Energy Vault Holdings

Energy Vault Holdings, Inc. develops sustainable energy storage solutions that are transforming the world's approach to utility-scale energy storage for grid resiliency. The firm's proprietary energy management system software and gravity-based energy storage technology are intended to help utilities, independent power producers, and large industrial energy users to significantly reduce levelized cost of energy while maintaining power reliability. The company is headquartered in Dover, DE.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Energy Vault reports robust revenue growth and strategic expansion plans

Energy Vault had a strong financial performance in 2022, focusing on high-energy storage solutions and global expansion.
While facing challenges in achieving positive EBITDA and improving margins, the company remains optimistic about its growth prospects.
With a cautious outlook for 2023, Energy Vault aims to balance profitability with strategic investments and differentiation in the energy storage market.
The company's emphasis on unique solutions, strategic partnerships, and operational efficiency positions it well for future profitability and growth.

Energy Vault surpasses Q1 revenue expectations, eyes market expansion

Energy Vault's Q1 2023 performance exceeded expectations with strong revenue and project awards.
The company's strategic investments, unique market position, and focus on innovation are key strengths.
Challenges include financial losses and market competition, requiring a focus on profitability and differentiation.
Opportunities lie in market expansion, technology development, and software enhancements for future growth.

Energy Vault Holdings reports robust Q2 growth and strategic partnerships

Energy Vault Holdings delivered strong Q2 performance with robust revenue growth and a focus on profitability and business expansion.
The company faces challenges in EPC partner selection and managing negative EBITDA but has opportunities to drive growth through partnerships and innovative solutions.
Overall, Energy Vault's diverse customer base, strategic funding approach, and versatile energy storage solutions position them well for future success in the market.

Energy Vault reports record revenue, eyes growth in emerging markets

Energy Vault's Q3 performance reflects strong revenue growth and operational improvements, maintaining full-year guidance
While facing margin challenges and customer expectations, the company's financial stability and innovation position them for growth
Opportunities in emerging markets, technological advancements, and revenue diversification strategies present promising avenues for expansion
Strategic focus on cost optimization and project execution efficiency underpin Energy Vault's path towards sustained profitability and market leadership

Energy Vault excels in Q4 2023, eyes profitable growth

Energy Vault's strong financial performance in 2023, coupled with a focus on profitability and efficiency, sets the stage for sustainable growth.
Despite challenges in gross margin and market competition, the company's strategic strengths and global projects position it well for future success.
Opportunities in expanding market demand, upcoming Investor Day revelations, and regional growth initiatives provide avenues for continued expansion and innovation.
Navigating challenges while leveraging strengths and seizing opportunities will be crucial for Energy Vault to maintain its upward trajectory and financial health.

Energy Vault Holdings reports resilient Q2 performance and eyes software sales growth

Energy Vault Holdings' Q2 2024 performance showed resilience despite revenue challenges, with notable improvements in gross margin and Adjusted EBITDA.
The company's strengths lie in strategic execution, innovative technology, and the potential for software sales to drive revenue growth.
Challenges include revenue decline and negative EBITDA, while opportunities exist in software sales, market expansion, and leveraging a strong cash position.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Energy Vault Holdings, Inc. engages in the provision of energy storage solutions. The company was founded in September 2020 and is headquartered in Westlake Village, CA.

WESTLAKE VILLAGE, Calif. & SACRAMENTO, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, along with Wellhead Electric Company, Inc. (“Wellhead”) and W Power, LLC, (“W Power”), a woman-owned business enterprise that develops and owns power generation facilities in California, today announced that the Stanton Battery Energy Storage System (SBES) is fully operational. The 68.8 MW/275.2 M.

Energy Vault, Wellhead and W Power Begin Commercial Operations of Stanton Battery Energy Storage System

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that five new EVx™ gravity energy storage systems (GESS) will be deployed by China Tianying Inc. (CNTY) (CN: 000035) under the Company's previously announced licensing and royalty agreement with Atlas Renewable, which includes a 5% project revenue royalty associated with each project. Chairman of Chin.

Energy Vault Announces Five Additional EVx™ Gravity Energy Storage System Deployments in China

Nxu Inc

PHILADELPHIA , Oct. 31, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault") on behalf of the company's long-term investors. Energy Vault develops and sells energy storage solutions.

ENERGY VAULT INVESTOR ALERT: Kaskela Law LLC Announces Investigation of Energy Vault Holdings, Inc. (NYSE: NRGV) and Encourages Long-Term Investors to Contact the Firm

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 relationship.

Energy Vault Appoints Bernie Colson, CFA as Vice President of Investor Relations

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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.

Energy Vault Schedules Conference Call to Discuss Third Quarter 2023 Financial Results

Energy Vault is gaining traction with its proprietary EVx long-duration gravity-based energy storage solutions in China and the US. The company's revenue is primarily coming from constructing hybrid storage projects for customers, with a strong pipeline of projects. Energy Vault is not yet profitable but has enough cash to continue operations and is expected to have a successful H2/23 with multiple projects finishing.

Energy Vault: A Crucial Second Half Of The Year

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, will be presenting its full suite of sustainable energy storage solutions and products at the RE+ conference in Las Vegas, Nev. from September 12-14, 2023, at The Venetian Convention & Expo Center. Energy Vault representatives will brief RE+ attendees on the Company's transformative energy s.

Energy Vault to Present Full Suite of Sustainable Energy Storage Solutions at 2023 RE+ Conference

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”) on behalf of the company's long-term investors. Energy Vault develops and sells energy storage solutions. The current company was formed in February 2022 via a business combination with SPAC entity Novus Capital Corporation II (NYSE: NXU), with Energy Vault as the surviving, publicly traded entity. Immediately following the closing of the business combinati.

SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Energy Vault Holdings, Inc. and Encourages Long-Term NXU / NRGV Investors to Contact the Firm

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--KORE Power, Inc. (KORE) has been selected by Energy Vault to deliver domestically produced batteries starting in 2025, when phase one of the KOREPlex facility in Arizona comes online. The Master Supply Agreement announced this week outlines an initial delivery capacity of 1.3 GWh in 2025, ramping up to 7 GWh in 2027 as KORE's domestic battery production expands. “Energy Vault is positioned to be a leading provider of energy storage solutions, and with a re.

KORE Power Announces Major Offtake Agreement with Energy Vault for Domestic Batteries Starting in 2025

Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.14 per share a year ago.

Energy Vault Holdings, Inc. (NRGV) Reports Q2 Loss, Lags Revenue Estimates

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 second quarter ended June 30, 2023. Robert Piconi, Chairman and CEO of Energy Vault, stated, “I am pleased with our continued progress this quarter with our primary focus on project execution to customer and contractual commitments on our first energy storage.

Energy Vault Reports Second Quarter 2023 Earnings Results

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Announces Commencement of Commissioning of World's First EVx™ Gravity Energy Storage System.

Energy Vault Announces Commencement of Commissioning of World's First EVx™ Gravity Energy Storage System

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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, 2023 on Tuesday, August 8, 2023 followed by a conference call at 8:30 AM ET. Participants may access the call at 1-877-704-4453, international callers may use 1-201-389-0920, and request to jo.

Energy Vault Schedules Conference Call to Discuss Second Quarter 2023 Financial Results

NEW YORK , July 12, 2023 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Energy Vault Holdings, Inc.  (f/k/a Novus Capital Corporation II) ("Energy Vault" or the "Company") (NYSE: NRGV) stock prior to January 4, 2022 and still hold such stock. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger between Energy Vault and Novus Capital Corporation II ("Novus").

NXU ALERT: Levi & Korsinsky, LLP Announces an Investigation into the Fairness of the Merger of Energy Vault Holdings, Inc. and Novus Capital Corporation II

Energy Vault is trading at a roughly 1x forward price-to-sales multiple even as the adoption of its GESS technology ramps up. The company is down roughly 75% over the last 12 months due to broader market sentiment that went sour on loss-making companies. A Fed rate pause in June and a continued revenue ramp could act as catalysts for shares to close out the year with a gain.

Energy Vault: Primed For A Recovery As The Climate Economy Booms

Plug Power

Think again if you think Plug Power's NASDAQ: PLUG new deal with Energy Vault NYSE: NRGV will move the needle this week or this summer. The deal is for 8MW of generating capacity for a single town in California and is a drop in the bucket for this company.

Will Plug Power's Deal With Energy Vault Move The Needle?

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault" or the “Company”), a leader in sustainable, grid-scale energy storage solutions, today announced that Bleecker Street Research has issued retractions and corrections to its December 2, 2022 short seller report about Energy Vault. On December 8, 2022, Energy Vault issued a public response to the report, detailing the multiple factual inaccuracies, mischaracterizations and mis.

Energy Vault Announces That Short Seller Bleecker Street Has Issued Retractions to Inaccurate and Misleading Report

Energy Vault Holdings, Inc. (NYSE:NRGV ) Q1 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Laurence Alexander - Chief Marketing Officer Robert Piconi - Chairman & Chief Executive Officer Jan Kees van Gaalen - Chief Financial Officer Conference Call Participants Hilary Cauley - Guggenheim Securities Christopher Ellinghaus - Siebert Williams Shank & Co. Greg Pendy - Chardan Thomas Boyes - TD Cowen Noel Parks - Tuohy Brothers Operator Greetings and welcome to Energy Vault First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Energy Vault Holdings, Inc. (NRGV) Q1 2023 Earnings Call Transcript

Energy Vault Holdings, Inc. (NRGV) came out with a quarterly loss of $0.22 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.

Energy Vault Holdings, Inc. (NRGV) Reports Q1 Loss, Misses Revenue Estimates

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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, 2023. Robert Piconi, Chairman and CEO of Energy Vault, stated, “Following robust quarterly revenues of over $100 million in the fourth quarter of 2022, we had a strong commercial start to the year with impressive near term funnel.

Energy Vault Reports First Quarter 2023 Earnings Results

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the publication of its inaugural Sustainability Report. The report details Energy Vault's comprehensive portfolio of sustainable energy storage technologies and solutions for short, long and ultra-long duration, the Company's corporate sustainability strategy, and its approach to.

Energy Vault Launches Inaugural Sustainability Report

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, today announced it has published a shareholder letter from Chairman and Chief Executive Officer, Robert Piconi, outlining details of a recent visit to China and Mongolia. This letter provides updates on the first deployment of the Company's groundbreaking EVx™ gravity energy storage system in Ch.

Energy Vault Publishes Shareholder Letter Following Recent Visit to Asia and Site of the First EVx Gravity Storage System

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--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 first quarter ended March 31, 2023 on Tuesday, May 9, 2023 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.

Energy Vault Schedules Conference Call to Discuss First Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--ICR, a leading strategic communications and advisory firm, is pleased to announce that Robert Piconi, Chairman and Chief Executive Officer of Energy Vault (NYSE: NRGV), a leader in sustainable grid-scale energy storage solutions, today appeared on Episode 68 of ICR's Welcome to the Arena podcast. Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR.

ICR Hosts Energy Vault Chairman and CEO Robert Piconi on the Welcome to the Arena Podcast

Jounce Therapeutics

Comscore Inc.

Solid Power

thredUP

Insiders are buying these penny stocks but are they worth the risk? The post 5 Top Penny Stocks To Buy In March According To Insiders appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

News for Energy Vault Holdings Stock (NRGV)