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

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

Energy Vault Trading Down 21.0 %

NRGV traded down $0.24 on Tuesday, hitting $0.90. 5,403,643 shares of the company were exchanged, compared to its average volume of 971,203. Energy Vault has a twelve month low of $0.78 and a twelve month high of $2.70. The company has a market cap of $137.06 million, a price-to-earnings ratio of -1.39 and a beta of 0.45. The firm has a 50-day moving average price of $1.64 and a two-hundred day moving average price of $1.57.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their target price on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.