Latest news with #Evoy
Yahoo
3 days ago
- Automotive
- Yahoo
Microvast Holdings (MVST) Announces Strategic Partnership with Evoy
Microvast Holdings, Inc. (NASDAQ:MVST) is one of the Best Performing EV Stocks So Far in 2025. The company has announced a strategic partnership with Evoy, which is a Norwegian company that specializes in high-output electric motor systems for boats. Notably, this collaboration is Microvast Holdings, Inc. (NASDAQ:MVST)'s debut in the electric boat segment and reflects an expansion of Evoy's battery options for diverse market applications. Notably, Evoy plans to integrate Microvast MV-I high-power battery packs into the leisure boat product line. A row of electric vehicles all powered by the company's advanced battery systems. For Q1 2025, Microvast Holdings, Inc. (NASDAQ:MVST) booked a net profit of $61.8 million and a positive adjusted EBITDA of $28.5 million, reflecting an increased demand for its advanced battery solutions as well as the effectiveness of its emphasis on profitability and operational efficiency. The company achieved record Q1 2025 revenue of $116.5 million, a strong 43.2% YoY growth. Furthermore, Microvast Holdings, Inc. (NASDAQ:MVST) continues to achieve significant traction in the commercial vehicle sector, mainly within EMEA, where it saw more than 100% growth YoY. Microvast Holdings, Inc. (NASDAQ:MVST) expects that its high-growth EMEA business will maintain strong momentum and will continue to fuel YoY revenue increases. The company has been actively pursuing new strategic partnerships in the region in order to help its current and upcoming product lines. Microvast Holdings, Inc. (NASDAQ:MVST) offers battery technologies for EVs and energy storage solutions. While we acknowledge the potential of MVST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Can MVST's Dive Into Electric Boats Create Waves in Its Top Line?
Microvast Holdings MVST diversifies into the electric boat market, partnering with Evoy. This has positioned the company to tap into a burgeoning yet nascent market, enabling MVST to hop into the transportation electrification trend. The electric boat market is currently anticipated to grow, seeing a CAGR of 10.5% from 2025 to 2030, driven by increasing emphasis on carbon emission reduction and promoting sustainable marine transport. The collaboration with Evoy is MVST's debut in the electric boat segment and marks the expansion of Evoy's battery options. Microvast's MV-I high-power battery, with its energy density up to 180 Wh/kg, is the standout product that will be integrated by Evoy into its leisure boat product line. The MV-I battery offers an array of environmental and technical advantages that sit well with the factors driving the current expanding electric boat market. The partnership has enabled the company to mark its footprint within the leisure boats segment, thereby entering the European marine segment. Furthermore, MVST has exposed itself to the commercial vessel segment, a $160-billion market, wherein the need for fast-charging solutions can be extremely advantageous for cargo transport operations. The expansion into the electric boat market aligns well with the company's recent robust performance. Microvast's revenues increased 23.9% year over year in 2024, primarily fueled by a 41.6% rise in sales volume from 1,139.6 MWh in 2023 to 1613.6 MWh in 2024. This ability to boost sales volume, coupled with huge potential within the marine electrification market, indicates that the company's strategic entry into the electric boat segment will act as a catalyst for continued and exponential revenue growth in the future. Microvast has skyrocketed 770.6% in the past year, significantly outperforming AirJoule Technologies Corporation AIRJ and Yext YEXT, and the industry as a whole. The industry has rallied 45.8%. AirJoule Technologies has declined 55.5%, while Yext has gained 66.7%. Image Source: Zacks Investment Research Even in the six-month time frame, the MVST stock gained 48.9% surpassing the industry's 8.8% rise. AirJoule Technologies Corporation declined 38.6% while Yext gained 24.5%. From a valuation standpoint, MVST trades at a forward price-to-earnings ratio of 18.93, below the industry's 23.15. Microvast has a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for MVST's earnings is pegged at 13 cents per share, whereas it incurred a year-ago loss of 27 cents. Image Source: Zacks Investment Research Microvast flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Yext (YEXT) : Free Stock Analysis Report Microvast Holdings, Inc. (MVST) : Free Stock Analysis Report AirJoule Technologies Corporation (AIRJ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Microvast Soars 850% in a Year: Should Investors be Onboard Now?
Microvast Holdings MVST shares have skyrocketed 849.7% in a year, outperforming the 38.3% rise of its industry and 12.9% growth in the Zacks S&P 500 Composite. MVST has outperformed its industry peers, AppLovin APP and Dave DAVE. AppLovin and Dave shares have soared 286.4% and 785.3% in a year. Image Source: Zacks Investment Research We have analyzed Microvast stock's rally and recommend whether investors should jump on the bandwagon or stay away from it. In 2024, Microvast entered a partnership with Evoy, a Norwegian specialist in high-output electric motor systems for boats. This marked MVST's market diversification, drawing a vivid picture of its versatile and robust battery technology. The electric boat and ship market is anticipated to grow, seeing a CAGR of 12.7% from 2025 to 2030, fueled by tech advancements in battery systems and propulsion technology. Evoy's integration of MVST's MV-I battery due to its improved safety and reliability in boat applications has demonstrated the company's ability to productize its core battery expertise beyond traditional commercial vehicles. This accomplishment validates their technological capabilities for high-performance applications, opening spaces to other specialized electric sectors such as aviation, defense and construction equipment. The company reached a milestone in the development of its True All-Solid-State Battery ('ASSB') technology in January 2025. This advancement is a cornerstone in enhancing safety, energy density, and efficiency for data center backup power systems and electric school buses, while paving the way for future innovations in robotics and electric vehicles. Microvast's ASSB uses a bipolar stacking architecture that supports internal series connections within a single battery cell. The company has also eliminated liquid electrolyte, allowing a single cell to gain dozens of volts or higher. The success of this technological advancement has positioned the company well as a transformative innovation within the battery market, which is anticipated to flourish, witnessing a CAGR of 16.4% from 2025 to 2030. Management's optimism for year-over-year revenue growth of 18-25% to $450-$475 million in 2025 gives a whiff of confidence in scaling production. MVST trades at a forward price-to-earnings ratio lower than AppLovin and Dave, and the industry as a whole. Microvastis is priced at 19.4X, lower than the industry's 22.03X. APP and DAVE currently trade at 32.77X and 26.59X, respectively. If you are a value-oriented investor, then the MVST stock should be appealing. Image Source: Zacks Investment Research In terms of liquidity, we find it to be significantly impressive, given that the current ratio during the March quarter has increased 28.2% from the year-ago quarter to 1.32. While the metric lags the industry average of 1.84, there is no denying the fact that a current ratio of more than 1 means that MVST can cover short-term obligations easily. Image Source: Zacks Investment Research The Zacks Consensus Estimate for the company's 2025 revenues is $466.7 million, implying 22.9% year-over-year growth. For 2026, the top line is pegged at $601.3 million, indicating a 28.8% year-over-year increase. The consensus estimate for MVST's 2025 earnings per share stands at 13 cents, suggesting a 148.2% year-over-year upsurge. For 2026, the bottom line is projected at 24 cents per share, representing an 88.5% year-over-year increase. Over the past 60 days, two EPS estimates for 2025 and one for 2026 have been revised upward with no downward revisions. The Zacks Consensus Estimate for 2025 earnings increased to 13 cents from a loss of a penny. For 2026, earnings estimates skyrocketed 242%. These upward revisions reflect analysts' growing confidence in MVST's ability to improve its financial performance, supported by its strong business model and solid growth potential. Microvast, which is a global leader in advanced battery technologies, is well-positioned to expand its market share within the battery market by leveraging its new AASB technology and entry into the electric boat segment. We expect strengthening in scalability from management's optimistic top-line outlook. MVST is a fundamentally strong stock that presents an attractive proposition to investors due to its discounted valuation and solid liquidity. Given these positive factors, we recommend that investors add this stock to their portfolio now to capitalize on the continued rally. Microvast flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dave Inc. (DAVE) : Free Stock Analysis Report AppLovin Corporation (APP) : Free Stock Analysis Report Microvast Holdings, Inc. (MVST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
