Energy Vault (NYSE:NRGV) Posts Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Energy Vault reported a quarterly loss of $0.14 per share, beating analyst expectations of a $0.16 loss, while revenue of $13.07 million fell short of estimates of $13.52 million.
• Revenue declined 61% year over year to $13.1 million, and the adjusted EBITDA loss widened to $14.7 million from $6 million a year earlier.
• Management said backlog grew 147% year over year to $2.3 billion and introduced 2027 guidance of $600 million–$700 million in revenue and $40 million–$50 million in positive EBITDA.

Energy Vault (NYSE:NRGV - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.02, FiscalAI reports. Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. The firm had revenue of $13.07 million for the quarter, compared to analyst estimates of $13.52 million.

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

• Backlog reached $2.3 billion, up 147% year over year, with management expecting it to approach $3 billion by year-end. The company estimates 35%–40% will convert to revenue over the next 12–15 months.
• Energy Vault introduced 2027 guidance of $600 million–$700 million in revenue and $40 million–$50 million in positive EBITDA, with most revenue expected from contracted build-and-transfer work. Management said a large portion of the outlook is already covered by backlog.
• The company ended Q3 with $236 million in total cash, including restricted cash, after a $88 million sequential increase; corporate recourse debt fell $12 million to $221 million. Management said year-end cash guidance of $170 million–$200 million assumes no additional parent-level capital raise.
• Energy Vault is expanding its storage and AI-power opportunity, including a 2.3 GW U.S. battery-development portfolio acquired through Goshe and a 1.25 GW hybrid generation-and-storage agreement. Management cited growing interest in behind-the-meter solutions, while several owned-projects remain in development or financing and are expected to come online over time.
• Q3 revenue fell 61% year over year to $13.1 million, and adjusted EBITDA loss widened to $14.7 million from $6 million a year earlier. Reported margins benefited from a $4.3 million tariff refund; excluding it, adjusted gross margin was 48%, while operating expenses rose by $9 million year over year.

Energy Vault Trading Down 2.2%

Energy Vault stock traded down $0.08 during midday trading on Tuesday, hitting $3.54. 6,599,077 shares of the stock were exchanged, compared to its average volume of 4,462,807. Energy Vault has a fifty-two week low of $2.46 and a fifty-two week high of $6.64. The stock has a market capitalization of $643.71 million, a price-to-earnings ratio of -5.36 and a beta of 1.33. The stock's 50-day simple moving average is $3.58 and its 200 day simple moving average is $3.86. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07.

Insider Transactions at Energy Vault

In other news, Director Dylan Hixon bought 85,518 shares of the firm's stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the acquisition, the director directly owned 1,103,185 shares of the company's stock, valued at $4,125,911.90. This trade represents a 8.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephanie Unwin sold 115,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total value of $426,650.00. Following the completion of the transaction, the director owned 182,245 shares in the company, valued at $676,128.95. This represents a 38.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by insiders.

Analyst Ratings Changes

NRGV has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $7.00 target price on shares of Energy Vault in a research note on Wednesday, August 12th. 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. Citigroup cut their price objective on shares of Energy Vault from $6.00 to $4.75 and set a "buy" rating for the company in a report on Wednesday, October 21st. Wall Street Zen lowered shares of Energy Vault from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings cut Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $5.76.

Energy Vault Company Profile

Energy Vault Holdings, Inc. develops energy storage systems designed to help utilities, power producers and other customers store electricity and deliver it when needed. Its offerings include gravity-based storage systems, which use mechanical processes to store and release energy, as well as battery energy storage systems and hybrid solutions. The company also provides VaultOS, a software platform for monitoring and managing energy storage assets. Its systems are intended to support renewable energy integration, grid stability and other energy management needs.

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