🟢 MP Materials is trading 9.3% up today after revenue rose 89% year over year

MP Materials is trading 9.3% up at $51.85 after August 6 earnings showed revenue rose 89% year over year to $108.5 million and net loss narrowed to $20.3 million.

• NdPr production rose 41% to 840 metric tons, while sales increased 127% to 1,006 metric tons.
• Management highlighted a significant long-term aerospace and defense agreement and continued production growth.
• These developments supported the bullish reaction.