Mayville Engineering Company, Inc.· MEC

Mayville Engineering Company's Plunge Has Been Unreasonable

Mayville Engineering Company (MEC) is upgraded to ‘strong buy' after a 40.9% share price drop, despite ongoing top-line growth and raised revenue guidance. MEC's revenue guidance is now $620–$650 million for the year, reflecting robust data center, critical power, and commercial vehicle demand. Profitability metrics are mixed: net loss widened, but manufacturing margin and adjusted operating cash flow improved; EBITDA guidance remains $52–$60 million.