GreenPower Motor (NASDAQ:GP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GreenPower Motor (NASDAQ:GP) to a hold rating in a research note released on Saturday.

GP has been the topic of several other research reports. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

GreenPower Motor Stock Performance

Shares of GP stock opened at $1.56 on Friday. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $6.42. The company’s 50 day moving average price is $1.28 and its two-hundred day moving average price is $1.12. The company has a market capitalization of $7.85 million, a P/E ratio of -0.94 and a beta of 1.69.

GreenPower Motor (NASDAQ:GP) last issued its quarterly earnings data on Wednesday, July 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.20) by $1.09. The company had revenue of $3.85 million for the quarter, compared to the consensus estimate of $9.61 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in GreenPower Motor stock. DRW Securities LLC acquired a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor as of its most recent SEC filing. 1.69% of the stock is currently owned by institutional investors and hedge funds.

About GreenPower Motor

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.