Mayville Engineering stock gains 5.13 percent after Georgia deal
AD HOC NEWS
Mayville Engineering Company (MEC) stock rose 5.13% to USD 16.48 after announcing the acquisition of a 138,000 square foot finishing facility in Thomson, Georgia. The company plans to invest USD 25-30 million in the site, which is expected to contribute to revenue and earnings by 2027, targeting demand in the Datacenter and Critical Power market. Despite a net loss in Q2 2026, analysts have a "Moderate Buy" consensus with a price target significantly above the current stock price, indicating exp
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