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

Energy Vault (NYSE:NRGV - Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.21), Zacks reports. The firm had revenue of $38.95 million for 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 Up 4.6 %

Shares of NYSE:NRGV traded up $0.04 during midday trading on Friday, hitting $0.95. 1,865,150 shares of the stock traded hands, compared to its average volume of 1,014,686. The stock has a market capitalization of $145.12 million, a PE ratio of -1.47 and a beta of 0.45. The business's 50 day moving average is $1.54 and its two-hundred day moving average is $1.56. Energy Vault has a one year low of $0.78 and a one year high of $2.70.

Analysts Set New Price Targets

Several brokerages recently issued reports on NRGV. Roth Mkm cut their target price on shares of Energy Vault from $2.50 to $1.50 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group cut their target price on shares of Energy Vault from $1.00 to $0.75 and set a "sell" rating for the company in a research report on Wednesday. Finally, TD Cowen cut their price target on shares of Energy Vault from $2.50 to $2.00 and set a "buy" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, Energy Vault presently has an average rating of "Hold" and an average price target of $1.60.

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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.