Energy Vault price target lowered to $1.50 from $2.50 at Roth MKM

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.