Energy Vault Holdings is projected to report Q2 2026 revenue of $14.24 million and a consensus EPS loss of $0.14, with the stock currently trading near $3.53 against a $5.53 average analyst price target. Investors are primarily focused on the company’s "megawatts under management," which recently surpassed the 1 GW milestone as the firm pivots toward a high-margin recurring revenue model.
This quarter follows a significant 1.25 GW strategic agreement to provide power infrastructure for hyperscaler AI data centers in Texas, boosting the company's $1.35 billion contract backlog. Market sentiment will depend on the successful conversion of this backlog into realized revenue and the stability of management's reaffirmed full-year 2026 guidance.