Energy Vault (NYSE:NRGV) Posts Earnings Results

Energy Vault (NYSE:NRGV) posted its quarterly earnings results 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. The company had revenue of $38.95 million during the quarter, compared to analysts’ expectations 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 Price Performance

NRGV stock traded down $0.24 during midday trading on Tuesday, hitting $0.90. 5,403,643 shares of the stock traded hands, compared to its average volume of 1,038,239. The firm has a market cap of $137.06 million, a P/E ratio of -1.39 and a beta of 0.45. The stock’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $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 decreased their price target on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Energy Vault presently has an average rating of “Hold” and an average target price 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.