Microvast (NASDAQ:MVST – Get Free Report) announced its earnings results on Monday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.09), Zacks reports. The company had revenue of $60.61 million for the quarter, compared to analyst estimates of $99.02 million. Microvast had a positive return on equity of 2.51% and a negative net margin of 6.83%.
Here are the key takeaways from Microvast’s conference call:
- Q1 revenue was $60.6 million, a 48% year‑over‑year decline driven by lower shipment volumes (536 MWh to ~274 MWh); the company reported an adjusted net loss of $14.6 million and negative adjusted EBITDA of $5.5 million.
- Gross margin remained relatively resilient at 31.6% despite lower utilization, though management cautioned margins face near‑term pressure from Phase 3.2 ramp costs, raw material inflation, and tariffs.
- The Huzhou Phase 3.2 expansion is progressing (trial production completed on the 55 Ah electrode) with SOP expected in 2026 and up to ~2 GWh of incremental annual capacity, a key growth catalyst that will incur ramp expenses.
- Microvast announced a new 290 Ah LFP pack and CAF integrated electric powertrain targeting the U.S. school‑bus market (including a nitrogen purge safety system) aimed at reducing total cost of ownership and accelerating adoption.
- Liquidity finished the quarter at $174 million after $22.8 million of operating cash use and $29.3 million of financing proceeds, but further U.S. plant construction depends on additional financing and partnerships.
Microvast Stock Down 5.2%
Shares of NASDAQ:MVST opened at $2.02 on Tuesday. The company has a market capitalization of $670.70 million, a price-to-earnings ratio of -8.78 and a beta of 3.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.74. The business’s 50-day moving average is $1.84 and its 200-day moving average is $2.82. Microvast has a 1 year low of $1.37 and a 1 year high of $7.12.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in MVST. Millennium Management LLC lifted its stake in shares of Microvast by 101.6% in the 1st quarter. Millennium Management LLC now owns 4,646,060 shares of the company’s stock valued at $5,436,000 after purchasing an additional 2,341,637 shares during the period. First Trust Advisors LP lifted its stake in shares of Microvast by 4,632.7% in the 4th quarter. First Trust Advisors LP now owns 2,088,304 shares of the company’s stock valued at $5,847,000 after purchasing an additional 2,044,179 shares during the period. Vanguard Group Inc. lifted its stake in shares of Microvast by 14.6% in the 3rd quarter. Vanguard Group Inc. now owns 12,010,655 shares of the company’s stock valued at $46,241,000 after purchasing an additional 1,533,708 shares during the period. Bank of America Corp DE lifted its stake in shares of Microvast by 349.0% in the 2nd quarter. Bank of America Corp DE now owns 1,636,970 shares of the company’s stock valued at $5,942,000 after purchasing an additional 1,272,420 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Microvast in the 4th quarter valued at about $2,937,000. 20.72% of the stock is owned by institutional investors and hedge funds.
Microvast Company Profile
Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.
Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.
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