Energy Vault (NRGV) Q1 2026 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy NRGV?
Source: NASDAQ.COM
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Analyst Views on NRGV
Wall Street analysts forecast NRGV stock price to fall
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 4.530
Low
2.00
Averages
3.73
High
5.19
Current: 4.530
Low
2.00
Averages
3.73
High
5.19
About NRGV
Energy Vault Holdings, Inc. develops, deploys and operates utility-scale energy storage solutions designed to transform the approach to sustainable energy storage. The Company's offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering energy system dispatching and optimization. Each storage solution is supported by its technology-agnostic energy management system software and integration platform. Its technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers and large industrial energy users. Its solutions include B-Vault, G-Vault, H-Vault and software solutions. Its software solutions include Vault-OS Energy Management System, Vault-Bidder, and Vault-Manager. Its projects include Calistoga Resiliency Center, Cross Trails Battery Energy Storage System (BESS), SOSA Energy Center, and McMurtre BESS.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Vault Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Energy Vault reported Q1 2026 revenue of $21.9 million, reflecting a 156% year-over-year increase, primarily driven by higher energy storage project deliveries and initial contributions from Asset Vault, demonstrating strong momentum in its transition to an energy infrastructure platform provider.
- Strong Contract Backlog: The company's contract backlog grew to over $1.3 billion, with over 99% uptime across operating projects, ensuring long-term high-margin and recurring revenue streams while laying a solid foundation for future project expansions.
- Optimistic EBITDA Outlook: Management anticipates a recurring EBITDA run rate visibility of over $180 million, ahead of plan, indicating confidence in new projects and technology investments that could drive future profitability.
- Improved Financial Position: By upsizing a $150 million convertible senior notes offering, Energy Vault significantly enhanced its balance sheet, repaying $45 million in higher-cost debt, which is expected to support future financing and expansion efforts.
See More
Energy Vault (NRGV) Q1 2026 Earnings Transcript
See More
Major Wall Street Rating Updates
- Chipotle Upgrade: Argus upgraded Chipotle Mexican Grill from Hold to Buy, indicating a return to growth, which reflects market optimism about the company's future performance.
- Full Truck Alliance Initiation: Bank of America initiated coverage on Full Truck Alliance (FTA) with a Buy rating and a price target of $11.3, implying a 33% total return potential, showcasing confidence in its business model.
- Alto Neuroscience Promising Outlook: Bank of America initiated coverage of Alto Neuroscience (ANRO) with a Buy rating and a $35 price target, emphasizing its innovative potential in treating psychiatric disorders, which may attract more investor interest.
- Amazon Supply Chain Expansion: Bank of America reiterated its Buy rating on Amazon, highlighting the significant market potential of Amazon Supply Chain Services, which offers comprehensive logistics solutions for all businesses, further solidifying its market leadership.
See More
Energy Vault to Announce Q1 Earnings on May 5th
- Earnings Announcement: Energy Vault Holdings is set to release its Q1 2023 earnings report on May 5th after market close, with a consensus EPS estimate of -$0.10, reflecting a 28.6% year-over-year improvement, indicating potential for enhanced profitability.
- Revenue Growth Expectations: Analysts forecast that Energy Vault's Q1 revenue will reach $23.48 million, representing a substantial year-over-year increase of 176.2%, showcasing strong demand and business expansion capabilities in the energy storage sector.
- Market Expansion Moves: Recently, Energy Vault acquired an 850 MW energy storage portfolio, marking its strategic entry into the Japanese market, aimed at capitalizing on the growing demand for renewable energy solutions in the region.
- Project Investments: Additionally, the company has acquired a 175 MW battery energy storage system project in Texas, which not only strengthens its competitive position in the U.S. market but also lays the groundwork for future revenue growth.
See More
Energy Vault Grants Stock Awards to New Employees
- Stock Award Program: Energy Vault announced the grant of a total of 353,500 restricted stock units and performance-based restricted stock units to four new employees effective March 11, 2026, aimed at attracting and retaining talent to enhance the company's competitiveness.
- Grant Conditions: The stock units will vest over four years, contingent on the employees' continued service, while the performance-based units also require achieving a target share price, ensuring alignment between employee performance and company success.
- Regulatory Compliance: This grant complies with NYSE Listing Rule 303A.08, demonstrating Energy Vault's commitment to compliance and transparency, which bolsters investor confidence.
- Energy Storage Solutions: Energy Vault focuses on developing and operating utility-scale energy storage solutions, leveraging its innovative technology portfolio to help customers reduce energy costs and enhance power reliability, further solidifying its market position in sustainable energy.
See More
Energy Vault to Release Q1 2026 Earnings on May 5
- Earnings Release Schedule: Energy Vault will announce its Q1 2026 earnings on May 5, 2026, followed by a conference call at 4:30 PM ET, which is expected to attract investor interest.
- Conference Call Access: Participants can join the call by dialing 1-877-704-4453, with international callers using 1-201-389-0920, reflecting the company's commitment to transparency and investor communication.
- Replay and Webcast: A telephonic replay will be available until May 19, 2026, accessible at 1-844-512-2921, indicating the company's dedication to providing information for those unable to attend live.
- Energy Storage Solutions: Energy Vault offers various energy storage technologies, including battery, gravity, and green hydrogen, aimed at helping utilities and large industrial users reduce energy costs while enhancing power reliability, showcasing its leadership in the sustainable energy sector.
See More
Energy Vault Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Energy Vault reported Q1 2026 revenue of $21.9 million, reflecting a 156% year-over-year increase, primarily driven by higher energy storage project deliveries and initial contributions from Asset Vault, demonstrating strong momentum in its transition to an energy infrastructure platform provider.
- Strong Contract Backlog: The company's contract backlog grew to over $1.3 billion, with over 99% uptime across operating projects, ensuring long-term high-margin and recurring revenue streams while laying a solid foundation for future project expansions.
- Optimistic EBITDA Outlook: Management anticipates a recurring EBITDA run rate visibility of over $180 million, ahead of plan, indicating confidence in new projects and technology investments that could drive future profitability.
- Improved Financial Position: By upsizing a $150 million convertible senior notes offering, Energy Vault significantly enhanced its balance sheet, repaying $45 million in higher-cost debt, which is expected to support future financing and expansion efforts.
See More
Energy Vault (NRGV) Q1 2026 Earnings Transcript
See More
Major Wall Street Rating Updates
- Chipotle Upgrade: Argus upgraded Chipotle Mexican Grill from Hold to Buy, indicating a return to growth, which reflects market optimism about the company's future performance.
- Full Truck Alliance Initiation: Bank of America initiated coverage on Full Truck Alliance (FTA) with a Buy rating and a price target of $11.3, implying a 33% total return potential, showcasing confidence in its business model.
- Alto Neuroscience Promising Outlook: Bank of America initiated coverage of Alto Neuroscience (ANRO) with a Buy rating and a $35 price target, emphasizing its innovative potential in treating psychiatric disorders, which may attract more investor interest.
- Amazon Supply Chain Expansion: Bank of America reiterated its Buy rating on Amazon, highlighting the significant market potential of Amazon Supply Chain Services, which offers comprehensive logistics solutions for all businesses, further solidifying its market leadership.
See More
Energy Vault to Announce Q1 Earnings on May 5th
- Earnings Announcement: Energy Vault Holdings is set to release its Q1 2023 earnings report on May 5th after market close, with a consensus EPS estimate of -$0.10, reflecting a 28.6% year-over-year improvement, indicating potential for enhanced profitability.
- Revenue Growth Expectations: Analysts forecast that Energy Vault's Q1 revenue will reach $23.48 million, representing a substantial year-over-year increase of 176.2%, showcasing strong demand and business expansion capabilities in the energy storage sector.
- Market Expansion Moves: Recently, Energy Vault acquired an 850 MW energy storage portfolio, marking its strategic entry into the Japanese market, aimed at capitalizing on the growing demand for renewable energy solutions in the region.
- Project Investments: Additionally, the company has acquired a 175 MW battery energy storage system project in Texas, which not only strengthens its competitive position in the U.S. market but also lays the groundwork for future revenue growth.
See More
Energy Vault Grants Stock Awards to New Employees
- Stock Award Program: Energy Vault announced the grant of a total of 353,500 restricted stock units and performance-based restricted stock units to four new employees effective March 11, 2026, aimed at attracting and retaining talent to enhance the company's competitiveness.
- Grant Conditions: The stock units will vest over four years, contingent on the employees' continued service, while the performance-based units also require achieving a target share price, ensuring alignment between employee performance and company success.
- Regulatory Compliance: This grant complies with NYSE Listing Rule 303A.08, demonstrating Energy Vault's commitment to compliance and transparency, which bolsters investor confidence.
- Energy Storage Solutions: Energy Vault focuses on developing and operating utility-scale energy storage solutions, leveraging its innovative technology portfolio to help customers reduce energy costs and enhance power reliability, further solidifying its market position in sustainable energy.
See More
Energy Vault to Release Q1 2026 Earnings on May 5
- Earnings Release Schedule: Energy Vault will announce its Q1 2026 earnings on May 5, 2026, followed by a conference call at 4:30 PM ET, which is expected to attract investor interest.
- Conference Call Access: Participants can join the call by dialing 1-877-704-4453, with international callers using 1-201-389-0920, reflecting the company's commitment to transparency and investor communication.
- Replay and Webcast: A telephonic replay will be available until May 19, 2026, accessible at 1-844-512-2921, indicating the company's dedication to providing information for those unable to attend live.
- Energy Storage Solutions: Energy Vault offers various energy storage technologies, including battery, gravity, and green hydrogen, aimed at helping utilities and large industrial users reduce energy costs while enhancing power reliability, showcasing its leadership in the sustainable energy sector.
See More
