11 Stocks That Will Go to the Moon According to Reddit

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

Analyst Upside as of January 14, 2025: 76%

Number of Hedge Fund Holders: 7

Microvast Holdings, Inc. (NASDAQ:MVST) is a lithium battery maker that serves the electric commercial vehicles and energy storage systems industries. The company is a crucial stakeholder in clean energy, as it focuses on accelerating the transition with its 31,000 battery systems in over 34 countries. Very recently on January 9, the company announced a solid breakthrough to its All-Solid-State Battery technology. The advancements promise safety, energy density, and efficiency for data center backup systems and electric school buses.

In the third quarter of 2024, the company generated record Q3 revenue worth $101.4 million, up by 27% year-over-year. At the same time, the battery maker’s gross margin surged to 33.2%, up from 22.3% in Q3 2023. Microvast Holdings, Inc. (NASDAQ:MVST) is making strides as it plans to power the next generation of electric commercial vehicles. Consequently, the company expects FY 2024 revenue to range between $90-$95 million, representing a growth rate of 15-18%.

Technology advancements coupled with a sound financial performance point to a bright future for MVST. This explains why analysts are bullish on the stock. Their median price target represents an upside of 76% from current levels, as of January 14, 2025.