5 Best EV Battery Stocks To Invest In

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In this article, we discuss the 5 best EV battery stocks to invest in. If you want to read our detailed analysis of these stocks and the outlook for the EV battery market, go directly to the 10 Best EV Battery Stocks To Invest In.

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

Number of Hedge Fund Holders: 19

Microvast Holdings, Inc. (NASDAQ:MVST) manufactures fast-charging battery systems from passenger and commercial electric vehicles to heavy-duty trucks and railways. In addition, the Texas-based company produces energy storage systems and battery backup units for data centers.

Microvast Holdings, Inc.’s (NASDAQ:MVST) revenue increased 20% year over year to $36.9 million in the third quarter of 2021, fueled by higher sales of battery products to new and current customers. Microvast Holdings, Inc. (NASDAQ:MVST) reiterated its revenue forecast for the fiscal year ending in December 2021, which is expected to be in the $145 million to $155 million range.

In early November, Microvast Holdings, Inc. (NASDAQ:MVST) expanded its presence in Florida by acquiring a 75,000 square feet facility which will become the company’s battery prototyping headquarters. 

At the end of September, 19 hedge funds were long Microvast Holdings, Inc. (NASDAQ:MVST), with a total stake of $185 million, up from 8 in the previous quarter with a stake worth $22.8 million.

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