Energy Vault Holdings, Inc. develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions. Its solutions allow utilities, independent power producers, and large energy users to manage their power portfolios and efficiently dispatch power. Energy Vault Holdings, Inc. is based in Westlake Village, California.
IPO Year: 2021
Exchange: NYSE
Website: https://www.energyvault.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/8/2024 | Buy → Sell | Chardan Capital Markets | |
3/13/2024 | $6.00 → $5.00 | Outperform | TD Cowen |
1/16/2024 | $4.00 | Buy | ROTH MKM |
3/6/2023 | Buy → Neutral | Guggenheim | |
6/29/2022 | $13.00 | Buy | Chardan Capital Markets |
3/22/2022 | $22.00 | Buy | Guggenheim |
3/14/2022 | $9.00 | Sell | Goldman |
3/9/2022 | $19.00 | Buy | Stifel |
2/24/2022 | $18.00 | Outperform | Cowen & Co. |
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144 - Energy Vault Holdings, Inc. (0001828536) (Subject)
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8-K - Energy Vault Holdings, Inc. (0001828536) (Filer)
8-K - Energy Vault Holdings, Inc. (0001828536) (Filer)
10-Q - Energy Vault Holdings, Inc. (0001828536) (Filer)
8-K - Energy Vault Holdings, Inc. (0001828536) (Filer)
144 - Energy Vault Holdings, Inc. (0001828536) (Subject)
Energy Vault has realigned its organization to accelerate growth and market adoption of its diversified portfolio of energy storage solutions across all durations, enhancing and streamlining go-to-market strategy while rapidly expanding its regional operations in Australia Executed on a series of cost savings measures that will result in annualized savings of $6 - 8 million; The Company is reiterating its target of quarterly cash operating expenses of roughly $15 million in the second half of 2024 Bolstered growth strategy with the addition of Wes Fuller, seasoned energy storage sales executive, as Head of Global Sales Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Co
ACEN Australia and Energy Vault to begin deployment of two battery energy storage systems (BESS), with a total capacity of 200 MW/400 MWh, at ACEN Australia's 720 MW New England Solar project The project will be built using the most advanced grid-forming inverter technology which can provide system stability services that coal, hydro and gas generators currently provide Grid-forming inverters will be integrated with Energy Vault B-Vault DC block, managed by the Vault-OS energy management system Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the execution of a contract with ACEN Australia for the p
Seasoned financial executive to bring decades of experience in the energy, tech and transportation sectors to leading global energy storage company Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Michael Beer as Chief Financial Officer. Beer will replace Jan Kees van Gaalen, who has served in the role since November 2022 and plans to retire. The appointment is effective April 15, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240404851008/en/Energy Vault Appoints Michael Beer as Chief Financial Offic
Ms. Unwin brings extensive industry experience and leadership from executive roles at leading energy and renewables companies, including Horizon Power and Zenith Energy Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Stephanie Unwin to the Company's Board of Directors effective with Energy Vault's next quarterly Board meeting in March 2024. She replaces Zia Huque, General Partner of Prime Movers Lab LLC which led Energy Vault's Series C investment round. Mr. Huque's departure will be concurrent with Ms. Unwin's joining of the Board. This press release features multim
Colson brings over two decades of experience in the energy capital markets on both the buy and sell-side Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced the appointment of Bernie Colson, CFA as Vice President of Investor Relations. With over two decades of experience in the energy capital markets, Mr. Colson joins Energy Vault as a seasoned energy professional to steer the company's financial communication strategy as well as maintain and expand relationships with the investor and analyst communities. Prior to joining Energy Vault, Mr. Colson held various key positions in the energy sector.
Fariello brings decades of experience and leadership in government affairs at FORTUNE 500 companies, including United Airlines and ExxonMobil Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Theresa Fariello to the Company's Board of Directors effective February 1, 2023. She replaces Henry Elkus, Founder and CEO of Helena, a strategic partner and Series B-1 investor in Energy Vault, upon his concurrent departure from the Board. Ms. Fariello has served as Senior Vice President of Government Affairs & Global Public Policy for United Airlines (NASDAQ:UAL) since 2017. In t
Jan Kees van Gaalen is a seasoned finance executive with more than 30 years of experience in the energy and mining industries Energy Vault Holdings, Inc. (NYSE:NRGV, NRGV WS))) ("Energy Vault") (the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Jan Kees van Gaalen as Chief Financial Officer. Mr. van Gaalen will replace David Hitchcock, who has served as interim-Chief Financial Officer since April 2022. The appointment as CFO is effective November 16, 2022. Mr. Hitchcock will remain as an advisor to Energy Vault through December 31, 2022. "I am pleased to welcome Jan Kees, a highly accomplished global CFO, who has served in that
Jensen to lead global deployments of gravity and battery energy storage solutions, bringing over three decades of power industry engineering, construction, commissioning and project management experience Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of E.B. Jensen as Senior Vice President of Project Execution and Delivery. The appointment is effective immediately and Jensen will report to Robert A. Piconi, Chairman and Chief Executive Officer. In this new role, Jensen will be responsible for the project execution and delivery of gravity and battery energy storage proje
Dr. Horne possesses more than 30 years of domestic and international experience managing the development and commercialization of advanced energy storage systems Dr. Horne to accelerate Energy Vault's development of complementary energy storage solutions to Energy Vault's existing technologies portfolio Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Craig Horne, Ph.D., as Vice President, Advanced Energy Storage Development. Dr. Horne will be based in Energy Vault's U.S. headquarters in Westlake Village, Calif. This press release features multimedia. View the full release here: https
Based in Australia, Sadler brings 30+ years of sales leadership experience across renewable energy, power generation and energy storage Sadler, most recently Fluence Energy's Vice President of Sales for Australia, to lead sales, business development and demand generation in the Asia Pacific region Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the appointment of Lucas Sadler as Vice President of Sales and Business Development, Asia & Pacific (APAC), based in Melbourne, Australia. Sadler joins Energy Vault with more than 30 years of sales leadership experience across the renewable energy, power genera
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Announced new 400MWh battery storage project in Australia with ACEN, hired new Head of Global Sales and entered partnership with structural engineering firm Skidmore Owings & Merrill (SOM) to integrate gravity energy storage within superstructure building design Q2 GAAP Gross margin of 27.8% driven by strong management and execution on U.S. battery projects Q2 GAAP Net Loss of $(26.2) million; Q2 Adjusted EBITDA improved $2.3 million or 12% year-over-year to $(15.8) million Q2 GAAP Operating Expenses of $28.1 million; Q2 Adjusted Operating Expenses of $16.9 million, improved 23% year-over-year Q2 results include a $1.7 million charge associated with previously announced organization
Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday,
Revenue of $7.8 million from recognition of Utility and IPP storage projects, in-line with expectations; Licensing revenue from GESSOL in Southern Africa is expected later in 2024 GAAP Gross Margin of 26.7% driven by strong management and execution on US battery projects Cash OpEx of $16.7 million, improved 22% year-over-year and 14% quarter-over-quarter Quarter-end Cash and Cash Equivalents of $136.8 million, within Q1 guidance range of $125 – 150 million Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the first quarter ended March 31, 2024. "In the first quart
Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will host its inaugural Investor & Analyst Day on Thursday, May 9, 2024 in New York. The event will begin at 9:00 AM ET, be livestreamed, and all parties interested in attending virtually can pre-register here. In-person attendance at the event to be held at the New York Stock Exchange is limited and by invitation only. Energy Vault's Investor & Analyst Day will provide deep insight to the Company's strategy, business model, execution, portfolio of products / technology and IP, 2024 financial guidance, and long-term outloo
FY 2023 revenue of $341.5 million, up 134% YoY and 18% QoQ, within annual guidance range Increased cash position to $146 million with no debt, above prior guidance of $132 million from Q3 2023 Reduced quarterly cash Operating Expense run rate by 25-30% through actions taken in Q4 2023, enabling a 2024 reduced quarterly cash OpEx of $13-15 million to accelerate shift to cash flow positive exiting 2024 and FY 2025 FY 2023 gross margin of 5.1%, reflecting a lower than expected Q4 gross margin due to timing of revenue and associated gross profit recognition shifting from Q4 into 2024 for gravity licenses and battery projects Commercial pipeline growth of 24.5 GWh YoY, up 89% and 5.8 GWh
Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Tuesday, March 12, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call a
Revenue of $172.2 million driven by multiple energy storage deployments within the US market Announced five new Gravity Energy Storage System projects under the license and royalty agreement with Atlas Renewables totaling 1.2 GWh as the first 100 MWh system nears completion outside Shanghai Project Awards increased by 5.5 GWh, or 153% YTD while Bookings increased by 800 MWh, or 49% YTD Commercial operation for the Wellhead 275 MWh battery energy storage system in Southern California commenced on time, at budget and above performance expectations Reaffirm full-year 2023 financial guidance Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or "the Company"), a leader in sustain
Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the third quarter ended September 30, 2023 on Tuesday, November 7, 2023 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Nov
Revenue of $39.7 million reflecting 247% q/q sequential growth while executing to customer delivery expectations across all projects. GAAP gross margin of 9.9%, or $3.9 million, driven by battery energy storage deployments during the quarter; YTD 2023 GAAP gross margin of 12.5%. Improved adjusted EBITDA and net income results reflecting focus on operating margin expansion as revenue ramps combined with prudent OPEX management. Reaffirm full-year 2023 financial guidance with a revenue range of $325 million to $425 million and gross margin of 10% to 15%; reiterate project delivery timelines for 2H 2023. Second Quarter 2023 Financial Highlights Revenue of $39.7 million, in-line with
After achieving mechanical completion of the critical power electronic components, commissioning of the newly constructed EVx started in June as planned, and is expected to be fully interconnected to the local state utility grid in the fourth quarter of this year The system will be the world's first commercial, grid-scale gravity energy storage system that offers a more economical, scalable and sustainable alternative to existing pumped hydroelectric plants that currently represent ~90% of all energy storage capacity globally Constructed just outside of Shanghai adjacent to a wind turbine farm, the 25 MW EVx system will be one of the largest long duration energy storage systems in the w
Chardan Capital Markets downgraded Energy Vault from Buy to Sell
TD Cowen reiterated coverage of Energy Vault with a rating of Outperform and set a new price target of $5.00 from $6.00 previously
ROTH MKM initiated coverage of Energy Vault with a rating of Buy and set a new price target of $4.00
Guggenheim downgraded Energy Vault from Buy to Neutral
Chardan Capital Markets initiated coverage of Energy Vault with a rating of Buy and set a new price target of $13.00
Guggenheim initiated coverage of Energy Vault with a rating of Buy and set a new price target of $22.00
Goldman initiated coverage of Energy Vault with a rating of Sell and set a new price target of $9.00
Stifel initiated coverage of Energy Vault Holdings with a rating of Buy and set a new price target of $19.00
Cowen & Co. initiated coverage of Energy Vault Holdings with a rating of Outperform and set a new price target of $18.00
Energy Vault Holdings, Inc. ("Energy Vault") (NYSE:NRGV), a global energy storage company today announced that, effective on August 2, 2024, the Compensation Committee of Energy Vault's Board of Directors granted to 5 new, non-executive employees, restricted stock unit awards covering 507,000 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the "Inducement Award Plan"). The restricted stock units were granted as inducements material to the employees entering into employment with Energy Vault in accordance with New York Stock Exchange Listing Rule 303A.08. The Inducement Award Plan is used exclusively for th
Announced new 400MWh battery storage project in Australia with ACEN, hired new Head of Global Sales and entered partnership with structural engineering firm Skidmore Owings & Merrill (SOM) to integrate gravity energy storage within superstructure building design Q2 GAAP Gross margin of 27.8% driven by strong management and execution on U.S. battery projects Q2 GAAP Net Loss of $(26.2) million; Q2 Adjusted EBITDA improved $2.3 million or 12% year-over-year to $(15.8) million Q2 GAAP Operating Expenses of $28.1 million; Q2 Adjusted Operating Expenses of $16.9 million, improved 23% year-over-year Q2 results include a $1.7 million charge associated with previously announced organization
The hybrid energy storage system utilizes Energy Vault's new EV0™ modular pumped hydro gravity storage technology plus lithium-ion batteries, and powered by VaultOS™ energy management software, is proposed to be deployed in 500-meter-deep shafts at the largest former coal mine in Italy, owned by the Sardinia Regional Government The parties executed a land lease agreement in July 2024 and will begin site testing in the coming months The 100MW energy storage system will be owned and operated by Energy Vault, and is key to increasing the local use of renewable energy in Sardinia while accelerating the formation of the Renewable Energy Technology Hub Energy Vault Holdings, Inc. (NYSE:NRGV
Energy Vault has realigned its organization to accelerate growth and market adoption of its diversified portfolio of energy storage solutions across all durations, enhancing and streamlining go-to-market strategy while rapidly expanding its regional operations in Australia Executed on a series of cost savings measures that will result in annualized savings of $6 - 8 million; The Company is reiterating its target of quarterly cash operating expenses of roughly $15 million in the second half of 2024 Bolstered growth strategy with the addition of Wes Fuller, seasoned energy storage sales executive, as Head of Global Sales Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Co
Built with Energy Vault's proprietary B-Vault AC block and managed by the VaultOS Energy Management System, the St. Gall Battery Energy Storage System (BESS) is fully grid-connected, providing clean power and improving grid resiliency in Fort Stockton, Texas area Energy Vault Holdings Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable, grid-scale energy storage solutions, today announced the successful deployment of its proprietary B-Vault AC block and VaultOS™ Energy Management System supporting Jupiter Power's St. Gall Battery Energy Storage System (BESS). Located near Fort Stockton, Texas, the 100 MW/200 MWh BESS is providing energy and ancillary services to
Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault" or the "Company"), a leader in sustainable grid-scale energy storage solutions, announced today that the Company will release its earnings results for the second quarter ended June 30, 2024 on Tuesday, August 6, 2024 followed by a conference call at 4:30 PM ET. Participants may access the call at 1-844-826-3033, international callers may use 1-412-317-5185, and request to join the Energy Vault Holdings earnings call. A live webcast will also be available at https://investors.energyvault.com/events-and-presentations/events. A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday,
ACEN Australia and Energy Vault to begin deployment of two battery energy storage systems (BESS), with a total capacity of 200 MW/400 MWh, at ACEN Australia's 720 MW New England Solar project The project will be built using the most advanced grid-forming inverter technology which can provide system stability services that coal, hydro and gas generators currently provide Grid-forming inverters will be integrated with Energy Vault B-Vault DC block, managed by the Vault-OS energy management system Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced the execution of a contract with ACEN Australia for the p
Energy Vault is partnering with leading architecture and engineering firm SOM to design the future of sustainable building architectures that enable accelerated carbon paybacks for the first time Energy Vault recently unveiled next generation of G-VAULT™ gravity energy storage solutions, including EVu™, EVc™, EVy™, and EV0™ Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive gravity energy storage partnership. This press release features multimedia. View the full release here: https://www.businesswire.c
Energy Vault Holdings, Inc. ("Energy Vault") (NYSE:NRGV), a global energy storage company today announced that on May 16, 2024, the Compensation Committee of Energy Vault's Board of Directors granted (i) to 1 new, non-executive employee, a restricted stock unit award covering 4,315 shares of its common stock under the Energy Vault Holdings, Inc. 2022 Employment Inducement Award Plan (as amended and/or restated, the "Inducement Award Plan") and (ii) to Michael Beer, Energy Vault's new Chief Financial Officer, (A) an option to purchase 800,000 shares of its common stock at an exercise price per share of common stock equal to the fair market value (as defined in the Inducement Award Plan) on t
ACEN Australia and Energy Vault to collaborate on battery energy storage system (BESS) deployments, with 200 MW/400 MWh system, at ACEN Australia's 720 MW New England Solar The 50 MW/100 MWh and 150 MW/300 MWh New England Solar BESS deployments will begin construction in the second half of 2024 with the start of commercial operations expected in 2025 Agreement with one of Australia's largest renewable energy producers represents execution of Energy Vault's long term strategy and investment commitments to energy storage for the Australian market Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, to
ACEN Australia and Energy Vault to begin deployment of two battery energy storage systems (BESS), with a total capacity of 200 MW/400 MWh, at ACEN Australia's 720 MW New England Solar projectThe project will be built using the most advanced grid-forming inverter technology which can provide system stability services that coal, hydro and gas generators currently provideGrid-forming inverters will be integrated with Energy Vault B-Vault DC block, managed by the Vault-OS energy management system
Energy Vault is partnering with leading architecture and engineering firm SOM to design the future of sustainable building architectures that enable accelerated carbon paybacks for the first timeEnergy Vault recently unveiled next generation of G-VAULT™ gravity energy storage solutions, including EVu™, EVc™, EVy™, and EV0™Energy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and Skidmore, Owings & Merrill (SOM), a leading architecture and engineering firm, today announced a global exclusive gravity energy storage partnership.
Gainers Graphex Gr (AMEX:GRFX) shares moved upwards by 11.1% to $0.38 during Wednesday's after-market session. The company's market cap stands at $17.0 million. JE Cleantech Hldgs (NASDAQ:JCSE) stock rose 7.04% to $0.76. The market value of their outstanding shares is at $3.8 million. SOS (NYSE:SOS) stock rose 4.83% to $0.97. The market value of their outstanding shares is at $17.1 million. Lichen China (NASDAQ:LICN) stock moved upwards by 4.75% to $1.54. The company's market cap stands at $58.1 million. Energy Vault Holdings (NYSE:NRGV) stock increased by 4.65% to $1.35. The company's market cap stands at $200.9 million. Forward Air (NASDAQ:FWRD) stock increased by 4.25% to $14.94. Th
Gainers Tetra Tech (NASDAQ:TTEK) shares increased by 21.8% to $268.19 during Friday's after-market session. The market value of their outstanding shares is at $14.3 billion. JE Cleantech Hldgs (NASDAQ:JCSE) stock increased by 8.19% to $0.72. The company's market cap stands at $3.6 million. Addentax Group (NASDAQ:ATXG) shares moved upwards by 6.79% to $1.1. The market value of their outstanding shares is at $5.9 million. Graphex Gr (AMEX:GRFX) shares moved upwards by 5.4% to $0.34. The market value of their outstanding shares is at $15.5 million. Forward Air (NASDAQ:FWRD) shares increased by 5.11% to $15.01. The company's market cap stands at $396.8 million. Energy Vault Holdings (NYSE:
TD Cowen analyst Thomas Boyes maintains Energy Vault Holdings (NYSE:NRGV) with a Buy and lowers the price target from $5 to $4.
Gainers Blue Bird (NASDAQ:BLBD) stock rose 26.4% to $47.44 during Thursday's regular session. The market value of their outstanding shares is at $1.5 billion. As per the press release, Q2 earnings came out yesterday. Greenwave Tech Solns (NASDAQ:GWAV) stock increased by 21.34% to $0.07. The market value of their outstanding shares is at $10.6 million. Ryde Group (AMEX:RYDE) shares rose 14.24% to $8.5. The market value of their outstanding shares is at $162.4 million. Falcons Beyond Global (NASDAQ:FBYD) stock moved upwards by 13.37% to $9.75. The company's market cap stands at $115.2 million. Lichen China (NASDAQ:LICN) stock increased by 12.22% to $1.01. The company's market cap stands a
ACEN Australia and Energy Vault to collaborate on battery energy storage system (BESS) deployments, with 200 MW/400 MWh system, at ACEN Australia's 720 MW New England SolarThe 50 MW/100 MWh and 150 MW/300 MWh New England Solar BESS deployments will begin construction in the second half of 2024 with the start of commercial operations expected in 2025Agreement with one of Australia's largest renewable energy producers represents execution of Energy Vault's long term strategy and investment commitments to energy storage for the Australian marketEnergy Vault Holdings, Inc. (NYSE:NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, and ACEN Australia, today announ
Energy Vault Holdings (NYSE:NRGV) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $(0.12) by 16.67 percent. This is a 36.36 percent increase over losses of $(0.22) per share from the same period last year. The company reported quarterly sales of $7.759 million which missed the analyst consensus estimate of $12.572 million by 38.28 percent. This is a 32.07 percent decrease over sales of $11.422 million the same period last year.