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Stock impact report

Energy Vault Holdings Inc (NRGV) Q3 2024 Earnings Call Highlights: Strategic Shifts and ... [Yahoo! Finance]

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Yahoo! Finance
Energy Vault Holdings Inc ( NYSE:NRGV ) reported a 33% increase in revenue backlog, indicating strong future revenue potential. The company achieved a gross margin of 40.3% for the third quarter, significantly higher than the previous year. Energy Vault Holdings Inc ( NYSE:NRGV ) is expanding its global footprint with a strong development pipeline in the US and Australia totaling over 30 gigawatt hours. The company is transitioning to a build, own, and operate strategy, which is expected to enhance earnings visibility and margin profile. Energy Vault Holdings Inc ( NYSE:NRGV ) is recognized for its innovation, with its gravity energy storage technology being named one of the best inventions of 2024 by Time magazine. The company reported minimal project revenue in the third quarter, down notably year over year. Energy Vault Holdings Inc ( NYSE:NRGV ) expects full-year revenue to be at the lower end of the guidance range due to timing of equipment deliveries. The transiti Show less Read more
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