GreenPower Motor (NASDAQ:GP) Releases Earnings Results, Beats Expectations By $2.72 EPS

GreenPower Motor (NASDAQ:GP) announced its quarterly earnings results on Thursday. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.72, Zacks reports. The firm had revenue of $8.50 million during the quarter, compared to analysts’ expectations of $8.99 million.

GreenPower Motor Stock Up 31.6%

Shares of NASDAQ GP traded up $0.31 during mid-day trading on Friday, reaching $1.27. 9,174,450 shares of the company were exchanged, compared to its average volume of 76,626. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $7.70. The company’s 50 day moving average price is $0.95 and its 200 day moving average price is $2.17. The stock has a market capitalization of $3.91 million, a PE ratio of -0.23 and a beta of 1.87.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, GreenPower Motor currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC purchased a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor at the end of the most recent reporting period. Institutional investors own 1.69% of the company’s stock.

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.