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Energy Vault Holdings, Inc. (NRGV)
:NRGV
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 08, 2022
|% Change Since: 1.00%
|Next Earnings Date:May 16, 2022
Earnings Call Sentiment|Neutral
The earnings call reflects a strategic shift towards long-term asset ownership with significant investments in innovation and project development. While the company has demonstrated strong execution and high gross margins, it faces challenges with near-term revenue and cash flow. The recognition of technological achievements and a growing revenue backlog indicate a positive outlook, despite current financial pressures.Company Guidance
During Energy Vault's Q3 2024 earnings call, Robert Piconi and Michael Beer provided detailed guidance on the company's financial performance and strategic direction. The revenue backlog increased by 33% to $350 million, driven by a 200-megawatt hour project with Jupiter and a 57-megawatt 114-megawatt hour Cross Trails project with Gridmatic. The company maintained strong gross margins of 40.3% for the quarter, with a year-to-date gross margin of 28.3%, above the annual guidance range of 15-25%. Operating expenses decreased by 13% year-over-year, and adjusted EBITDA was negative $14.7 million, reflecting a 5% improvement sequentially. Energy Vault's strategy to build, own, and operate storage assets is expected to bring $60-80 million in cash back onto the balance sheet through project financing and tax credit monetization, enhancing long-term value creation for shareholders. The company reaffirmed its annual guidance, narrowing the range for year-end cash balance to $75-125 million, and emphasized its focus on expanding its project pipeline, particularly in the U.S. and Australia, totaling over 30 gigawatt hours.Significant Revenue Backlog Growth
Revenue backlog grew by over 33% in the quarter, supporting future revenue ramp in 2025 and beyond.
High Gross Margins
Gross margins achieved at 40%+ in Q3 and 28% year-to-date, with a full-year target of 15%-20%.
Strong Execution on Build, Own, and Operate Strategy
The company plans to retain ownership of approximately $100 million in cash-generative storage assets, with a focus on long-term value creation.
Innovation Milestones
Achievements include the world's largest hybrid green hydrogen energy storage system in Calistoga and high efficiency in the Rudong gravity energy storage system in China.
Recognition by Time Magazine
Energy Vault's gravity storage technology was recognized as one of the best inventions of 2024.
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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
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NRGV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 12, 2024 | $1.81 | $1.90 | +4.97% |
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.
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FAQ
When does Energy Vault Holdings, Inc. (NRGV) report earnings?
Energy Vault Holdings, Inc. (NRGV) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Energy Vault Holdings, Inc. (NRGV) earnings time?
Energy Vault Holdings, Inc. (NRGV) earnings time is at Mar 11, 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 2024 (Q4) is -0.12.
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