Stock Track | Microvast Holdings Soars 5.03% in Pre-Market as EV Battery Boom Continues

Stock Track

Jan 14, 2025

Microvast Holdings, Inc. (MVST) saw its stock surge 5.03% in the pre-market session on Tuesday, extending its remarkable rally driven by the company's strong performance and growth prospects in the booming electric vehicle battery market.

The battery technology firm has been a standout performer, with its stock skyrocketing 728% in the fourth quarter of 2024. This stellar run was fueled by Microvast's record Q3 2024 revenue of $101.4 million, a 27% year-over-year increase, and a substantial gross margin improvement to 33.2%, up from 22.3% in Q3 2023.

Analysts remain bullish on MVST, with a median price target of $3.5, representing a 46% upside from current levels. The company is expected to continue its growth trajectory, with projected FY 2024 revenue ranging between $90-$95 million, a 15-18% increase from the previous year, as it capitalizes on the burgeoning demand for advanced battery systems in the electric commercial vehicle segment.

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(MVST) saw its stock surge 5.03% in the pre-market session on Tuesday, extending its remarkable rally driven by the company's strong performance and growth prospects in the booming electric vehicle battery market.</p>\n\n<p>The battery technology firm has been a standout performer, with its stock skyrocketing 728% in the fourth quarter of 2024. This stellar run was fueled by Microvast's record Q3 2024 revenue of $101.4 million, a 27% year-over-year increase, and a substantial gross margin improvement to 33.2%, up from 22.3% in Q3 2023.</p>\n\n<p>Analysts remain bullish on MVST, with a median price target of $3.5, representing a 46% upside from current levels. The company is expected to continue its growth trajectory, with projected FY 2024 revenue ranging between $90-$95 million, a 15-18% increase from the previous year, as it capitalizes on the burgeoning demand for advanced battery systems in the electric commercial vehicle segment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MVST","symbol_name":"Microvast Holdings, Inc.","start_time":0,"source_url":"","article_id":"1188382788","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188382788","pubTimestamp":1736845701,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Microvast Holdings, Inc.  saw its stock surge 5.03% in the pre-market session on Tuesday, extending its remarkable rally driven by the company's strong performance and growth prospects in the booming electric vehicle battery market.The battery technology firm has been a standout performer, with its stock skyrocketing 728% in the fourth quarter of 2024. 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