Core Insights - Microvast Holdings (MVST) shares have surged 849.7% over the past year, significantly outperforming the industry growth of 38.3% and the Zacks S&P 500 Composite's 12.9% increase [1] - The company has outperformed peers such as AppLovin (APP) and Dave (DAVE), which saw their shares rise by 286.4% and 785.3% respectively [1] Company Developments - In 2024, Microvast entered a partnership with Evoy, a Norwegian company specializing in high-output electric motor systems for boats, marking a diversification in MVST's market presence [5] - The electric boat and ship market is projected to grow at a CAGR of 12.7% from 2025 to 2030, driven by advancements in battery systems and propulsion technology [5] - The integration of MVST's MV-I battery into Evoy's systems has showcased the company's ability to extend its battery technology applications beyond traditional commercial vehicles [6] Technological Advancements - Microvast achieved a significant milestone in January 2025 with its True All-Solid-State Battery (ASSB) technology, enhancing safety, energy density, and efficiency [7] - The ASSB technology employs a bipolar stacking architecture and eliminates liquid electrolytes, allowing for higher voltage capabilities [8] - The battery market is expected to grow at a CAGR of 16.4% from 2025 to 2030, positioning Microvast favorably within this expanding sector [9] Financial Performance - MVST is projected to achieve a revenue of $466.7 million in 2025, reflecting a year-over-year growth of 22.9%, with further growth expected to $601.3 million in 2026 [15] - The consensus estimate for 2025 earnings per share is 13 cents, indicating a substantial year-over-year increase of 148.2% [15] - Recent upward revisions in EPS estimates reflect analysts' confidence in MVST's financial performance, with 2025 earnings estimates rising from a loss to a profit [16] Valuation and Liquidity - MVST trades at a forward P/E ratio of 19.4, lower than the industry average of 22.03, making it attractive for value-oriented investors [10] - The company's current ratio has increased by 28.2% year-over-year to 1.32, indicating strong liquidity and the ability to cover short-term obligations [13] Market Position - Microvast is well-positioned to expand its market share in the battery sector by leveraging its ASSB technology and entry into the electric boat market [17] - The company is recognized as a fundamentally strong stock with an attractive valuation and solid liquidity, making it a compelling addition to investment portfolios [18]

Core Insights - First Principles Partners specializes in equity research focused on technology, innovation, and sustainability investment, utilizing a unique approach that breaks down complex problems to their basic elements [1] Group 1: Company Overview - The company has a strong background in investment, private equity, and venture capital, demonstrating a proven track record of delivering strong returns [1] - Articles produced by the company emphasize emerging technologies, sustainable investing, and the intersection of innovation and finance [1] Group 2: Investment Philosophy - The "First Principles" approach allows the company to uncover overlooked investment opportunities by simplifying complex financial and technological issues [1] - The company is committed to sharing insights with a wider audience and fostering collaboration among investors to drive positive change [1]

Group 1: Penny Stocks Overview - Trading penny stocks allows investors to buy a significant number of shares with limited capital, potentially generating substantial profits from small price movements [1] - Penny stocks are often associated with small-cap or micro-cap companies, many of which are unprofitable and may lack revenue [1][2] Group 2: Microvast Holdings Inc. - Microvast Holdings Inc. (NASDAQ: MVST) is a leader in battery technologies for electric vehicles and energy storage, holding over 800 patents [4] - The company reported a strong earnings performance, beating revenue expectations and maintaining a full-year revenue growth guidance of 18% to 25% [5] - MVST stock has risen 80% in the last 30 days, partly due to its recent addition to the Russell 3000 index, which may attract institutional interest [6] Group 3: Ribbon Communications Inc. - Ribbon Communications Inc. (NASDAQ: RBBN) is positioned as a key player in AI infrastructure, particularly in telecommunications for large language models [8][9] - The company has maintained its full-year revenue guidance between $870 million and $890 million, exceeding analysts' forecasts [10] - RBBN stock has increased over 20% following its latest earnings report, with a consensus price target of $5.88, indicating a potential upside of 49.8% [11] Group 4: Intellicheck Inc. - Intellicheck Inc. (NYSE: IDN) focuses on identity verification and fraud detection within the cybersecurity sector, a rapidly growing niche [12][13] - The company reported 100% renewal rates and high gross margins, with annual contract values exceeding $10 million [14] - Analysts have set a consensus price target of $5.83 for IDN stock, suggesting potential for speculative investment [15]

Group 1 - Microvast Holdings, Inc. (MVST) has shown strong performance in the Business Services sector, with a year-to-date return of approximately 72.5%, significantly outperforming the sector average of 3.8% [4] - The Zacks Rank for Microvast Holdings is currently 1 (Strong Buy), indicating a positive earnings outlook and strong analyst sentiment [3][4] - Over the past three months, the Zacks Consensus Estimate for MVST's full-year earnings has increased by 176%, reflecting improving analyst expectations [4] Group 2 - Microvast Holdings, Inc. is part of the Technology Services industry, which includes 130 individual stocks and currently ranks 49 in the Zacks Industry Rank [6] - The average return for the Technology Services industry so far this year is 5.3%, indicating that MVST is outperforming its industry peers as well [6] - Another stock in the Business Services sector, Nomura Research Institute (NRILY), has also performed well, with a year-to-date increase of 37.2% and a Zacks Rank of 1 [5][6]

Industry Overview - The Zacks Technology Services Industry is performing strongly, ranking in the top 22% of over 240 Zacks industries, with 11 stocks currently rated as Zacks Rank 1 (Strong Buy) [1] CoreCard (CCRD) - CoreCard's stock price is $26, having reached a 52-week high of $28, driven by consistent revenue growth and increased profitability [2] - The company exceeded Q1 EPS expectations by 75%, reporting earnings of $0.28 per share against estimates of $0.16, a significant increase from $0.07 in Q1 of the previous year [2][3] - Institutional investors own 41% of CoreCard's shares, and the company has surpassed the Zacks EPS Consensus for six consecutive quarters, with an average earnings surprise of 119.22% over the last four quarters [3] Dave Inc. (DAVE) - Dave Inc.'s stock price is $217, reflecting a nearly 150% increase year-to-date and a staggering 3,900% gain over the last two years [5][6] - The company has seen record growth since going public in 2022, with projections indicating high-double-digit growth in both revenue and earnings for fiscal years 2025 and 2026 [6] - Dave crushed Q1 EPS expectations by 61%, reporting earnings of $2.48 per share compared to estimates of $1.54, with FY25 and FY26 EPS estimates increasing by over 26% and 31% respectively in the last 60 days [7] Microvast (MVST) - Microvast's stock price is $3, having increased over 90% in 2025 and reaching a one-year high of $4.32 [8] - The company reported a surprise profit of $0.06 per share in Q1, compared to an expected loss of -$0.02, and achieved record Q1 revenue of $116.49 million, exceeding estimates of $103.75 million and up 43% from $81.35 million in the prior period [9] - Microvast is expected to achieve profitability this year, with rapid sales growth indicating strong future earnings potential [9] Conclusion - The positive trend in earnings estimate revisions suggests further upside potential for highly ranked technology services stocks, with CoreCard, Dave Inc., and Microvast identified as viable buy-the-dip candidates due to their significant expansion [13]

Core Viewpoint - Microvast Holdings, Inc. (MVST) is experiencing a positive shift in earnings estimates, which is likely to drive its stock price higher, supported by strong short-term price momentum and improving earnings outlook [1][2]. Earnings Estimates - Analysts have shown growing optimism regarding Microvast's earnings prospects, leading to higher estimates that are expected to reflect in the stock price [2]. - The consensus earnings estimate for the current quarter is $0.01 per share, representing a year-over-year increase of +104.76%, with a 100% increase in estimates over the last 30 days [6]. - For the full year, the expected earnings are $0.13 per share, indicating a year-over-year change of +148.15%, with a notable increase of 163.33% in consensus estimates during the same period [7][8]. Zacks Rank - Microvast currently holds a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on favorable estimate revisions [9]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3]. Stock Performance - Over the past four weeks, Microvast shares have increased by 72.2%, reflecting investor confidence in its earnings growth prospects [10].

Company Performance - Amadeus IT Group SA Unsponsored ADR (AMADY) has shown a year-to-date performance increase of approximately 14.1%, outperforming the average return of 4% for Business Services companies [4] - The Zacks Consensus Estimate for AMADY's full-year earnings has increased by 9.7% over the past three months, indicating improving analyst sentiment [4] - Amadeus IT Group currently holds a Zacks Rank of 1 (Strong Buy), suggesting a strong earnings outlook [3] Industry Context - Amadeus IT Group belongs to the Technology Services industry, which consists of 129 individual stocks and currently ranks 49 in the Zacks Industry Rank [6] - The average gain for stocks in the Technology Services industry this year is 5.3%, indicating that AMADY is performing better than its peers in this sector [6] - Another notable stock in the Business Services sector is Microvast Holdings, Inc. (MVST), which has increased by 59.4% year-to-date and also holds a Zacks Rank of 1 (Strong Buy) [5]

Core Insights - Microvast Holdings, Inc. will showcase its advanced battery technologies at the 17th China International Battery Fair (CIBF 2025) from May 15th to 17th, 2025, emphasizing its leadership in the battery industry [1][6] Product Highlights - The company will present solutions for Battery Energy Storage Systems (BESS), commercial vehicles, construction machinery, and specialized vehicles, featuring fast-charging series that achieve 80% charge in 15-20 minutes [2][4] - New high-energy density and long-endurance batteries will be unveiled, including the HnSO 70Ah battery with 300 Wh/kg and up to 4,000 cycles, and the HnCO 120Ah battery with 265 Wh/kg and up to 5,000 cycles [3] - The fourth-generation MV-B and MV-C battery packs will be highlighted, offering approximately 20% more energy and power while adhering to thermal runaway safety standards [4] - The 565Ah LFP cells capable of over 10,000 cycles and the innovative ME6 BESS design, a 6MWh container system, will also be showcased [5] Company Overview - Microvast has over 18 years of experience in providing battery technologies for electric vehicles and energy storage solutions, holding more than 810 patents and patent applications [7]

Group 1 - Microvast Holdings, Inc. reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, representing an earnings surprise of 400% [1] - The company posted revenues of $116.49 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 12.28%, compared to year-ago revenues of $81.35 million [2] - Microvast shares have increased approximately 6.3% since the beginning of the year, while the S&P 500 has declined by 3.8% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $109.77 million, and for the current fiscal year, it is -$0.01 on revenues of $457 million [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the top 27% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] Group 3 - The estimate revisions trend for Microvast is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Q1 2025 Disclaimer Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about our future results of operations and financial position, our operational performance, our anticipated growth and business strategy, our future capital expenditures and debt service obligations, the projected costs, prospects and plans and objectives of management for ...