Microvast Stock Skyrockets 19% on $125M Equity Raise & Battery Breakthroughs
Microvast shares jumped 19.2% to $6.26 on Oct 15, with trading volume tripling to 19.5 million shares. The surge followed a $125 million equity offering announcement and recent battery technology showcases. Q2 revenue hit a record $91.3 million. Analyst ratings remain mixed, with the average price target below the current close.