Energy Vault (NYSE:NRGV) Issues Quarterly Earnings Results

Energy Vault (NYSE:NRGV) announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03), Zacks reports. The business had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%.

Here are the key takeaways from Energy Vault’s conference call:

• Backlog reached approximately $2 billion as of August 10, up about 40% sequentially and more than doubling year over year. Roughly 60% consists of owned-and-operated projects for longer-term recurring earnings, while 40% supports nearer-term revenue conversion.
• Revenue more than doubled year over year to $17.4 million, while GAAP gross margin rose to 31% and adjusted gross margin increased to 38.6%. Management attributed the improvement to project execution and favorable mix rather than volume alone.
• Energy Vault raised 2026 revenue guidance to $270 million-$310 million from $225 million-$300 million, increased the gross-margin range to 20%-25%, and lifted the year-end cash target to $160 million-$200 million. Management expects most second-half revenue to be recognized in the fourth quarter.
• The company highlighted a 1.25-gigawatt hyperscaler agreement, its largest contract to date, representing an estimated $500 million-$600 million of revenue, with some deliveries expected in Q4 2026 and most revenue in 2027. The behind-the-meter gas generation and storage platform is intended to address AI data-center demand for faster access to power.
• Despite higher revenue and gross profit, adjusted operating expenses increased to $23.7 million, adjusted net loss widened to $24.6 million, and adjusted EBITDA remained negative at $(17.0) million. The company also expects significant working-capital needs as it funds equipment and project deliveries, partly supported by an accounts-receivable facility.

Energy Vault Stock Up 1.5%

Shares of NYSE:NRGV opened at $4.77 on Wednesday. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. Energy Vault has a 52-week low of $2.50 and a 52-week high of $6.64. The business’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $3.97. The firm has a market cap of $867.38 million, a P/E ratio of -7.23 and a beta of 1.24.

Insider Activity

In related news, CFO Michael Beer sold 65,000 shares of Energy Vault stock in a transaction on Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the completion of the sale, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at approximately $4,168,968.48. This trade represents a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephanie Unwin sold 115,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total transaction of $426,650.00. Following the sale, the director owned 182,245 shares of the company’s stock, valued at $676,128.95. This trade represents a 38.69% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings cut shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Roth Capital reissued a “buy” rating and issued a $7.00 price target (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 target price on shares of Energy Vault in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.01.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and deploys energy-storage systems designed to help stabilize electric grids and integrate renewable power. The company’s technologies are intended to store electricity for later use, addressing the intermittent nature of sources such as wind and solar.

Its product portfolio includes gravity-based storage systems, including the EVx platform, which uses mechanical lifting and lowering of heavy composite blocks to store and release energy. Energy Vault also offers battery energy-storage systems, hybrid storage solutions, and VaultOS, a software platform designed to manage and optimize energy-storage assets.

Founded in 2017, Energy Vault became a publicly traded company in 2022 through a business combination with Novus Capital Corporation III.