Energy Vault (NYSE:NRGV) Posts Earnings Results, Misses Estimates By $0.05 EPS

Energy Vault (NYSE:NRGV) announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05), Zacks reports. Energy Vault had a negative net margin of 52.97% and a negative return on equity of 171.09%. The firm had revenue of $21.88 million for the quarter, compared to analysts’ expectations of $20.72 million.

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

• Energy Vault has transitioned into an integrated IPP and digital infrastructure platform with a record backlog of $1.35 billion, over 1 GW of assets under control, and visibility to a ~$180 million recurring EBITDA run rate, signaling a shift toward long-duration, higher‑margin cash flows.
• Management highlighted strong AI power‑infrastructure momentum — 100 MW of powered land/shell announced (75 MW in construction with COD targeted Jan 2027) and powered land/shell expected to deliver ~$65 million recurring EBITDA in the next 12–18 months, with potential expansion to ~1 GW under study.
• Q1 financials show rapid top‑line growth and liquidity improvements with revenue of $21.9 million (+156% YoY), adjusted gross margin ~27.9%, cash of $117.1 million, and reaffirmed 2026 guidance of $225–300 million revenue and year‑end cash $150–200 million.
• Profitability remains pressured as the company invests in its own‑and‑operate strategy — adjusted EBITDA was negative $13.6 million and adjusted net income negative $20 million, driven by higher D&A, personnel and project financing costs.

Energy Vault Price Performance

NYSE:NRGV traded up $0.20 during mid-day trading on Monday, hitting $5.25. 1,257,242 shares of the company’s stock traded hands, compared to its average volume of 3,996,083. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $935.10 million, a PE ratio of -7.40 and a beta of 1.15. The firm’s 50 day simple moving average is $4.19 and its 200 day simple moving average is $4.19. Energy Vault has a 1 year low of $0.65 and a 1 year high of $6.40.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NRGV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Energy Vault in a report on Wednesday. The Goldman Sachs Group raised their price objective on Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Thursday, March 19th. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, Wall Street Zen lowered shares of Energy Vault from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Energy Vault currently has an average rating of “Reduce” and a consensus price target of $5.02.

Insider Activity

In other news, CFO Michael Thomas Beer sold 65,000 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $3.18, for a total value of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares in the company, valued at $3,373,805.10. This represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energy Vault

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Energy Vault by 1,004.0% during the fourth quarter. State Street Corp now owns 5,697,735 shares of the company’s stock valued at $26,267,000 after acquiring an additional 5,181,624 shares during the last quarter. Millennium Management LLC raised its stake in Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after purchasing an additional 3,430,094 shares during the last quarter. Invesco Ltd. acquired a new position in Energy Vault in the 4th quarter valued at about $11,454,000. Marshall Wace LLP lifted its holdings in Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock valued at $14,725,000 after purchasing an additional 1,821,462 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Energy Vault by 438.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,123,341 shares of the company’s stock valued at $5,179,000 after purchasing an additional 914,543 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.