11 Hot Penny Stocks to Buy Right Now

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

Price: $3.61

6-months Performance: 51.05%

Number of Hedge Fund Holders: 17

Microvast Holdings, Inc. (NASDAQ:MVST) is one of the 11 Hot Penny Stocks to Buy Right Now. On May 19, Microvast Holdings, Inc. (NASDAQ:MVST) showcased a broad range of its high-performance battery products at the 17th China International Battery Fair in Shenzhen. The company’s products target various sectors, including Battery Energy Storage Systems (BESS), commercial vehicles, construction machinery, and specialized vehicles.

One of the key highlights of the company’s offering was its fast-charging battery series called the HpTO, MpCO, and HpCO. These batteries can reach 80% charge in just 15 to 20 minutes under standard power conditions. The batteries can reach 80% charge in just 15 to 20 minutes under standard power conditions.

In addition, Microvast Holdings, Inc. (NASDAQ:MVST) also introduced batteries with high energy density and long endurance. For instance, the HnSO 70Ah battery delivers 300 Wh/kg and lasts up to 4,000 cycles, ideal for long-range battery electric vehicles. Moreover, the HnCO 120Ah battery offers 265 Wh/kg with up to 5,000 cycles, designed for high-utilization scenarios requiring enhanced safety.

Microvast Holdings, Inc. (NASDAQ:MVST) specializes in advanced battery technologies, focusing on battery solutions for electric vehicles and energy storage systems. The company serves three main sectors, including electric commercial vehicles, energy storage systems (ESS), and battery components.

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