Energy Vault Q4 revenue beats estimates

Energy Vault Holdings

17/03/2026 20:15

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

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.)