MP Materials (MP) Jumps 8.6% on Strong Revenues, Upbeat Outlook

We recently published 10 Stocks Beating Wall Street at its Own Game. MP Materials Corp. (NYSE:MP) is one of the best-performing stocks on Wednesday.

MP Materials soared by 8.61 percent on Wednesday to close at $63.55 apiece as investors cheered a strong revenue performance in the third quarter of the year.

During the period, MP Materials Corp. (NYSE:MP) said revenues increased by 25 percent to $60.8 million from $48.68 million in the same period last year, primarily as a result of higher production of separated products, resulting in a greater mix of NdPr oxide and metal revenue in the current period.

Additionally, during the three months ended March 31, 2025, the company began  to recognize revenue from the sales of magnetic precursor products.

However, it swung to a net loss of $22.6 million from a $16.49 million net income in the same comparable period primarily due to a $46.3 million non-cash gain in the first quarter of 2024.

“MP Materials delivered strong execution across both our Materials and Magnetics divisions in the first quarter, marked by record NdPr oxide production and the initial sales of magnetic precursor materials,” said MP Materials Corp. (NYSE:MP) Chairman and CEO James Litinsky.

“Given recent events, it is now undeniable that the United States must reshore critical industries like rare earth magnetics—something we have been building toward since day one. “With rapidly intensifying engagement from both industry and government, MP Materials is leading this effort—underscoring our growing strategic and economic importance at a pivotal moment for American industrial policy,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.