Energy Vault Holdings, Inc. (NRGV) Reports Q4 Loss, Misses Revenue Estimates

Core Insights - Energy Vault Holdings, Inc. reported a quarterly loss of $0.35 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.14, marking an earnings surprise of -150% [1] - The company generated revenues of $33.47 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 14.07$118.24 million year-over-year [2] - Energy Vault shares have declined approximately 49.6% year-to-date, significantly underperforming the S&P 500's decline of -4.1% [3] Earnings Outlook - The company's earnings outlook is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.11 on revenues of$36.4 million, and for the current fiscal year at -$0.41 on revenues of$261.9 million [7] - The Zacks Rank for Energy Vault is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Alternative Energy - Other industry, to which Energy Vault belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]