Why Is EV Battery Tech Provider Microvast Stock Surging Today?

Shares of Microvast Holdings Inc (NASDAQ:MVST) are trading higher in premarket on Tuesday after the fourth-quarter earnings.

The company reported fourth-quarter sales growth of 8.4% year-on-year to $113.39 million, beating the analyst consensus estimate of $91.88 million.

Adjusted EPS loss for the quarter improved to $0.01 from $0.04 last year.

The gross margin expanded 1,460 basis points to 36.6%, and the gross profit was $41.5 million, an 80% increase.

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https://www.benzinga.com/news/earnings/25/04/44582695/why-is-ev-battery-tech-provider-microvast-stock-surging-today