Energy Vault Faces Sell Rating and Revenue Track Concerns, Chardan Analysis Reveals

Monday, 8 April 2024, 16:53

Chardan Resources has downgraded Energy Vault Holdings (NRGV) to Sell, citing an 'inverted revenue trajectory'. The company's stock price experiences a significant decline as Wall Street estimates are expected to drop before the upcoming analyst day. Investors are urged to carefully consider the new assessment by Chardan to make informed decisions for the future.
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Energy Vault Faces Sell Rating and Revenue Track Concerns, Chardan Analysis Reveals

Energy Vault Rating Downgraded

Chardan Resources has downgraded Energy Vault Holdings (NRGV) to Sell, anticipating a challenging revenue trend in the near future. The stock has plunged following the rating adjustment and ahead of the upcoming analyst day. Investors are advised to scrutinize the implications of this decision on their portfolios.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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