Energy Vault (NYSE:NRGV) Releases Earnings Results, Misses Estimates By $0.01 EPS

Energy Vault (NYSE:NRGV) announced its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01), FiscalAI reports. Energy Vault had a negative return on equity of 171.09% and a negative net margin of 52.97%.The firm had revenue of $17.37 million during the quarter, compared to analysts’ expectations of $14.24 million.

Energy Vault Stock Performance

Shares of NRGV stock traded up $0.28 on Tuesday, hitting $3.62. The company had a trading volume of 8,465,421 shares, compared to its average volume of 4,611,572. The firm has a market cap of $646.16 million, a P/E ratio of -5.11 and a beta of 1.21. Energy Vault has a twelve month low of $1.34 and a twelve month high of $6.64. The company has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.98. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.94.

Insider Transactions at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the completion of the transaction, the chief financial officer directly owned 1,021,806 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Energy Vault

Institutional investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV purchased a new stake in Energy Vault during the third quarter worth $36,000. XTX Topco Ltd acquired a new stake in Energy Vault during the second quarter valued at $39,000. Banco BTG Pactual S.A. purchased a new position in Energy Vault in the third quarter valued at $43,000. Kovack Advisors Inc. purchased a new position in Energy Vault in the fourth quarter valued at $49,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Energy Vault in the fourth quarter worth about $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Energy Vault Company Profile

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.