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

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

Energy Vault Stock Down 21.0 %

Shares of NYSE NRGV traded down $0.24 during midday trading on Tuesday, hitting $0.90. The stock had a trading volume of 5,403,643 shares, compared to its average volume of 971,203. The company has a market capitalization of $137.06 million, a PE ratio of -1.39 and a beta of 0.45. The stock has a 50 day simple moving average of $1.64 and a 200-day simple moving average of $1.57. Energy Vault has a 1 year low of $0.78 and a 1 year high of $2.70.

Analyst Ratings Changes

Separately, TD Cowen dropped their price objective on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.