Shares of Microvast Holdings, Inc. (NASDAQ: MVST), a leading player in advanced battery technologies, surged by 16.32% in Tuesday's trading session following the release of its stellar first-quarter 2025 financial results. The company reported record revenue and a significant turnaround in profitability, exceeding market expectations.

Microvast announced record Q1 revenue of $116.5 million, representing a robust 43.2% year-over-year increase. The company's bottom line showed a remarkable improvement, with a net profit of $61.8 million, a dramatic shift from a net loss of $24.8 million in the same quarter last year. Earnings per share came in at $0.19, compared to a loss of $0.08 per share in Q1 2024. The company's gross margin expanded significantly from 21.2% to 36.9% year-over-year, while adjusted EBITDA turned positive at $28.5 million.

Adding to investor optimism, Microvast maintained its positive outlook for the remainder of 2025. The company reaffirmed its guidance, targeting revenue growth of 18% to 25% year-over-year, with expected revenue between $450 million and $475 million. Microvast also aims to achieve a gross margin of 30% for the year, supported by regional efficiencies and increased utilization. The strong quarterly performance and optimistic forecast have fueled investor confidence, contributing to the significant stock price increase.