Education
About Us
Working with TipRanks
Follow Us
Energy Vault Holdings (NRGV)
NYSE:NRGV
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -16.67%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as significant contract bookings and the securing of a long-term energy service agreement, alongside challenges including lower than expected revenue and cash position, and issues related to a supplier bankruptcy and credit losses. While the company is making strategic moves for long-term growth, immediate financial metrics have been impacted by external factors and transitional decisions.Company Guidance
During Energy Vault's Fourth Quarter 2024 earnings call, significant guidance and metrics were shared, highlighting the company's strategic developments and financial outlook. The company emphasized its focus on the build, own, and operate strategy, particularly with the Stoney Creek Battery Energy Storage System (BESS) project in New South Wales. This project, initially valued at AUD350 million (~US$220 million), now operates under a Long-Term Energy Service Agreement (LTESA) over 14 years, guaranteeing a minimum of $20 million in revenue, with potential earnings up to $36 million annually and a 50-50 revenue share above that. Energy Vault reported a contract backlog growth from $350 million to $660 million, indicating a strong future revenue trajectory. Despite a transitional year for project starts, 2024 recognized revenue was $46.2 million, slightly below expectations due to strategic choices to retain ownership of some infrastructure assets. The company concluded 2024 with improved gross margins of 13.5% and aims for a 2025 revenue target between $200 million to $300 million, driven by its significant backlog and ongoing projects in Australia and the U.S.Significant Increase in Contract Bookings
Contract bookings increased significantly quarter-over-quarter by 90%, growing the backlog to $660 million from $350 million, representing a 3x growth from the May 2024 Investor Day and a 4x growth from one year ago.
Long-Term Energy Service Agreement for Stoney Creek
Energy Vault secured a 14-year Long-Term Energy Service Agreement (LTESA) for the Stoney Creek project, guaranteeing a minimum of $20 million in revenue with potential merchant revenue up to $36 million per year.
Gross Margin Improvement
Gross margins improved year-over-year from about 5% to 13.5%, reflecting higher margin O&M services and SaaS license revenue.
Calistoga Resiliency Center Project Financing Commitment
Energy Vault received a financing commitment for the Calistoga Resiliency Center, expected to close in April, which will add about $28 million back to the balance sheet.
---
NRGV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
NRGV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 17, 2025 | $1.14 | $0.90 | -21.05% |
| Nov 12, 2024 | $2.01 | $1.43 | -28.86% |
| Aug 06, 2024 | $1.01 | $0.87 | -13.86% |
| May 08, 2024 | $1.43 | $1.20 | -16.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Energy Vault Holdings (NRGV) report earnings?
Energy Vault Holdings (NRGV) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Energy Vault Holdings (NRGV) earnings time?
Energy Vault Holdings (NRGV) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NRGV EPS forecast?
NRGV EPS forecast for the fiscal quarter 2025 (Q1) is -0.12.
---