5 Most Promising EV Battery Stocks According to Analysts

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

Stock Price: $1.21

Average Analyst Price Target: $8.00

Average Analyst Price Target Upside: 561.16%

Microvast Holdings, Inc. (NASDAQ:MVST) is a Texas-based company that is engaged in the designing, development, and manufacturing of lithium-ion battery solutions. It tops our list of the most promising EV battery stocks.

On November 9, Microvast Holdings, Inc. (NASDAQ:MVST) posted its Q3 non-GAAP EPS of -$0.03, topping the analysts’ estimates by $0.02. The revenue rose by 117.1% YoY to $80.1 million, topping the estimates by $3.68 million.

According to Insider Monkey’s database, 13 hedge funds were bullish on Microvast Holdings, Inc. (NASDAQ:MVST)’s stock in both Q3 and Q2, but the combined stake value increased to $24.898 million in the third quarter, compared to $18.256 million in the previous quarter.

On November 29, Cantor Fitzgerald started coverage of Microvast Holdings, Inc. (NASDAQ:MVST)’s stock with an Overweight rating and a $8 price target. The firm highlighted the company’s increasing production and innovation throughout the critical components of the battery.

Follow Microvast Holdings Inc. (NASDAQ:MVST)

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