Roth MKM initiated coverage of Energy Vault with a Buy rating and $4 price target. After launching an expanded platform in 2021 with short, long, and ultralong duration energy storage solutions, Energy Vault made rapid progress in establishing a position in the global energy storage market, the analyst tells investors in a research note. The firm believes the company’s bookings could accelerate in 2024, supported by the tailwind of a quickly growing storage market.
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