GreenPower Motor (NASDAQ:GP) Raised to “Hold” at Wall Street Zen

GreenPower Motor (NASDAQ:GP) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

GP has been the subject of several other research reports. BTIG Research reaffirmed a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

GreenPower Motor Price Performance

Shares of GreenPower Motor stock opened at $1.52 on Friday. The stock’s 50-day moving average is $1.27 and its 200 day moving average is $1.11. GreenPower Motor has a one year low of $0.74 and a one year high of $6.42. The firm has a market cap of $7.65 million, a price-to-earnings ratio of -0.92 and a beta of 1.69.

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

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently bought a new stake in GreenPower Motor stock. DRW Securities LLC bought a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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. Institutional investors and hedge funds own 1.69% of the company’s stock.

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.