10 Best Performing EV Stocks So Far in 2025

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6. Microvast Holdings, Inc. (NASDAQ:MVST)

% Return on a YTD Basis: ~30.2%

Number of Hedge Fund Holders: 17

Microvast Holdings, Inc. (NASDAQ:MVST) is one of the Best Performing EV Stocks So Far in 2025. On May 13, analyst Amit Dayal of H.C. Wainwright maintained a “Buy” rating on the company’s stock, while retaining the price objective of $3.00.

The analyst’s rating is backed by Microvast Holdings, Inc. (NASDAQ:MVST)’s impressive financial performance and promising technological advancements. It saw a significant YoY revenue growth of 43.2% in Q1 2025, exceeding expectations. As per the analyst, the growth was mainly aided by robust sales in the EMEA region, which made up for more than half of the total revenue and exhibited a 108% rise versus the prior year.

Furthermore, Microvast Holdings, Inc. (NASDAQ:MVST)’s gross margins saw an improvement because of operational efficiencies and better capacity utilization. Its innovative solid-state battery 3D printing technology, which enables adaptable cell fabrication, can open new market opportunities, believes Dayal. Microvast Holdings, Inc. (NASDAQ:MVST)’s favourable revenue outlook for 2025, aided by a significant backlog, strengthens confidence in future growth potential.

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. 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.

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