Microvast (MVST) Stock Hits New High on Battery Breakthroughs and $125 M Funding – What’s Next?
Microvast Holdings (NASDAQ: MVST) hit a 52-week high of $6.42 on Oct. 16, up 119% year-to-date and over 2,600% from last year’s lows. The EV battery maker reported record Q2 revenue of $91.3 million and positive adjusted EBITDA, but remains unprofitable. Microvast raised up to $125 million in an equity offering this month. Analyst ratings are mixed, with a consensus price target below current levels.
