US Energy Department Cancels Contract Negotiations On $200M Award For Microvast Holdings
Portfolio Pulse from Benzinga Newsdesk
The US Energy Department has canceled contract negotiations on a $200 million award for Microvast Holdings, according to a person familiar with the matter.
May 22, 2023 | 8:54 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Microvast Holdings' $200 million contract negotiations with the US Energy Department have been canceled, potentially impacting the company's revenue and growth prospects.
The cancellation of the $200 million contract negotiations directly affects Microvast Holdings (MVST) as it would have been a significant source of revenue and growth for the company. This negative news may lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100