GreenPower Motor (NASDAQ:GP) Announces Quarterly Earnings Results

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

GreenPower Motor Price Performance

Shares of NASDAQ:GP traded up $0.24 on Friday, hitting $1.82. The company had a trading volume of 1,039,786 shares, compared to its average volume of 196,740. GreenPower Motor has a 1-year low of $0.74 and a 1-year high of $4.10. The stock has a 50 day moving average price of $1.43 and a 200 day moving average price of $1.18.

Institutional Trading of GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC purchased a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GP shares. Wall Street Zen raised GreenPower Motor to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GreenPower Motor 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.