H.C. Wainwright lowered the firm’s price target on Microvast to $3 from $8 and keeps a Buy rating on the shares. The analyst cites uncertainty around timeline for the completion of the company’s Clarksville facility and drop in energy storage related backlog for the target cut.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MVST:
- Options Volatility and Implied Earnings Moves Today, April 02, 2024
- Microvast Holdings options imply 22.5% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, April 01, 2024
- Options Volatility and Implied Earnings Moves This Week, April 01 – April 05, 2024
- MVST Earnings this Week: How Will it Perform?