Energy Vault Holdings Shares Are Down Today: What's Going On?

Energy Vault Holdings Inc. NRGV shares are trading lower on Thursday following the fourth-quarter earnings and revenue miss on Monday.

What To Know: Energy Vault posted revenue of $33.5 million and full-year revenue of $46.2 million, falling 7% below the low end of its guidance range. The company attributed the shortfall to declining lithium-ion battery prices, the timing of revenue recognition for projects in Australia and its decision to retain $100 million in projects on its balance sheet instead of recognizing them as revenue. The company is shifting toward an “own and operate” model, which it expects will generate long-term, high-margin revenue streams.

Looking ahead, Energy Vault expects revenue in 2025 to rise significantly, forecasting between $200 million and $300 million. The company points to accelerating business in Australia and the U.S. but acknowledges that global lithium-ion battery price declines and increased U.S. tariffs will impact results. The shift from build-and-transfer projects to owned assets is expected to reduce near-term revenue by approximately $150 million but contribute to long-term recurring revenue.

NRGV Price Action: Energy Vault Holdings shares were down 12.2% at 87 cents at the time of writing, according to Benzinga Pro.

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