Energy Vault (NYSE:NRGV) Releases Earnings Results, Misses Estimates By $0.06 EPS

Energy Vault (NYSE:NRGV) announced its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06), Zacks reports. The company had revenue of $153.31 million for the quarter, compared to analyst estimates of $152.57 million. Energy Vault had a negative return on equity of 98.91% and a negative net margin of 50.87%.

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

• Energy Vault reported a materially larger commercial footprint with a $1.3 billion revenue backlog and 540 MW of contracted capacity (includes AI/data‑infrastructure deals), giving the company multi‑year, high‑margin revenue visibility from 8–15 year contracts.
• Q4 revenue was strong at $153.3M and full‑year 2025 revenue was $203.7M, with gross margin improving to 23.6% and Q4 adjusted EBITDA turning positive at $9.8M, indicating improved unit economics and operational leverage.
• Liquidity and capital structure were strengthened: total cash of $103.4M at year‑end, closure of a $300M preferred equity vehicle (supporting ~$1B‑$1.2B of CapEx), and a $150M convertible note that funded repayment of higher‑cost debt.
• The shift to the Asset Vault own‑and‑operate model is accelerating recurring profitability potential—Asset Vault Fund 1 is expected to contribute roughly $60M of recurring adjusted EBITDA (with upside to $100M–$150M by 2029) as additional projects reach operation.
• Execution and timing risks remain material: results and guidance rely on project financings, ITC timing and deliveries (SOSA, Stoney Creek), and the company noted prior tariff/market volatility; FY‑2026 guidance and gross‑margin range (15%–25%) are relatively wide, leaving outcome uncertainty.

Energy Vault Stock Performance

Shares of NRGV stock opened at $3.59 on Thursday. The company has a market capitalization of $601.53 million, a price-to-earnings ratio of -5.52 and a beta of 0.98. Energy Vault has a 1-year low of $0.60 and a 1-year high of $6.35. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock’s fifty day simple moving average is $4.17 and its 200-day simple moving average is $3.78.

Insider Activity

In other Energy Vault news, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $4.91, for a total transaction of $245,500.00. Following the completion of the sale, the chief financial officer directly owned 1,150,522 shares in the company, valued at approximately $5,649,063.02. This trade represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5.65, for a total value of $16,950,000.00. Following the transaction, the insider directly owned 15,535,631 shares in the company, valued at approximately $87,776,315.15. This trade represents a 16.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders purchased 16,950 shares of company stock valued at $55,062. Company insiders own 15.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NRGV. Creative Planning lifted its holdings in shares of Energy Vault by 3.7% during the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock valued at $303,000 after buying an additional 3,690 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Energy Vault by 12.4% in the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock valued at $205,000 after buying an additional 4,897 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Energy Vault by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after buying an additional 7,742 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock valued at $96,000 after acquiring an additional 8,570 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new position in Energy Vault during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on NRGV shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $2.90.

More Energy Vault News

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

• Positive Sentiment: Management reported a large revenue ramp, an accelerating capacity build and a materially bigger backlog; management issued 2026 guidance calling for roughly 30% revenue growth (mid‑point) and signaled positive adjusted EBITDA and improved cash generation — factors driving bullish investor reaction. Read More. and Read More.
• Positive Sentiment: Company highlighted operational metrics: management says operating/contracted capacity rose sharply (TTM capacity ramp cited) and backlog grew materially (>$1.3bn noted in commentary), supporting multi‑year revenue visibility and investor confidence. Read More.
• Neutral Sentiment: Full earnings call and transcript are available for detailed read‑through of guidance assumptions, margins and backlog composition — useful for investors who want to vet revenue recognition, project timing and unit economics. Read More.
• Neutral Sentiment: Company published slide deck and conference call audio — review them to confirm backlog quality, cash‑flow bridge and capex/timing assumptions that underpin 2026 guidance. Read More.
• Negative Sentiment: NRGV reported a GAAP loss of $0.13/share (miss vs. consensus) and still shows negative net margins and negative ROE, signaling the company is not yet profitable on GAAP basis — a continued risk for valuation and for analysts focused on near‑term profitability. Read More.
• Negative Sentiment: Street skepticism remains — consensus ratings skew toward Reduce and short interest is a potential headwind; if execution or cash flow misses occur, the stock could quickly reprice. (See company commentary and market reaction for context.)

About Energy Vault

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.