Energy Vault (NYSE:NRGV) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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

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 Performance

Energy Vault stock traded down $0.16 on Monday, hitting $3.79. The company’s stock had a trading volume of 662,060 shares, compared to its average volume of 4,493,698. Energy Vault has a one year low of $2.50 and a one year high of $6.64. The company has a fifty day moving average price of $3.76 and a 200-day moving average price of $4.02. The firm has a market cap of $688.26 million, a P/E ratio of -5.75 and a beta of 1.25. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07.

Insider Buying and Selling

In related news, Director Dylan Hixon bought 27,472 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of $3.88 per share, for a total transaction of $106,591.36. Following the transaction, the director owned 27,472 shares in the company, valued at $106,591.36. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephanie Unwin sold 115,000 shares of the firm’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 transaction of $426,650.00. Following the completion of the sale, the director owned 182,245 shares in the company, valued at approximately $676,128.95. The trade was 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

NRGV has been the subject of a number of recent research reports. Roth Capital reiterated a “buy” rating and set a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Citigroup lifted their target price on shares of Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Fundamental Research set a $8.03 target price on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings downgraded shares of 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 issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.01.

Energy Vault Company Profile

Energy Vault Holdings, Inc (NYSE: NRGV) develops and deploys long-duration energy storage systems designed to help utilities, renewable energy developers and industrial customers store electricity and improve grid reliability. Its solutions are intended to complement intermittent renewable power sources such as wind and solar by storing energy when supply is abundant and releasing it when demand is higher.

The company’s portfolio includes gravity-based energy storage systems, which use mechanical structures and heavy materials to store and release energy, as well as battery energy storage solutions.