H.C. Wainwright Rates Microvast Holdings (MVST) as ‘Buy,’ Hikes Price Target

Microvast Holdings Inc. (NASDAQ:MVST) is one of the best multibagger penny stocks to buy according to analysts. On August 13, H.C. Wainwright reiterated a ‘Buy’ rating on the stock and raised the price target to $6 from $3.

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The research firm is also buoyed by the company’s solid Q2 2025 results, whereby revenue increased 9.2% year-over-year to $91.3 million. The increase resulted in a gross margin of 34.7%. While the company booked a GAAP net loss of $106.1 million, it achieved a positive EBITDA of $25.9 million.

The solid second-quarter results underscored growing demand for Microvast’s advanced battery solutions, as well as a focus on profitability and operational efficiency. The company has already completed the installation and commissioning of production equipment for the Huzhou Phase 3.2 expansion, which is expected to increase capacity and meet strong customer demand.

For the full year, the company expects revenue growth of between 18% and 25% with revenue guidance of between $450 million and $475 million.

Microvast Holdings Inc. (NASDAQ:MVST) is a technology company that designs, develops, and manufactures lithium-ion battery systems and components, primarily for electric vehicles and energy storage systems. It controls the entire process, from battery cell development to manufacturing, including components such as cathode, anode, electrolyte, and separator.

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Disclosure: None. This article is originally published at Insider Monkey.