Jim Cramer on Microvast: “that’s a great spec for now”

Microvast Holdings, Inc. (NASDAQ:MVST) is one of the stocks Jim Cramer put under the microscope. A caller asked for Cramer’s take on the company, given its focus on battery technology and production. In response, he said:

“Alright, that’s a great spec for now. We know that there’s a lot of interest in Washington on battery. We’ve seen that. Therefore, it could extend to these guys. I don’t know if it’s the case, but I’d hold onto it.”

A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels

Microvast Holdings, Inc. (NASDAQ:MVST) develops and manufactures lithium-ion battery technologies, components, and chemistries for electric vehicles and energy storage. The company announced its 6-month results on August 11, reporting a net loss of $44.3 million, compared to a net loss of $126.4 million during the same period last year. The company generated a revenue of $207.8 million, up 26% year-over-year. For the full-year 2025, Microvast Holdings, Inc.’s (NASDAQ:MVST) management expects 18% to 25% revenue growth year-over-year.

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