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Stock impact report

Why Energy Vault Stock Exploded Higher Today [Yahoo! Finance]

Energy Vault Holdings, Inc. (NRGV) 
Company Research Source: Yahoo! Finance
But this company won't turn profitable for years. 10 stocks we like better than Energy Vault › Energy Vault (NYSE: NRGV) stock soared 20.5% through 10:40 a.m. ET Tuesday morning, even though the "grid-scale energy storage solutions" company apparently missed on its earnings report last night. TheFly.com reports that Energy Vault improved year over year, with Q3 losses declining to $0.16 per share and sales up dramatically to $33.3 million. However, Yahoo! Finance says Energy Vault still reported a loss twice as big as Wall Street was expecting, per generally accepted accounting principles ( GAAP Image source: Getty Images. Energy Vault Q3 earnings Q3 revenue surged 27 times in comparison to Q3 2024, when quarterly revenue was just over $1 million, and backlog more than doubled to $920 million. Gross profit was positive, but insufficient to offset the substantial operating expenses. On the bottom line, Energy Vault still lost money. Operating cash flow turned positive, Show less Read more
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