Energy Vault Price Target Raised
Roth Capital raises Energy Vault's price target to $7 from $5 after a mixed Q2
NRGV Roth Capital raised the firm's price target on Energy Vault to $7 from $5 and keeps a Buy rating on the shares.
The company posted a mixed Q2 with a top-line and gross margin beat offset by higher operating expenditure tied to commercial scaling and project development, the analyst tells investors in a research note.
Roth adds that it is raising 2026 estimates on the improved outlook and materially increasing its 2027-and-beyond forecasts given stronger backlog visibility, including the 1.25 GW hyperscaler contract expected to generate $500M-$600M through 2027.