Energy Vault Q4 revenue beats estimates
Overview
U.S. grid-scale energy storage firm's Q4 revenue rose sharply, beating analyst expectations
Company posted a narrowed Q4 net loss
Outlook
Energy Vault estimates 2026 revenue of $225-300 mln, up about 30% at midpoint
Company expects 2026 gross margin of 15-25%, down from 23.6% in 2025
Energy Vault targets $150-200 mln in total cash at end of 2026
Result Drivers
PROJECT EXECUTION - Q4 revenue growth driven by project execution in Australia and the U.S. and initial contributions from Asset Vault projects
COST REDUCTION & BUSINESS MIX - Gross profit and margin improved due to higher revenue, more efficient project execution at reduced cost per unit, and favorable business mix
Company press release: ID:nBw6G6X44a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $153.3 mln | $148.36 mln (3 Analysts) |
Q4 Net Income |
| -$20.7 mln |
|
Q4 Pretax Profit |
| -$20.9 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Energy Vault Holdings Inc is $4.00, about 15.6% above its March 16 closing price of $3.46
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