NRGV Earnings Prediction
The chart below shows how NRGV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NRGV sees a +1.32% change in stock price 10 days leading up to the earnings, and a -12.91% change 10 days following the report. On the earnings day itself, the stock moves by -1.72%. This data can give you a slight idea of what to expect for the next quarter's release.
NRGV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
33.47M
-71.69%
2691.58%
Gross Margin
7.03%
119.00%
-63.67%
Operating Margin
-151.63%
659.29%
-93.29%
Net Margin
-184.81%
885.65%
-91.67%
EPS
-0.43
-186.67%
138.89%
No Data Available
NRGV Earnings Analysis
Energy Vault Holdings Inc Corporation (NRGV.N) Earnings Conference Call
Positive
Contract Bookings Surge: Contract bookings increased significantly by 90% quarter-over-quarter, growing backlog to $660 million from $350 million, indicating strong future revenue potential.
Long-Term Energy Agreement: The company secured a Long-Term Energy Service Agreement (LTESA) with Enervest for the Stoney Creek project, guaranteeing a minimum of $20 million over 14 years, with potential for additional merchant revenue.
Gross Margin Improvement: Gross margins improved year-over-year from 5% to 13.5%, reflecting better project economics despite some challenges with specific customer projects.
Innovative Energy Solutions: The Calistoga Resiliency Center project is under commissioning and expected to be operational by Q2 2025, showcasing the company's commitment to innovative energy solutions.
Energy Storage Growth Potential: The company has a strong pipeline of projects totaling over 30 gigawatt hours, indicating robust growth potential in the energy storage market.
Bonding Capacity for Growth: Energy Vault maintains significant bonding capacity in excess of $1 billion, facilitating additional growth projects in the US and Australia.
Strong Financial Position: The company ended 2024 with total cash and cash equivalents of over $30 million and no debt, indicating a solid financial position.
Cost Management Success: Adjusted operating expenses improved by 19% year-over-year, reflecting effective cost management strategies.
Negative
Earnings Per Share Miss: Energy Vault Holdings, Inc. reported an EPS of $-0.35, missing expectations of $-0.14, indicating a larger-than-anticipated loss.
Revenue Performance Overview: The recognized revenue for 2024 was $46.2 million, slightly below the low end of guidance, reflecting a transitional year for project starts and a conscious choice to retain ownership of energy infrastructure assets.
Gross Margin Performance: Gross margins improved year-over-year to 13.5%, but fell short of the expected 15% to 20% range due to a specific customer project impacted by a supplier's bankruptcy.
Revenue Impact from Project Retention: The company faced a $100 million impact on revenue due to retaining projects on its balance sheet instead of recognizing revenue through its build and transfer business.
Adjusted EBITDA Loss Analysis: The adjusted EBITDA loss for 2024 was $57.9 million, which, while within guidance, reflects weaker revenue and total gross margin contributions.
Cash Position Decline: Total cash and cash equivalents at year-end were just over $30 million, below guidance due to delayed customer payments and later-than-anticipated project financing.
Price Erosion Impact: The company is experiencing significant price erosion in lithium-ion and LFP technologies, which, while beneficial for project economics, is reducing overall project sizes and total revenue.
Project Financing Update: The company is in the process of finalizing project financing for the Calistoga Resiliency Center, but has yet to complete the associated financing or monetization of tax credits as of year-end.
NRGV FAQs
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NRGV Earning Call Sentiment
Energy Vault Holdings, Inc. (NYSE:NRGV) Q4 2024 Earnings Call Transcript
NRGV.N
26.91%Positive
The earnings call reveals several concerns: missed EPS expectations, revenue below guidance, and cash balance issues due to payment delays. Although contract bookings have increased, the lack of a shareholder return plan and ongoing regulatory challenges add uncertainty. The Q&A section highlights unresolved financing issues and tariff impacts. Despite some positive aspects like margin improvement and new partnerships, the overall sentiment leans negative, especially given the missed earnings and cash flow challenges.
