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

Energy Vault (NYSE:NRGV) released its quarterly earnings data on Tuesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $14.24 million.

Energy Vault Trading Up 8.5%

NRGV traded up $0.28 on Tuesday, reaching $3.62. 6,580,955 shares of the company’s stock were exchanged, compared to its average volume of 4,591,322. 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 is $3.87 and its 200-day moving average is $3.98. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $646.16 million, a price-to-earnings ratio of -5.11 and a beta of 1.21.

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of the firm’s 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 17.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Energy Vault in the third quarter worth about $36,000. XTX Topco Ltd purchased a new stake in shares of Energy Vault during the 2nd quarter valued at about $39,000. Banco BTG Pactual S.A. purchased a new stake in shares of Energy Vault during the 3rd quarter valued at about $43,000. Kovack Advisors Inc. acquired a new position in Energy Vault during the 4th quarter worth approximately $49,000. Finally, Hsbc Holdings PLC purchased a new position in Energy Vault in the 4th quarter worth approximately $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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