Energy Vault (NRGV) Projected to Post Quarterly Earnings on Monday

Energy Vault (NYSE:NRGV - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Monday, May 12th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $25.04 million for the quarter. Energy Vault has set its FY 2025 guidance at EPS.

Energy Vault (NYSE:NRGV - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.21). Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. The company had revenue of $38.95 million during the quarter, compared to the consensus estimate of $42.51 million. On average, analysts expect Energy Vault to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Energy Vault Stock Performance

NYSE:NRGV traded up $0.07 during mid-day trading on Wednesday, hitting $0.76. The company had a trading volume of 1,303,176 shares, compared to its average volume of 1,129,334. The firm has a market cap of $117.22 million, a P/E ratio of -1.17 and a beta of 0.72. Energy Vault has a fifty-two week low of $0.60 and a fifty-two week high of $2.70. The business's fifty day moving average is $0.85 and its two-hundred day moving average is $1.49.

Insider Buying and Selling at Energy Vault

In other news, insider Akshay Ladwa sold 57,033 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $0.71, for a total value of $40,493.43. Following the completion of the transaction, the insider now owns 2,213,618 shares in the company, valued at $1,571,668.78. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 159,132 shares of company stock worth $128,302. Corporate insiders own 15.40% of the company's stock.

Analysts Set New Price Targets

NRGV has been the topic of a number of recent analyst reports. TD Cowen reduced their price target on shares of Energy Vault from $2.50 to $2.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Roth Mkm decreased their target price on Energy Vault from $2.50 to $1.50 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their price target on Energy Vault from $1.00 to $0.75 and set a "sell" rating on the stock in a research report on Wednesday, March 19th.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.