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home / news releases / NRGV - Energy Vault gains on raising Q4 and FY22 revenue guidance

NRGV - Energy Vault gains on raising Q4 and FY22 revenue guidance

Energy Vault Holdings Inc.
  • Energy Vault Holdings ( NYSE: NRGV ) revises FY22 revenue range to $142M – $152M from previous $75M-100M vs consensus of $83.56M .

  • For Q422 revenue is expected  between $96M and $106M, compared to the previous view of $29M to $54M vs consensus of $37.99M .

  • Higher than forecasted results for FY22 were driven by project and supply chain execution ahead of schedule for previously announced battery energy storage systems in the United States as well as territory expansions in Europe and the Middle East for the Company’s gravity energy storage systems.

  • Shares are trading up 13.76% premarket.

For further details see:

Energy Vault gains on raising Q4 and FY22 revenue guidance
Stock Information
Company Name: Energy Vault Holdings Inc.
Stock Symbol: NRGV
Market: NYSE
Website: energyvault.com
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