GreenPower Motor (NASDAQ:GP) Issues Earnings Results

GreenPower Motor (NASDAQ:GP) posted its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.20) by $1.09, Zacks reports. The business had revenue of $3.85 million during the quarter, compared to the consensus estimate of $9.61 million.

GreenPower Motor Stock Performance

GP stock opened at $1.48 on Friday. The firm’s fifty day moving average is $1.22 and its 200 day moving average is $1.08. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $6.42. The firm has a market cap of $7.44 million, a P/E ratio of -0.89 and a beta of 1.69.

Institutional Trading of GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC bought a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to its most recent 13F filing with the SEC. 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 reporting period. Institutional investors and hedge funds own 1.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GP. BTIG Research reiterated a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently 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.