Energy Vault (NYSE:NRGV) Announces Quarterly Earnings Results

Energy Vault (NYSE:NRGV) posted its quarterly earnings results on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03), Zacks reports. The company 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 52.97% and a negative return on equity of 171.09%.

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 8.5%

Shares of NYSE NRGV opened at $3.62 on Wednesday. The business has a 50-day moving average of $3.83 and a two-hundred day moving average of $3.97. The company has a market capitalization of $646.16 million, a price-to-earnings ratio of -5.11 and a beta of 1.21. Energy Vault has a 1 year low of $1.34 and a 1 year high of $6.64. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44.

Analyst Ratings Changes

NRGV has been the subject of a number of analyst reports. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Citigroup raised shares of Energy Vault from a “neutral” rating to a “buy” rating and reduced their target price for the company from $5.25 to $5.00 in a report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Energy Vault in a research report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.01.

Insider Activity at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction dated Monday, July 6th. The stock was 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 in the company, valued at approximately $4,168,968.48. This represents a 5.98% decrease in their position. The transaction 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

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

Energy Vault News Summary

Here are the key news stories impacting Energy Vault this week:

• Positive Sentiment: Revenue and gross profit beat expectations: Second-quarter revenue reached approximately $17.4 million, more than doubling year over year and exceeding analyst estimates. Gross profit also increased roughly 114% to $5.4 million, supporting the bullish reaction. Energy Vault Stock Rises on Q2 2026 Earnings
• Positive Sentiment: Raised revenue outlook is above consensus: Energy Vault projected fiscal 2026 revenue of $270 million to $310 million, compared with the $256.7 million analyst consensus. The guidance suggests continued momentum in the company’s energy-storage and infrastructure business. Energy Vault Earnings Results
• Positive Sentiment: Analyst remains bullish: Cantor Fitzgerald reaffirmed its “overweight” rating and $7 price target, implying substantial upside from recent trading levels. The firm’s target is also above the median target of $5.25 from analysts tracked over the past six months. Cantor Fitzgerald Rating Update
• Neutral Sentiment: Mixed investor signals: Institutional ownership trends were generally supportive, with numerous funds adding shares, including a sizable reported increase by BlackRock. Recent insider activity was also mostly purchases, although Chief Financial Officer Michael Beer sold shares.
• Negative Sentiment: Profitability and cash flow remain concerns: Energy Vault reported a quarterly loss of approximately $0.17 to $0.18 per share, with results viewed as below some analyst estimates. Operating losses widened, net loss attributable to common shareholders approached $30 million, and operating cash flow was negative $30.6 million. The company ended the quarter with $93 million in cash against $337.9 million in liabilities, highlighting ongoing financing and execution risks. Energy Vault Reports Q2 Loss and Beats Revenue Estimates

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.