Energy Vault (NYSE:NRGV) Issues Earnings Results

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

Energy Vault Stock Performance

NRGV traded down $0.24 during trading on Tuesday, hitting $0.90. The stock had a trading volume of 5,403,643 shares, compared to its average volume of 1,038,239. The company has a market capitalization of $137.06 million, a PE ratio of -1.39 and a beta of 0.45. Energy Vault has a twelve month low of $0.78 and a twelve month high of $2.70. The stock has a 50 day simple moving average of $1.64 and a two-hundred day simple moving average of $1.57.

Wall Street Analysts Forecast Growth

Separately, TD Cowen dropped their price objective 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 analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.