Microvast Holdings, Inc. (NASDAQ: MVST) stock surged 10% in the intraday trading session on Friday, extending its impressive rally over the past year. The company's shares have skyrocketed by 75% over the last 12 months, significantly outperforming the broader market.

The recent surge in MVST's stock price can be attributed to the company's robust revenue growth trajectory. According to the financial data, Microvast Holdings reported a remarkable 39% year-over-year increase in revenue during the previous fiscal year. While the company is not yet profitable, investors are betting on its ability to sustain this strong top-line expansion, fueling optimism and driving the stock's upward momentum.

Analysts suggest that if Microvast Holdings can maintain its current pace of revenue growth, the stock could continue its upward trajectory. However, it is crucial to monitor the company's profitability and cash flow metrics to gauge its long-term prospects and justify the current valuation levels.