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Microvast Holdings, Inc. - $MVST STOCK NEWS

Welcome to our dedicated page for Microvast Holdings news (Ticker: $MVST), a resource for investors and traders seeking the latest updates and insights on Microvast Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Microvast Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Microvast Holdings's position in the market.

News
Microvast Schedules First Quarter Earnings Call
Rhea-AI Summary

Microvast Holdings, Inc. (NASDAQ: MVST) will release its first-quarter 2024 financial results on May 9, 2024. The company specializes in lithium-ion battery solutions and will host a webcast and earnings call to discuss the results and outlook.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.09%
Tags
earnings
-
News
Microvast Reports 2023 Financial Results
Rhea-AI Summary
Microvast Holdings, Inc. (MVST) reported a significant 49.9% year-over-year revenue increase to $306.6 million in FY 2023, with a record quarterly revenue of $104.6 million in Q4 2023. The gross margin surged from 4.4% to 18.7%, a 14.3 percentage point improvement. The company aims for revenue growth in APAC and EMEA regions, with a focus on reducing operating losses and improving liquidity positions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-34.08%
Tags
earnings
-
News
Microvast Schedules Fourth Quarter Earnings Call
Rhea-AI Summary
Microvast Holdings, Inc. (MVST) will release its Q4 2023 financial results on April 1st, 2024. The company specializes in lithium-ion battery solutions and will host a webcast to discuss the results and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.57%
Tags
earnings
News
Microvast Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Microvast Holdings, Inc. (NASDAQ: MVST) announced strong Q3 2023 financial results, including a 107.5% YoY revenue increase to $80.1 million, a record backlog of $678.7 million, and a gross margin improvement from 5.2% to 22.3%. The company also provided a positive 2023 outlook, anticipating continued growth and revenue in the range of $292 million to $302 million for the full year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.65%
Tags
earnings
-
News
Microvast Schedules Third Quarter Earnings Call
Rhea-AI Summary
Microvast Holdings, Inc. will report its Q3 2023 financial results and host a webcast and earnings conference call. The webcast will be accessible on Microvast's investor relations website. Investors can participate in the Q&A session and submit questions via the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
earnings
-
News
Microvast Appoints Zach Ward as President to Drive Ongoing U.S. Expansion
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.4%
Tags
management
News
Microvast Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Microvast Holdings, Inc. (NASDAQ: MVST) reported strong Q2 2023 results, with revenue increasing 16.4% YoY to $75.0 million, and a record backlog of $675.9 million, up 541.9% YoY. Gross margin improved to 15.3% from 7.5% YoY. The company expects continued growth in orders and backlog for the rest of the year, with Q3 2023 revenue projected to be in the range of $72 million to $80 million and full-year 2023 revenue projected to be $348 million to $368 million. Capital expenditures for the full year are anticipated to be in the range of $180.0 million to $210.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
Tags
earnings
-
News
Microvast to Present at the Oppenheimer 26th Annual Technology, Internet & Communications Conference
Rhea-AI Summary
Microvast Holdings, Inc. (NASDAQ: MVST) announced that its CEO, Yang Wu, and CFO, Craig Webster, will participate in a virtual fireside chat at the Oppenheimer 26th Annual Technology, Internet & Communications Conference on August 8th, 2023. The webcast will be available on the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.02%
Tags
conferences
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News
Microvast Schedules Second Quarter Earnings Call
Rhea-AI Summary
Microvast Holdings, Inc. (NASDAQ: MVST) will release its consolidated financial results for Q2 2023 on August 7, 2023. A webcast and earnings conference call will be held to discuss the results and outlook. The webcast can be accessed on Microvast's investor relations website. Questions can be submitted via the website or during the Q&A session on the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
earnings
News
Microvast Announces Energy Division Expansion in Colorado
Rhea-AI Summary
Microvast Holdings, Inc. (NASDAQ: MVST) is expanding its Colorado energy division with a new facility in Windsor, Colorado. The facility, expected to be operational in 2023, will provide 100,000 square feet of production space for the manufacturing of energy storage systems (ESS). The expansion aims to support the fast-growing utility-scale energy storage market and boost the local economy by creating more jobs in Colorado.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.11%
Tags
none
Stock MVST logo
Microvast Holdings, Inc.

Nasdaq:MVST

MVST Rankings

#4100 Ranked by Market Cap
#4604 Ranked by Stock Gains
N/A Ranked by Dividends

MVST Stock Data

126.65M
181.31M
28.75%
25.62%
9.81%
Heavy Duty Truck Manufacturing
Manufacturing
Link
United States of America
STAFFORD

About MVST

microvast, incorporated is the parent company of microvast power systems, microvast materials and ochem. each company represents a piece of the vertical integration strategy for manufacturing top level advanced power solutions. founded in 2006 as a primarily research and technology driven company, microvast, inc., has evolved into a completely vertically integrated advanced power and technology company that maintains strict quality control from the very bottom all the way to the top. this quality is reflected in the top-level advanced power solutions we provide, as well as within each of our other products from our integrated companies. it also gives us some significant customization flexibility and cost advantages when meeting the needs of our customers. at its heart microvast is a battery chemistry innovator with over 250 patent applications, and over 100 core patents for all battery cell components. microvast’s manufacturing operations are centered in huzhou zhejiang china. our