Roth MKM analyst Justin Clare lowered the firm’s price target on Energy Vault (NRGV) to $1.50 from $2.50 and keeps a Buy rating on the shares. The company reported a Q4 miss and cut 2025 guidance to reflect the 40% decline in battery pricing and acceleration of the own and operate model, but while the price decline and competitive environment create risks, Energy Vault has meaningfully increased its backlog, the analyst tells investors in a research note.
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Read More on NRGV:
- Energy Vault’s Earnings Call: Mixed Sentiments and Strategic Growth
- Energy Vault Holdings Delays Yearly Report Filing
- Energy Vault Holdings: Buy Rating Affirmed Amid Strategic Shifts and Strong Backlog Growth
- Energy Vault reports Q4 EPS (43c) vs (15c) last year
- Energy Vault sees FY25 revenue $200M-$300M, consensus $405.38M