Energy Vault Reaffirms FY23 Outlook: Revenue $325M - $425M Vs. $377.31M Est., Adj. EBITDA $(50)M - $(70)M
Portfolio Pulse from Benzinga Newsdesk
Energy Vault has reaffirmed its FY23 outlook, expecting revenues between $325M and $425M, compared to the estimated $377.31M. The company also anticipates an adjusted EBITDA between $(50)M and $(70)M.
August 08, 2023 | 11:39 am
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NEUTRAL IMPACT
Energy Vault's reaffirmed FY23 outlook may impact NRGV's stock price. The company's expected revenues and adjusted EBITDA are in line with estimates.
Energy Vault's reaffirmed FY23 outlook is directly related to NRGV. The expected revenues and adjusted EBITDA are in line with estimates, which could maintain the current stock price. However, the market's reaction to this news will ultimately determine the impact on NRGV's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100