The Goldman Sachs Group Issues Positive Forecast for Energy Vault (NYSE:NRGV) Stock Price

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The Goldman Sachs Group raised its price target for Energy Vault (NYSE:NRGV) from $1.75 to $2.00 but maintained a “sell” rating, implying a potential 45.6% downside from the current price. Energy Vault has a “Reduce” consensus rating from analysts, with recent downgrades to “sell” or “strong sell” from Zacks and Weiss Ratings. The company reported a quarterly loss, negative margins, and significant insider selling, including shares from Vision Fund and the CFO, although insiders still hold about 15.4% of the shares.

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