What Energy Vault (NRGV) Said on Its Q3 Earnings Call

Impact · against what's priced in

NRGV shifts its valuation narrative from a cash-burn growth story to a profitability story with the first-ever guidance for positive adjusted EBITDA in 2027. While a steep Q3 revenue decline highlights extreme execution risk for the end of 2026, the massive backlog growth provides a concrete foundation for the 2027 targets.

NRGV+0.40

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In context

The company's first projected full year of positive adjusted EBITDA ($40M-$50M) and a revenue forecast of $600M-$700M for 2027 provide a new fundamental floor, supported by a $2.3 billion backlog.

Read from the article alone

• ebitda▲100%
• earnings
• NRGV
• backlog
• battery storage
• energy storage
• grid stability
• renewable energy
• revenue guidance