Energy Vault (NYSE:NRGV) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Energy Vault (NYSE:NRGVGet Free Report) posted its earnings results on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01), FiscalAI reports. The business had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $14.24 million. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%.

Energy Vault Stock Performance

NRGV traded up $0.28 during trading on Tuesday, hitting $3.62. The stock had a trading volume of 6,580,955 shares, compared to its average volume of 4,591,322. The firm has a market capitalization of $646.16 million, a P/E ratio of -5.11 and a beta of 1.21. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. Energy Vault has a twelve month low of $1.34 and a twelve month high of $6.64. The company’s 50-day moving average price is $3.87 and its 200 day moving average price is $3.98.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NRGV shares. Citigroup raised shares of Energy Vault from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Cantor Fitzgerald assumed coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 target price on the stock. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut shares of Energy Vault from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.01.

Check Out Our Latest Research Report on Energy Vault

Insider Activity at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the sale, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.20% of the company’s stock.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors have recently added to or reduced their stakes in NRGV. Nomura Holdings Inc. raised its stake in shares of Energy Vault by 27.3% during the 3rd quarter. Nomura Holdings Inc. now owns 83,689 shares of the company’s stock worth $249,000 after buying an additional 17,961 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Energy Vault by 171.4% in the third quarter. Virtu Financial LLC now owns 72,136 shares of the company’s stock valued at $214,000 after buying an additional 45,555 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Energy Vault by 12.4% during the fourth quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after acquiring an additional 4,897 shares during the period. Cetera Investment Advisers grew its holdings in Energy Vault by 90.9% during the fourth quarter. Cetera Investment Advisers now owns 43,044 shares of the company’s stock worth $198,000 after acquiring an additional 20,500 shares during the period. Finally, Two Sigma Investments LP purchased a new position in Energy Vault in the third quarter worth $182,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About Energy Vault

(Get Free Report)

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.

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Earnings History for Energy Vault (NYSE:NRGV)

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