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

Energy Vault (NYSE:NRGV) announced 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. The business had revenue of $38.95 million during the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of NYSE NRGV traded down $0.24 during trading hours on Tuesday, hitting $0.90. The company’s stock had a trading volume of 5,196,888 shares, compared to its average volume of 971,203. The business has a 50-day simple moving average of $1.64 and a 200-day simple moving average of $1.57. The stock has a market cap of $137.06 million, a price-to-earnings ratio of -1.39 and a beta of 0.45. Energy Vault has a 12 month low of $0.78 and a 12 month high of $2.70.

Analyst Ratings Changes

Separately, TD Cowen dropped their target price on Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and three have given 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.