TD Cowen lowered the firm’s price target on Energy Vault to $5.50 from $6.50 and keeps an Outperform rating on the shares. The analyst anticipates results to broadly be in line with consensus estimates given prior commentary from management on low double-digit revenues for 1Q23.
Published first on TheFly
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Read More on NRGV:
- Energy Vault price target lowered to $2 from $2.50 at Goldman Sachs
- Energy Vault price target lowered to $6 from $9 at Stifel
- Energy Vault price target lowered to $6.50 from $9.00 at TD Cowen
- Energy Vault sees FY23 revenue $325M-$425M, consensus $553.71M
- Energy Vault reports Q4 EPS (17c), consensus (15c)
