10 Unstoppable Growth Stocks To Buy According to Reddit

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

Number of Hedge Funds: 7

6-month Performance as of January 27, 2025: 394.8%

Microvast Holdings, Inc. (NASDAQ:MVST) is a lithium battery maker that serves the electric commercial vehicles and energy storage systems industries. The company celebrates its position in the market with its 31,000 battery systems in over 34 countries. Through its services, the company can meet the demand of several industries such as the commercial electric vehicles sector, utility-scale energy storage sector, and the heavy equipment sector. Analysts are also bullish on the stock and their median price target of $3.5 represents an upside of 77% from its current price of $1.98. In the past six months, the stock returned nearly 395%.

In an impressive feat, on January 9, Microvast Holdings, Inc. (NASDAQ:MVST) announced a groundbreaking update to the development of its True All-Solid-State Battery (ASSB) technology, facilitating internal series connections within a single battery cell. The advancements promise improved safety, energy density, and efficiency for crucial and heavy applications.

Microvast Holdings, Inc. (NASDAQ:MVST) is making strides as it plans to power the next generation of mission-critical applications. Consequently, the company expects FQ4 2024 revenue to range between $90-$95 million, representing a growth rate of 15-18%.