Analysts have raised their price target for Energy Vault Holdings from $1.10 to $1.60. They cite modest improvements in profit margin expectations and a slight increase in the discount rate as factors contributing to a more favorable fair value assessment.
What's in the News
- Energy Vault and Pacific Gas and Electric Company successfully completed and began commercial operation of the Calistoga Resiliency Center, a hybrid microgrid energy storage facility that integrates hydrogen fuel cells and lithium-ion batteries to support power resiliency for approximately 1,600 customers in Calistoga, California (Client Announcements).
- The company signed a Securities Purchase Agreement for the issuance of $50 million senior unsecured convertible debentures, with an initial $30 million tranche completed, providing new funding for growth initiatives (Private Placements).
- Energy Vault and Astor Enerji entered a Global Strategic Agreement to strengthen global supply chains for battery energy storage systems and accelerate deployment across key international markets, including supply of B-VAULT™ BESS solutions for large-scale projects in Romania and transformer supply for global projects (Strategic Alliances).
- An exclusivity agreement was reached for a $300 million preferred equity investment to support the launch of Asset Vault, a wholly owned subsidiary dedicated to developing, building, owning, and operating energy storage assets in priority global markets (Preferred Stock Buybacks).
- The Calistoga Resiliency Center received approval from the California Public Utilities Commission to participate in wholesale energy markets, removing the final barriers to generating new revenue streams from market-based grid services (Regulatory Authority and Compliance).
Valuation Changes
- Consensus Analyst Price Target: Increased from $1.10 to $1.60, reflecting an updated fair value assessment.
- Discount Rate: Increased slightly from 8.92% to 9.03%, indicating a more cautious risk outlook.
- Revenue Growth: Remains nearly unchanged at approximately 117.5% year-over-year.
- Net Profit Margin: Improved modestly from 10.16% to 10.59%.
- Future P/E: Increased from 5.10x to 7.14x, suggesting higher valuation expectations on forward earnings.
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