Energy Vault (NRGV) to Release Quarterly Earnings on Tuesday

Energy Vault (NYSE:NRGV - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $3.77 million during the quarter, compared to analyst estimates of $16.65 million. Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. During the same quarter last year, the company earned ($0.18) EPS. 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 Price Performance

Shares of Energy Vault stock traded up $0.15 during trading on Tuesday, hitting $2.20. The stock had a trading volume of 1,204,822 shares, compared to its average volume of 807,516. The firm has a market cap of $330.30 million, a P/E ratio of -3.60 and a beta of 0.45. The business has a fifty day moving average of $1.17 and a two-hundred day moving average of $1.14. Energy Vault has a fifty-two week low of $0.78 and a fifty-two week high of $3.22.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on Energy Vault from $2.50 to $2.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, Energy Vault presently has an average rating of "Hold" and a consensus target price of $2.25.

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.