CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Energy Vault Q3 revenue falls 61% on project delivery timings

By Reuters News


Overview

  • Energy infrastructure firm's Q3 revenue fell 61% yr/yr, missing analyst expectations

  • Company's contract backlog rose 15% sequentially and 147% yr/yr to $2.3 bln

  • Completed acquisition of 2.3 GW U.S. energy storage projects from Goshe Energy Storage


Outlook

  • Energy Vault affirms full-year 2026 revenue guidance of $290–$310 mln

  • Company expects 2026 gross margin of 20%-22%

  • Energy Vault provides preliminary 2027 revenue guidance of $600–$700 mln and adj EBITDA of $40–$50 mln


Result Drivers

  • PROJECT DELIVERY TIMING - Co said lower Q3 revenue reflected planned timing of project deliveries

  • TARIFF REFUNDS - Gross margin benefited from $4.3 mln in tariff refunds during the quarter

  • PORTFOLIO EXPANSION - Acquisition of 2.3 GW U.S. BESS projects from Goshe Energy Storage contributed to backlog growth


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$13.07 mln

$13.29 mln (4 Analysts)

Q3 Adjusted Loss Per Share

Beat

$0.14

$0.15 (2 Analysts)

Q3 Net Loss

$28.16 mln

Q3 Operating Income

-$24.58 mln

Q3 Pretax Loss

$27.02 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $7.00, about 93.4% above its November 9 closing price of $3.62


Reuters Recommended Reads

  • Nov 9 - NRG Energy announces $4 bln asset sale; Q3 adj EPS beats on higher capacity prices, favorable weather

  • Nov 9 - Fervo Energy Q3 revenue rises as Cape Station starts operations

  • Nov 9 - Clearway Energy Q3 net income rises on growth investments, mark-to-market gains


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.