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Energy Vault Holdings Inc. (NYSE:NRGV) stock has tumbled to a 52-week low, touching down at $0.78, as the company faces a challenging market environment. According to InvestingPro data, the stock’s technical indicators suggest oversold conditions, with shares down 63.57% year-to-date. This latest price point marks a significant downturn for the energy storage solutions provider, which has seen its stock value decrease by 55.64% over the past year. With a market capitalization of $127.27 million and gross profit margins of 13.39%, the company maintains a stronger cash position than debt on its balance sheet, though it’s experiencing rapid cash burn. Investors are closely monitoring the company’s performance, seeking signs of a turnaround that could potentially reverse the downward trend and restore confidence in Energy Vault’s long-term prospects. For deeper technical analysis and 15 additional key insights about NRGV, visit InvestingPro.
In other recent news, Energy Vault Holdings Inc. reported its Q4 2024 earnings, revealing a revenue shortfall and a larger-than-expected loss per share. The company generated $33.5 million in revenue for the quarter, contributing to a full-year total of $46.2 million, which was slightly below its guidance. Despite these financial setbacks, Energy Vault expanded its revenue backlog by 90% quarter-over-quarter, reaching $660 million. The company also noted an improvement in gross margins, increasing from 5.1% in 2023 to 13.4% in 2024, and a reduction in operating expenses by 19% year-over-year. Energy Vault anticipates cash inflows of $70-80 million from project financings and investment tax credits, with funds from these financings expected within the next two quarters. Analyst firms have not provided any upgrades or downgrades for the company recently. Looking ahead, Energy Vault has set an ambitious revenue guidance range of $200 million to $300 million for 2025, focusing on projects with contracted offtakers and expecting margin expansion.
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