Energy Vault (NRGV) Scheduled to Post Quarterly Earnings on Wednesday

Energy Vault (NYSE:NRGV) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Energy Vault to post earnings of ($0.12) per share for the quarter.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The business had revenue of $118.24 million for the quarter, compared to analyst estimates of $122.05 million. Energy Vault had a negative return on equity of 40.42% and a negative net margin of 28.82%. On average, analysts expect Energy Vault to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Energy Vault Stock Performance

Shares of NRGV stock opened at $1.27 on Monday. Energy Vault has a fifty-two week low of $1.05 and a fifty-two week high of $3.55. The company has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.88. The stock has a market capitalization of $186.79 million, a P/E ratio of -1.87 and a beta of 0.71.

Analysts Set New Price Targets

NRGV has been the subject of several analyst reports. Chardan Capital reissued a “sell” rating and set a $0.75 target price (down from $7.00) on shares of Energy Vault in a research note on Monday, April 8th. Roth Capital reiterated a “buy” rating on shares of Energy Vault in a research note on Tuesday, January 16th. TD Cowen dropped their price objective on shares of Energy Vault from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. Stifel Nicolaus lowered their target price on shares of Energy Vault from $6.00 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Finally, Roth Mkm assumed coverage on Energy Vault in a research report on Tuesday, January 16th. They set a “buy” rating and a $4.00 price objective for the company. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Energy Vault currently has an average rating of “Hold” and a consensus price target of $2.85.

Insider Buying and Selling at Energy Vault

In other news, CMO Laurence Alexander sold 20,385 shares of Energy Vault stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1.64, for a total transaction of $33,431.40. Following the sale, the chief marketing officer now owns 897,123 shares in the company, valued at $1,471,281.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 77,966 shares of company stock worth $124,984 over the last 90 days. Corporate insiders own 19.80% of the company’s stock.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.