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“I Liked it a Year Ago, and I Continue to Like it Now”

Microvast Holdings, Inc. (NASDAQ:MVST) is one of the following stocks recently asked Jim Cramer. A caller asked about the stock, noting that it rose to $7 last week from 22 cents about a year ago. Cramer’s comment is as follows:

“It’s still good. It’s still good. It’s got great free cash flow. It’s not like the others. It’s actually making money. It’s not a playfully speculative stock. That’s why I said I liked it a year ago and I continue to like it now. I like the stock.”

Microvast Holdings, Inc. (NASDAQ:MVST) develops and manufactures lithium-ion battery technologies and components for electric vehicles and energy storage systems. On the October 1 episode, when a caller asked Cramer for his advice on the company’s stock, he responded:

“Well, that’s a great spec for now. We know there’s a lot of interest in batteries in Washington. We’ve seen that. So it might apply to these guys as well. I don’t know if that’s the case, but I’m going to go with it.”

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Description: None. This article was originally published at: Insider Monkey.