GreenPower Motor (NASDAQ:GP) Announces Quarterly Earnings Results

GreenPower Motor (NASDAQ:GP) announced its quarterly earnings results on Wednesday. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.20) by $1.71, FiscalAI reports. The firm had revenue of $3.85 million during the quarter, compared to analysts’ expectations of $9.61 million.

GreenPower Motor Stock Up 4.9%

NASDAQ GP opened at $1.49 on Friday. GreenPower Motor has a fifty-two week low of $0.74 and a fifty-two week high of $6.42. The business has a fifty day moving average of $1.21 and a 200-day moving average of $1.08. The stock has a market cap of $7.49 million, a price-to-earnings ratio of -0.58 and a beta of 1.69.

Institutional Trading of GreenPower Motor

A hedge fund recently bought a new position in GreenPower Motor stock. DRW Securities LLC bought a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor at the end of the most recent quarter. 1.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GP shares. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research note on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

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.