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

Energy Vault (NYSE:NRGV - Get Free Report) 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 company had revenue of $38.95 million for the quarter, compared to analyst estimates of $42.51 million. Energy Vault updated its FY 2025 guidance to EPS.

Energy Vault Stock Up 4.6 %

Energy Vault stock traded up $0.04 during mid-day trading on Friday, hitting $0.95. 1,865,150 shares of the company's stock traded hands, compared to its average volume of 1,014,686. The firm has a 50 day moving average price of $1.54 and a 200 day moving average price of $1.56. The company has a market cap of $145.12 million, a PE ratio of -1.47 and a beta of 0.45. Energy Vault has a one year low of $0.78 and a one year high of $2.70.

Analyst Upgrades and Downgrades

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

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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.