5 Best EV Battery Stocks Under $10

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In this article, we will be taking a look at the 5 best EV battery stocks under $10. To read our detailed analysis of the EV battery sector, you can go directly to see the 10 Best EV Battery Stocks Under $10.

5. Microvast Holdings Inc (NASDAQ:MVST)

Share Price as of April 5: $1.31
Number of Hedge Fund Holders: 12

Microvast Holdings Inc (NASDAQ:MVST) is a US-based manufacturer of fast-charging, long-lasting lithium-ion battery systems for electric vehicles (EVs). Like many other companies in the EV battery market, the company has strong fundamentals but a depressed stock price. Microvast Holdings Inc (NASDAQ:MVST) has developed an advanced lithium-ion battery technology that enables fast charging, long battery life, and high energy density.

In addition, the company has a strong IP portfolio, with over 550 patents and patent applications worldwide. Most importantly, Microvast enjoys strong partnerships in the industry. Microvast Holdings Inc (NASDAQ:MVST) was selected as the battery supplier for MAFI-TREPEL, a leading manufacturer of electric vehicles for airport ground handling operations. This partnership allows the company to boost its financial position, which should convince the market to increase the buying pressure on the stock. H.C. Wainwright has a ‘Buy’ rating on Microvast Holdings Inc (NASDAQ:MVST).

Insider Monkey tracked 12 hedge funds with positions in Microvast Holdings Inc (NASDAQ:MVST) in the fourth quarter, up from 11 in the previous quarter. The total value of these stakes is roughly $24.7 million.

Follow Microvast Holdings Inc. (NASDAQ:MVST)


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