault

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.