Why Microvast Holdings Shares Are Trading Lower By Around 22%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
Microvast Holdings shares are trading lower by around 22% after the U.S. Department of Energy reportedly canceled contract negotiations for a potential $200 million award. Other stocks moving premarket include Applied UV, SeqLL, HeartCore Enterprises, Bone Biologics, Movella Holdings, Cumberland Pharmaceuticals, Navidea Biopharmaceuticals, Yelp, Ohmyhome Limited, and Orion Energy Systems.
May 23, 2023 | 12:12 pm
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Microvast Holdings shares are down 22% after the U.S. Department of Energy canceled contract negotiations for a potential $200 million award.
The U.S. Department of Energy's cancellation of contract negotiations for a potential $200 million award directly impacts Microvast Holdings' potential revenue and growth prospects, leading to a negative short-term impact on its stock price.
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