Energy Vault (NYSE:NRGV) Issues Quarterly Earnings Results

Energy Vault (NYSE:NRGV) issued its 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 for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative return on equity of 184.45% and a negative net margin of 48.58%.

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 Trading Up 8.7%

NYSE:NRGV opened at $3.89 on Thursday. The company has a debt-to-equity ratio of 4.94, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50-day simple moving average is $3.79 and its 200-day simple moving average is $3.96. Energy Vault has a fifty-two week low of $1.36 and a fifty-two week high of $6.64. The stock has a market capitalization of $693.39 million, a PE ratio of -5.89 and a beta of 1.21.

Insider Transactions at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction that occurred 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. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 17.20% of the company’s stock.

Institutional Trading of Energy Vault

Hedge funds and other institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault during the third quarter worth about $36,000. XTX Topco Ltd bought a new position in shares of Energy Vault during the 2nd quarter worth approximately $39,000. Banco BTG Pactual S.A. acquired a new stake in shares of Energy Vault in the third quarter valued at approximately $43,000. Kovack Advisors Inc. bought a new stake in shares of Energy Vault in the fourth quarter worth $49,000. Finally, Hsbc Holdings PLC acquired a new position in Energy Vault during the fourth quarter worth $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday, May 27th. 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 issued a $7.00 target price on shares of Energy Vault in a report on Wednesday. Finally, Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and cut their target price for the stock from $5.25 to $5.00 in a report on Wednesday, July 22nd. Four 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. According to MarketBeat, Energy Vault presently has an average rating of “Hold” and a consensus target price of $5.41.

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.