GreenPower Motor (NASDAQ:GP) Issues Earnings Results

GreenPower Motor (NASDAQ:GP) released its quarterly earnings results on Friday. The company reported ($0.42) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.44 million during the quarter.

GreenPower Motor Price Performance

Shares of GP opened at $1.82 on Friday. GreenPower Motor has a 1 year low of $0.74 and a 1 year high of $4.10. The stock has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $1.19. The firm has a market cap of $12.98 million, a P/E ratio of -1.10 and a beta of 1.71.

Analyst Ratings Changes

Several research analysts recently weighed in on GP shares. Wall Street Zen upgraded shares of GreenPower Motor to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC bought a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor as of its most recent filing with the Securities and Exchange Commission. 1.69% of the stock is currently owned by institutional investors and hedge funds.

GreenPower Motor Company Profile

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.