Why Is Vision Marine Technologies Stock (VMAR) Up 25% Today?
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Starting with that legal matter, Vision Marine Technologies announced it has reached a settlement with shareholders. Approval was granted by the New York State Supreme Court. This brings an end to a legal battle that started on May 16, 2025, clearing the way for the company to continue operations without lawsuit concerns.
Additionally, Vision Marine Technologies announced a deal with Nimbus Boats USA. This will have it act as the exclusive distributor of Nimbus powerboats on Florida's West Coast, including the Tender, Commuter, Weekender, and Coupe series. Alexandre Mongeon, cofounder and CEO of Vision Marine Technologies, said this will 'position us to capitalise on strong consumer demand and favourable market trends.'
Vision Marine Technologies Stock Movement Today
Vision Marine Technologies stock was up 25.7% on Friday, following a 14.71% fall yesterday. The shares have also decreased 82.14% year-to-date and 99.52% over the past 12 months. Today's news brought heavy trading to VMAR stock, as some 12.3 million shares changed hands, compared to a three-month daily average of about 30,000 units.
Is Vision Marine Technologies Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Vision Marine Technologies stock is lacking. Fortunately, TipRanks' AI analyst Spark has it covered. Spark rates VMAR stock a Neutral (44) with no price target. It cites 'significant financial struggles, including declining revenues and persistent losses' as reasons for this stance.
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