Energy Vault (NRGV) Projected to Post Earnings on Monday

Energy Vault (NYSE:NRGV - Get Free Report) is anticipated to issue its Q4 2024 quarterly earnings data after the market closes on Monday, March 17th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $42.51 million for the quarter. Energy Vault has set its FY 2025 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.21). Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. The firm had revenue of $38.95 million during the quarter, compared to analysts' expectations of $42.51 million. On average, analysts expect Energy Vault to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Energy Vault Stock Performance

Shares of NRGV stock traded down $0.24 during trading hours 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 one year low of $0.78 and a one year high of $2.70. The business's 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $1.57. The stock has a market capitalization of $137.06 million, a price-to-earnings ratio of -1.39 and a beta of 0.45.

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Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their price target on shares of Energy Vault from $2.50 to $2.00 and set a "buy" rating on the stock in a research 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 data from MarketBeat, the company 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.