Post by
ceetong on Jan 18, 2023 11:17am
Over-achievement elsewhere
"For the full year 2022, Energy Vault expects total revenue of $142 to $152 million, ahead of the Company's previously communicated full year 2022 guidance of $75 to $100 million. The revised guidance implies expected fourth quarter 2022 revenue of between $96 and $106 million, compared to $29 to $54 million previously required to meet its full year 2022 forecast following the reporting of third quarter 2022 results."
https://investors.energyvault.com/news/news-details/2023/Energy-Vault-Updates-Fourth-Quarter-and-Full-Year-2022-Expected-Revenue-Results/default.aspx
At LGO, of course, it's the other way round: Over-promise and underachieve. Zero (!) batteries sold in all of 2022. It's 19 months ago that they sold their one and only yet to be commissioned battery EVER.
Comment by
ceetong on Feb 06, 2023 10:04am
The competition MEETS GUIDANCE and announces new deals. Compare this to deals at Largo since summer of 2021 and missed guidance. One batterry sold in 20212. Zero batteries sold in 2022!
Comment by
ceetong on Feb 06, 2023 10:05am
Here's the link: https://renewablesnow.com/news/battery-maker-eos-says-2022-revenue-meets-guidance-813640/