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UPDATE: Morgan Stanley Starts (MVST) at Underweight

August 3, 2021 5:16 PM EDT
Get Alerts MVST Hot Sheet
Price: $4.56 +4.59%

Rating Summary:
    0 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 15 | New: 18
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(Updated - August 4, 2021 8:48 AM EDT)

Morgan Stanley analyst Adam Jonas initiates coverage on (NASDAQ: MVST) with a Underweight rating and a price target of $6.00.

The analyst commented, "We view Microvast (MVST) as more of a proprietary technology venture that, under some scenarios, has the potential to scale profitably. MVST currently generates revenue from selling cells and packs featuring its gradient cathode and aramid separator for mostly Chinese production. We are intrigued by its potential to sell battery components to bigger players, but we believe it faces greater competition and higher tech/execution risk (including the need to further diversify the business outside of China) that negatively impacts the risk/reward for investors. This leads us to initiate coverage on MVST at Underweight offering 32% downside to our DCF derived $6 price target ."

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $8.90 yesterday.

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