Ankündigung • Feb 10
GreenPower Motor Company Inc., Annual General Meeting, Mar 27, 2026 GreenPower Motor Company Inc., Annual General Meeting, Mar 27, 2026. Ankündigung • Jan 31
GreenPower Motor Company Inc. announced that it has received $3.459 million in funding GreenPower Motor Company Inc. announced that it issued a Debenture at a price of $3,459,000 in the principal amount of $3,459,000 on January 30, 2026. The transaction includes participation from new lender Countryman Investments Ltd. The company will issue term loan with interest of 12% per annum, which Interest shall be payable in increments of three (3) months, payable in cash or Shares, at the option of the Acquiror, with the number of Shares to be determined at the closing price of the Shares on the day before the payment of Interest is due. The Debenture is secured behind the senior lenders. The principal amount of the Debenture is convertible, at the option of the Acquiror, into Shares at a conversion price of $0.99 per Share being equal to the closing price of the Shares on January 22, 2026, subject to adjustment in accordance with the terms of the Debenture. Ankündigung • Jan 08
GreenPower Motor Company Reaches an Agreement with the New Mexico Economic Development Department GreenPower Motor Company announced they have reached an agreement with the New Mexico Economic Development Department (EDD) to establish operations in Santa Teresa, NM. Internationally headquartered in Vancouver, Canada, with current operational facilities in southern California and West Virginia, GreenPower is a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space, and school bus sector. The company will receive a $5 million LEDA award from the state and $4.6 million in job training incentive funds (JTIP). The company also qualified for a $1.36 million Rural Jobs Tax Credit (RJTC) and $3.65 million as part of New Mexico's High-Wage Jobs Tax Credit program. Santa Teresa's Foreign Trade Zone designation was a key factor in the company's decision, offering streamlined customs and cost-effective trade that support efficient production and distribution of zero-emission vehicles across North America. The designation also provides access to the North American Development Bank, underscoring the project's cross-border economic and environmental impact. These incentives and programs enhance the company's ability to efficiently produce and distribute zero-emission vehicles, parts and inventory throughout North America and beyond, reinforcing New Mexico's role as a hub for green manufacturing and international commerce. Ankündigung • Nov 06
GreenPower Announces Voluntary Delisting from the TSXV GreenPower Motor Company Inc. ("GreenPower" or the "Company") announced its decision to voluntarily delist its common shares from the TSX Venture Exchange (the "Exchange"), effective the close of business on November 14, 2025. This decision has been made following a thorough review of the Company's strategic priorities and operational efficiencies.
Reasons for DelistingThe voluntary delisting is driven by the following considerations: Low Trading Volumes: The Company has observed consistently low trading volumes on the Exchange. For the nine months ended September 30, 2025, the trading of the Company's shares on the Exchange was less than 2% of the trading volumes on NASDAQ, which does not justify the costs and administrative requirements associated with a continued listing on the Exchange. Cost Efficiency: Delisting will allow the Company to reduce regulatory and compliance costs, enabling it to allocate resources more effectively toward growth initiatives. Streamlined Operations: This move aligns with the Company's broader strategy to simplify its operations and focus on markets that provide greater shareholder value. Impact on Shareholders: The Company assures shareholders that this decision will not affect their share ownership. The Company intends to maintain its NASDAQ exchange listing, offering shareholder's the ability to trade GreenPower shares. The Company will remain a reporting issuer under Canadian securities laws, ensuring continued transparency and compliance with regulatory requirements. New Risk • Sep 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.2m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$5.2m). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$12.8m market cap). Ankündigung • Aug 30
GreenPower Announces Receipt of Determination Letter from Nasdaq GreenPower Motor Company Inc. announced that on August 27, 2025, the Company received a determination letter (the "Letter") from the staff of Nasdaq Listing Qualifications (the "Staff") stating that the Company has not regained compliance with Nasdaq Listing Rules 5550(a)(2) (the "Rule"). The Letter stated that, unless the Company requests an appeal of this determination no later than 4:00 p.m. (Eastern time) on September 3, 2025, the Staff has determined that the Company's common shares will be scheduled for delisting from The Nasdaq Capital Market and will be suspended at the opening of business on September 5, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commission which will remove the Company's common shares from listing and registration on The Nasdaq Stock Market. The Company is requesting a hearing to appeal this determination. The Letter also noted that on February 27, 2025, the Staff notified the Company that, for the previous 30 consecutive business days, the bid price of the Company's common shares had closed at less than USD 1 per share and, as a result, did not comply with the Rule and in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was given 180 calendar days, or until August 26, 2025, to regain compliance with the Rule. The Letter stated that the Company is not eligible for a second 180 day period to comply with the Rule because the Company does not comply with the USD 5,000,000 minimum stockholders' equity initial listing requirements for The Nasdaq Capital Market. In addition, the Letter noted that, on August 15, 2025, Staff notified the Company that it did not comply with Nasdaq Listing Rule 5550(b) (the "Equity Rule"), and requested the Company submit a plan to regain compliance with the Equity Rule no later than September 29, 2025. The Letter further noted that pursuant to Nasdaq Listing Rule 5810(d)(2), this deficiency serves as a separate and additional criteria for delisting, and as such, the Staff will not entertain a plan of compliance and the Company should also address this concern before a Hearings Panel (the "Panel") if it appeals the Staff's determination. The Company intends to request a hearing before the Panel to appeal the Letter. A hearing request will stay the suspension of the Company's common shares and the filing of the Form 25-NSE pending the Panel's decision. The Company is diligently working to satisfy Nasdaq's requirements in a timely manner. If the Company's common shares cease to be listed for trading on The Nasdaq Capital Market, the Company would expect that its common shares would be traded in the United States on one of the three tiered marketplaces of the OTC Markets Group in addition to the TSX Venture Exchange in Canada. New Risk • Aug 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$1.28m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.2m free cash flow). Negative equity (-US$5.2m). Earnings have declined by 21% per year over the past 5 years. Market cap is less than US$10m (US$1.28m market cap). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Aug 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.2m free cash flow). Negative equity (-US$5.2m). Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$12.8m market cap). New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$1.6m). Earnings have declined by 24% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$12.6m market cap). New Risk • Aug 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$1.6m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$1.6m). Earnings have declined by 24% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Market cap is less than US$100m (US$12.5m market cap). Reported Earnings • Aug 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: US$0.68 loss per share. Revenue: US$19.8m (down 50% from FY 2024). Net loss: US$18.7m (loss widened 1.7% from FY 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Price Target Changed • Jul 17
Price target decreased by 37% to US$1.50 Down from US$2.38, the current price target is provided by 1 analyst. New target price is 288% above last closing price of US$0.39. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$0.71 next year compared to a net loss per share of US$0.74 last year. Ankündigung • Apr 07
GreenPower Motor Company Inc., Annual General Meeting, May 23, 2025 GreenPower Motor Company Inc., Annual General Meeting, May 23, 2025. Ankündigung • Mar 08
GreenPower Motor Company Inc. has filed a Follow-on Equity Offering in the amount of $0.85 million. GreenPower Motor Company Inc. has filed a Follow-on Equity Offering in the amount of $0.85 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Feb 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$11m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (US$21.6m market cap). Reported Earnings • Feb 16
Third quarter 2025 earnings released: US$0.17 loss per share (vs US$0.19 loss in 3Q 2024) Third quarter 2025 results: US$0.17 loss per share. Revenue: US$7.22m (down 12% from 3Q 2024). Net loss: US$4.74m (loss widened 2.1% from 3Q 2024). Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in the US. Ankündigung • Dec 19
Greenpower Motor Company Inc. Announces Board Changes GreenPower Motor Company Inc. announced the appointment of Mr. Sebastian Giordano ("Mr. Giordano") to GreenPower's Board of Directors (the "Board"). Mr. Giordano brings significant experience as an operator and corporate director, including at companies in the transportation and electric vehicle sectors. He presently or has served on the Boards of Directors of AYRO Inc., a NASDAQ listed low-speed electric vehicle manufacturer; DropCar Inc., a NASDAQ-listed micro-logistics technology, mobility services and cloud-based SaaS software provider to the automotive industry; and Transportation and Logistics Systems Inc., as its Chairman and Chief Executive Officer. From 2013 to 2018, he also served as a Board Member and Chief Executive Officer of WPCS International Incorporated, a NASDAQ-listed low-voltage contracting company. For the past 22 years, Mr. Giordano has provided C-Level consulting services to a diverse roster of private and public companies across a broad spectrum of industries, including start-ups, turnarounds, and established businesses. Concurrent with this appointment, Cathy McLay has resigned from the Board. Price Target Changed • Nov 17
Price target decreased by 32% to US$1.63 Down from US$2.38, the current price target is provided by 1 analyst. New target price is 106% above last closing price of US$0.79. Stock is down 73% over the past year. The company is forecast to post a net loss per share of US$0.71 next year compared to a net loss per share of US$0.74 last year. Reported Earnings • Nov 17
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: US$0.18 loss per share (further deteriorated from US$0.17 loss in 2Q 2024). Revenue: US$5.35m (down 37% from 2Q 2024). Net loss: US$4.70m (loss widened 10% from 2Q 2024). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. Ankündigung • Oct 29
GreenPower Motor Company Inc. has filed a Follow-on Equity Offering. GreenPower Motor Company Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-funded Warrants
Security Type: Equity Warrant Reported Earnings • Aug 16
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: US$0.21 loss per share (further deteriorated from US$0.11 loss in 1Q 2024). Revenue: US$3.00m (down 83% from 1Q 2024). Net loss: US$5.39m (loss widened 92% from 1Q 2024). Revenue missed analyst estimates by 39%. Earnings per share (EPS) exceeded analyst estimates by 4.5%. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. New Risk • Jul 02
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$18m Forecast net loss in 2 years: US$4.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$4.9m net loss in 2 years). Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (US$28.1m market cap). Breakeven Date Change • Jul 02
No longer forecast to breakeven The 3 analysts covering GreenPower Motor no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$9.15m in 2026. New consensus forecast suggests the company will make a loss of US$4.90m in 2026. Reported Earnings • Jul 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.73 loss per share (further deteriorated from US$0.64 loss in FY 2023). Revenue: US$39.3m (down 1.1% from FY 2023). Net loss: US$18.3m (loss widened 22% from FY 2023). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. New Risk • Jun 30
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (US$28.1m market cap). New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$1.3m net loss in 2 years). Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (US$27.5m market cap). Ankündigung • Jun 06
GreenPower Motor Company Inc. Unveils the EV Star REEFERX GreenPower Motor Company Inc. unveiled the EV Star REEFERX, a new all-electric refrigerated medium-duty delivery truck. The modern offering is available for orders starting June 5, 2024. Built on GreenPower's EV Star Cab & Chassis platform, the EV Star REEFER X is purpose-built and fully customizable with a lighter body to allow for increased payload. Designed to serve mid to last-mile refrigerated delivery and catering applications, the EV Star REEferX moves goods that need to be temperature controlled, such as fresh and frozen foods, flowers and pharmaceuticals, among other applications. The vehicle body features a one interior wall structure to allow for seamless sanitation, consistent insulation throughout and a longer life. GreenPower's EV Star REEFERX combines a modern look with The X Factor advantage: One-Piece box Design provides multiple benefits including a modern look that's easy to repair, a design that allows for quick assembly and flat-packed for dealers and a one-piece wall structure that provides consistent insulation and a longer life. Multi-temperature zones to accommodate moving a variety of items requiring different storage temperatures. Reduced day-to-day vehicle upkeep through sanitation downtime - with one interior wall unit, customers will save time as minimal seams on the vehicle reduces the time it takes for day-to-day upkeep including seamless sanitation. Built for around the clock delivery capabilities through a range of up to 150 miles and a payload capacity of up to 5,500 lbs. Optimal battery placement provides for a lower center of gravity resulting in maximum cargo capacity. Increased payload due to a lighter body allows for increased payload capacity saving customers both time and money, along with eTRU being powered by the high voltage battery. Mitigates temperature variation with three-inch thick PET (polyethylene terephthalate) foam, made from recyclable material with a closed cell foam composite that will not absorb water. Customizable options for low or high voltage refrigerator units, depending on specific use-cases. Various insulation thickness available to meet different applications and environments. Multiple-door options. with rear door standard and a rear roll up door optional as well as optional side door and other locations. Improves total cost of ownership (TCO) for fleet owners through ease of maintenance, significantly reducing vehicle downtime. Ankündigung • May 16
GreenPower Motor Company Inc. to Showcase Its Safe, Sensible and Sustainable Expanding Transportation Solutions At Act Expo 2024 GreenPower Motor Company Inc. announced its participation in the upcoming Advanced Clean Transportation (ACT) Expo on May 20 to 23 in booth #1230 at the Las Vegas Convention Center. At ACT Expo, GreenPower will showcase its all-electric Type D BEAST school bus, EV Star Cab & Chassis and EV Star Cargo Plus. The EV Star Cab & Chassis display will provide an opportunity for customers to see the inter-workings of GreenPower's platform vehicle, giving visibility to the heart of GreenPower's commercial products. The EV Star Cab & Chassis is a blank canvas which can be upfitted to address diverse needs of customers by providing customization through GP Truck Body. Located in booth #1230 at the Las Vegas Convention Center, GreenPower, will showcase its all-electric, purpose-built, zero-emission vehicles. GreenPower experts will be onsite to discuss stateand federal incentives programs and ways GreenPower can provide its safe, sensible and sustainable solutions to customers looking to deploy electric vehicles from one vehicle to theirentire fleet. BEAST: A unified structure that features a seamlessly integrated aluminum body made from extruded aluminum manufactured by Constellium on a high strength steel buschassis. The BEAST's complete flat floor design allows for tracking with no obstacles, and the high floors keep students out of the crash zone. EV Star Cab & Chassis: The proprietary EV Star Cab & Chassis was designed to take on any mid and last-mile delivery while maintaining the benefits of being a zero-emission vehicle. It is purpose-built to be an electric vehicle and is designed to accommodate a multitude of upfits or bodies for different use cases. The vehicle has a carrying capacity of 7,000 pounds and a range of up to 150 miles. EV Star Cargo Plus: With a standard 836 cubic feet of cargo capacity, the purpose-built GreenPower EV Star Cargo Plus exceeds delivery needs with improved payload to rangeratios. The box truck has an optimal battery placement which provides for a lower center of gravity resulting in maximum cargo capacity of up to 5,000 pounds and a range of upto 150 miles. Ankündigung • May 14
Greenpower to Showcase All-Electric School Bus and Commercial Vehicles At Nyc Fleet Show GreenPower Motor Company Inc. will participate in the NYC Fleet Show (Equipment and Vehicle Show) put on by the NYC Department of Citywide Administrative Services on May 16 at the Unisphere at Flushing Meadows Corona Park in Queens, New York. GreenPower will showcase a sampling of its all-electric, purpose-built commercial vehicles and school buses including the EV Star Utility Truck, the EV Star Passenger Van and the Nano BEAST Access all-electric school bus. GreenPower's purpose-built vehicles provide a cleaner and safer transportation option to businesses and school districts looking to deploy all-electric commercial vehicles including trucks, cargo vans and school buses. GreenPower's innovative technologies can help fleets drive down operating costs, minimize maintenance costs while delivering outstanding reliability and efficiency and address climate change. The EV Star Cargo Plus, EV Star Cargo, and EV Star Cab & Chassis, are eligible for the New York Truck Voucher Incentive Program (NYTVIP) which provides voucher funding for New York-operated fleets that scrap an old diesel vehicle (engine model year 1992 – 2009) and replace it with an all-electric vehicle. GreenPower's school buses are a safe and reliable option to meet New York's mandate to zero-emission electric school buses (or ESB) fleet by 2035. The Environmental Bond Act provides both public school districts and contracted fleet operators more than $500 million in funding toward school bus electrification. Additionally, the New York School Bus Incentive Program (NYSBIP) offers to cover 60% of the incremental cost of GreenPower'sType D BEAST, Type A Nano BEAST and Nano BEAST Access. New Risk • May 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$1.3m net loss in 2 years). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Market cap is less than US$100m (US$35.2m market cap). Ankündigung • May 07
GreenPower Motor Company Inc. has filed a Follow-on Equity Offering. GreenPower Motor Company Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Warrants
Security Type: Equity Warrant Price Target Changed • Apr 01
Price target decreased by 33% to US$4.00 Down from US$6.00, the current price target is provided by 1 analyst. New target price is 108% above last closing price of US$1.92. Stock is down 15% over the past year. The company is forecast to post a net loss per share of US$0.62 next year compared to a net loss per share of US$0.64 last year. Price Target Changed • Feb 14
Price target decreased by 11% to US$6.00 Down from US$6.75, the current price target is provided by 1 analyst. New target price is 144% above last closing price of US$2.46. Stock is down 20% over the past year. The company posted a net loss per share of US$0.64 last year. Reported Earnings • Feb 14
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.19 loss per share (further deteriorated from US$0.14 loss in 3Q 2023). Revenue: US$8.16m (down 36% from 3Q 2023). Net loss: US$4.64m (loss widened 38% from 3Q 2023). Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Ankündigung • Feb 06
GreenPower Motor Company Inc., Annual General Meeting, Mar 27, 2024 GreenPower Motor Company Inc., Annual General Meeting, Mar 27, 2024. Ankündigung • Dec 14
Greenpower Motor Company Inc. Announces Production of Its First All-Electric School Buses At West Virginia Manufacturing Facility South Charleston, West Virginia GreenPower Motor Company Inc. announced that the company has completed manufacturing of its first four all-electric, purpose-built school buses at its West Virginia facility. The Type A Nano BEAST school buses will roll out of the facility and be delivered to Cabell County, Clay County, Kanawha County and Monongalia County school districts in West Virginia this week. GreenPower took possession of the 80,000-square-foot facility in August of 2022 and since that time has prepared for the production of both the Type A Nano BEAST and the Type D BEAST all-electric, purpose- built school buses. The Nano BEAST has been in production since June and production of the BEAST will begin First Quarter of 2024. The Nano BEAST is a Type A all-electric, purpose-built, zero- emission school bus with seating for up to 24 students. The Nano BEAST Access option has seating for up to 18 ambulatory passengers and up to 3+ Q'STRAINT wheelchair securements, complemented with a BraunAbility rear curbside lift. Production process are in place at the facility to begin manufacturing of the BEAST, GreenPower's all-electric, purpose-built, zero-emission 40- foot Type D school bus that can seat up to 90 passengers. Featuring a modern monocoque design, the BEAST is the safest, most durable and reliable all-electric school bus available today. Its seamlessly integrated aluminum body and chassis design forms a composite structure which is the GreenPower Truss(T) factor. The newly announced Mega BEAST option with a 387 kWh battery and up to 300 miles of range will also be manufactured in West Virginia. Breakeven Date Change • Nov 16
No longer forecast to breakeven The 4 analysts covering GreenPower Motor no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$300.0k in 2025. New consensus forecast suggests the company will make a loss of US$3.10m in 2025. Reported Earnings • Nov 16
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.17 loss per share (further deteriorated from US$0.15 loss in 2Q 2023). Revenue: US$8.44m (up 9.2% from 2Q 2023). Net loss: US$4.26m (loss widened 24% from 2Q 2023). Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 09
Price target decreased by 7.4% to US$6.25 Down from US$6.75, the current price target is provided by 1 analyst. New target price is 95% above last closing price of US$3.20. Stock is up 51% over the past year. The company posted a net loss per share of US$0.64 last year. Breakeven Date Change • Nov 06
Forecast to breakeven in 2025 The 4 analysts covering GreenPower Motor expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 45% to 2024. The company is expected to make a profit of US$300.0k in 2025. Average annual earnings growth of 108% is required to achieve expected profit on schedule. Ankündigung • Nov 01
GreenPower Motor Company Inc. Unveils the Mega Beast All-Electric Type D School Bus with the Longest Range and Biggest Battery Pack on the Market GreenPower Motor Company Inc. unveiled the Mega BEAST. This newest version of GreenPower's all-electric Type D school bus provides double the range with the same functionality as GreenPower's trusted and reliable BEAST all-electric school bus that is deployed in school bus fleets across the country. GreenPower's Mega BEAST is a 40-foot Type D all-electric, purpose-built, zero-emission school bus that delivers a class-leading range of up to 300 miles on a single charge via a 387 kWh battery pack. It provides for the longest range and has the biggest battery pack in the school bus market. The Mega BEAST can seat up to 90 passengers with standard features that include air ride suspension, ABS disk brakes and largest pass-through storage available. Featuring a modern monocoque chassis, the Mega BEAST is the safest, most durable and reliable all-electric school bus available today. Its seamlessly integrated aluminum body and chassis design forms a composite structure which is the GreenPower Truss(T) factor. Unveiled at the National Association of Pupil Transportation's (NAPT) Conference and Trade Show in Columbus, Ohio, the Mega BEAST is designed to provide the answer for longer range routes and other desired uses by a school district. The extended range created by the larger battery pack is an ideal solution for many rural school districts with longer routes, school districts with less chance for mid-day opportunity charging, school districts that face extreme weather conditions and schools that also use the all-electric bus for extra-curricular activities. Breakeven Date Change • Oct 24
Forecast to breakeven in 2025 The 4 analysts covering GreenPower Motor expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 47% to 2024. The company is expected to make a profit of US$1.28m in 2025. Average annual earnings growth of 111% is required to achieve expected profit on schedule. Ankündigung • Sep 27
GreenPower Motor Company Inc. Announces the Results from its Successful All-Electric School Bus Pilot Program Conducted in West Virginia GreenPower Motor Company Inc. announced the results from its successful all-electric school bus pilot program conducted in West Virginia that resulted in subsequent all-electric school bus orders. GreenPower shared its findings along with helpful data to improve future deployments at the Green Bus Summit held during STN EXPO in Reno, Nevada this summer. As a result of the successful pilot program and the performance of the GreenPower vehicles, schools in the Mountain State have placed orders to purchase GreenPower all-electric, purpose-built school buses to deploy in their fleets, and have also asked to receive GreenPower school buses purchased by the state. Several of the pilot program counties have applied for new funding through the EPA and other sources to purchase additional GreenPower school buses as well. Joining GreenPower in presenting the key findings of the pilot program were Delegate Christopher Toney, a school bus driver in Raleigh County (WV) who is also the Vice Chairman of the West Virginia House of Delegates Committee on Education; Dr. Tom Williams, Superintendent of the Kanawha County (WV) School District; and Dr. Barry Miller, a bus driver for the Calhoun County (WV) School District. The nine-month pilot program covered more than 32,000 miles in 18 counties representing one-third of the school districts in the state. More than 100 professional school bus drivers drove the GreenPower Type D BEAST and Type A Nano BEAST during the pilot and provided feedback and recommendations at the conclusion of each round. Each participating school district piloted either the Type D BEAST or the Type A Nano BEAST purpose-built, all-electric school bus for six weeks between September 2022 and May 2023, covering the entire school year, multiple seasons and some of the harshest weather and terrain the Mountain State has to offer. Key findings from the pilot project included: In ideal conditions, the range for the all-electric school buses was 1.4 to 1.5 miles per one percent charge, or 140 to 150 miles on a full charge. On one occasion, a BEAST achieved 1.67 miles per one percent charge, or 167 miles total range. Another high performance saw a BEAST go 147 total miles that include 9% inclines on mountainous roads on a 15- degree day while returning with 7% battery remaining. School districts participating in the pilot were able to demonstrate significant operational savings over a fleet of standard diesel-fueled buses. One participating district, Boone County, took into account the recorded difference in just fuel costs - $200 a month in electricity vs. $900 a month in diesel fuel - which would translate into fuel savings of $136,000 over 10 years. In reality and practice the total savings for an all-electric school bus is much greater when including all operational and maintenance cost savings. Aggressive usage of heat reduces the range. The data shows that aggressive use of heat on extremely cold mornings reduced the range in some cases by more than 30%. Conversely, air conditioning use did not show a material impact on range. Changes in elevation did not significantly affect the vehicle's range. While uphill driving will deplete the battery faster than flat terrain, downhill segments restore energy to the battery through regenerative braking so the two tend to average out. One county, Grant County, experienced a net zero energy use over a 17-mile stretch going up and down from Mt. Storm. Driver habits affect the range just like it does gas mileage in a personal car. All vehicles were charged with temporary Level 2 chargers provided by a number of vendors. While Level 2 charging proved to be largely adequate for this pilot, cold weather and other conditions suggested DC Fast Charging is necessary as a context-based option. Reporting software proved to be critical in instances where any charging interruptions took place overnight. The software provided notifications when power surges or other disruptions occurred, allowing them to be recycled in a timely manner so the problem would not be long term. New Risk • Sep 07
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$14m Forecast net loss in 1 year: US$5.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Shareholders have been diluted in the past year (7.8% increase in shares outstanding). Market cap is less than US$100m (US$89.4m market cap). Price Target Changed • Sep 07
Price target decreased by 18% to US$6.75 Down from US$8.20, the current price target is provided by 1 analyst. New target price is 85% above last closing price of US$3.65. Stock is up 17% over the past year. The company posted a net loss per share of US$0.64 last year. Ankündigung • Aug 10
GreenPower Motor Company Inc. Names Zach Walsh as Director of Eastern U.S. School Bus Sales GreenPower Motor Company Inc. announced it has named Zach Walsh as Director of Eastern U.S. School Bus Sales. A dedicated leader who started his career in the transportation industry in 2015 as a sales representative selling commercial and paratransit vehicles, Walsh has a deep focus and experience in sustainability, electric vehicles and EV charging as sales manager for a North American sales team and dealer network. He is a graduate of Georgia State University and resides in Atlanta, Georgia. In his role at GreenPower, Walsh will manage and train the direct sales staff and provide dealer support in the eastern part of the U.S. He will help develop product specifications and ensure full coverage of product and services up and down the east coast. Additionally, Zach will use his expertise in grant management and writing to help school districts and dealers obtain funding for the successful migration to all-electric, purpose-built school buses. Reported Earnings • Jul 16
Full year 2023 earnings released: US$0.64 loss per share (vs US$0.69 loss in FY 2022) Full year 2023 results: US$0.64 loss per share. Revenue: US$39.7m (up 130% from FY 2022). Net loss: US$15.0m (flat on FY 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in the US. Ankündigung • Jul 12
Greenpower Motor Company Inc. to Showcase Type D Beast and Type A Nano Beast GreenPower Motor Company Inc. announced its participation at the School Transportation News (STN) Expo Reno Conference and Trade Show on July 14 to 19 in Reno, Nevada at the Peppermill Resort. GreenPower will display its BEAST and Nano BEAST during the Trade Show on July 17 from 5:30 to 8:30 p.m. PDT and Tuesday, July 18 from 2:00 to 6:00 p.m. PDT in booth #535. The BEAST is GreenPower's purpose-built, 40-foot Type D school bus that can seat up to 90 passengers. The vehicle features a modern monocoque chassis, and believe is the safest, most durable and reliable all-electric school bus available on the market today. The Nano BEAST is a purpose-built, zero-emission, Type A school bus with seating for up to 24 students, or the option for wheelchair securements and a rear curbside lift. GreenPower's all-electric school buses have a class-leading range of up to 150 miles. Transportation professionals from across the country will come together for the annual STN Expo to connect and learn about the latest training techniques, products and services. Most importantly, the Green Bus Summit held during STN Reno will provide a full day of discussion sessions regarding electric school bus adaptation and a ride and drive event in the evening. During the Green Bus Summit, GreenPower, alongside West Virginia representatives, will share the findings from the pilot program which allowed 18 school districts in West Virginia the opportunity to experience GreenPower all-electric school buses in real-world scenarios. The session titled The secrets to Deploying All-electric School Buses in Differing Conditions will be on Sunday, July 16 from 11:00 to 11:50 a.m. PDT. GreenPower's Type D all-electric school bus will be featured at the Green Bus Summit ride and drive on Sunday, July 16 from 6:30 to 8:30p.m. PDT. Attendees will have the opportunity to ride in the purpose-built EV school bus and experience the ride and maneuverability it delivers. Ankündigung • May 17
Greenpower Motor Company Inc. Names Taylor Freeland as New Head of Human Resources GreenPower Motor Company Inc. announced the appointment of Taylor Freeland as Sr. Manager of Human Resources for the company and that she will be based out of GreenPower'sSouth Charleston, West Virginia manufacturing facility. Freeland is a native West Virginian with a degree in psychology from Marshall University, a master's in human resource management from Southern New Hampshire University and is SHRM certified. Most recently she served as a human resources manager for the West Virginia Division of Highways (DOH) where she provided input and coaching to various upper-level management teams to support performance and operational improvements for more than 20 locations and more than 500 employees. Prior to DOH, Freeland was in various HR roles for G4S Secure Solutions, the West Virginia Department of Health and Human Resources and OVP Health. Reported Earnings • Feb 15
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: US$0.14 loss per share (further deteriorated from US$0.13 loss in 3Q 2022). Revenue: US$12.8m (up 140% from 3Q 2022). Net loss: US$3.37m (loss widened 14% from 3Q 2022). Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) missed analyst estimates by 1.4%. Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Cathy McLay was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 10
Greenpower Motor Company Inc. Launches Round 3 of All-Electric School Bus Pilot Project in Four New School Districts in West Virginia GreenPower Motor Company Inc. announced the launch of Round 3 of its pilot project to demonstrate all-electric school buses in West Virginia. Boone, McDowell and Raleigh counties will deploy the all-electric Type D BEAST school bus while Wyoming County will use the award-winning Type A Nano BEAST school bus. The preliminary data and results from rounds 1 and 2 of the pilot project show that the GreenPower BEAST and NanoBEAST are performing as expected with an overall performance rating of excellent and a battery consumption ranging from 1.1 to 1.5 miles per each percent of State of Charge. The pilots show that when fully utilizing level 2 chargers, the BEAST and Nano BEAST provide a school district a range of 200 to 250 miles per day. The third round of the pilot project will focus on more rural roads, colder temperatures and snowy conditions to showhow the buses handle winter conditions. Reported Earnings • Nov 16
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: US$0.15 loss per share (further deteriorated from US$0.13 loss in 2Q 2022). Revenue: US$7.73m (up 74% from 2Q 2022). Net loss: US$3.44m (loss widened 27% from 2Q 2022). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target decreased to US$11.00 Down from US$13.50, the current price target is provided by 1 analyst. New target price is 317% above last closing price of US$2.64. Stock is down 82% over the past year. The company posted a net loss per share of US$0.69 last year. Seeking Alpha • Aug 19
GreenPower Motor: Sales Grow But Liquidity Position Uncertain GreenPower is chasing the growing market for commercial electric vehicles.
Cash burn from operations remains high against a precarious cash position.
This comes as government support for EV sales ramps up.
Commercial vehicles are an often overlooked part of the transition to electric vehicles. These are used for tasks ranging from cargo and mass passenger transportation to last-mile package deliveries. Vancouver-based GreenPower Motor (GP) manufactures a range of electric buses and vans for the somewhat nascent but fast-growing North American commercial EV market. The global market for this is huge and set to experience double-digit growth for the foreseeable future on the back of private companies and municipalities across the world pushing to reduce their carbon footprint, eliminate local air pollution, and future-proof their economies. Indeed, analysts expect the market to grow at an 11% compound annual growth rate between 2021 and 2027 from 2020 sales of around $28 billion.
This comes against the passing of The Inflation Reduction Act which allocates $370 billion over 10 years to decarbonization initiatives meant to supercharge the rollout of EVs in the US. Management was extremely upbeat on the bill during the recent earnings call, highlighting the $40,000 tax credit for Class IV vehicles which GreenPower is eligible for as its primary manufacturing facility is based in California. This is important as the bill includes a new requirement for qualifying cars to be assembled in North America, a quandary that has left some of its EV peers who outsourced production to Europe or Asia in the dark. Adding to the positive macro backdrop, last month the Canadian government introduced a $500 million incentive scheme for purchases of medium to heavy-duty EVs. This will provide credits of up to 50% on the price difference between EVs and their combustion engine peers.
Hence, it is hard not to be bullish on the broader structural drivers for GreenPower as governments around the world continue to push through new legislation and financial incentives to ramp up EV rollout.
GP data by YCharts
This has come as the speculative froth that once drove shares to highs of just over $30 early last year continues to dissipate. GreenPower's common shares now trade hands at $3.46 for a market cap of $80 million.
Revenue Grows But Comes Below Consensus Estimates
GreenPower last reported earnings for its fiscal 2023 first quarter which ended in June. The quarter saw revenue come in at $3.85 million, an increase of 44.8% from the previous year-ago quarter but a miss of $2 million on consensus estimates. Whilst gross profit margins at 28% was a decrease from gross margins of around 33% recorded a year ago, it was a sequential increase from a margin of 12.5% realized in the preceding quarter.
With operational and other expenses at $5.3 million, GreenPower recorded a net loss of $4.35 million during the quarter.
GP Revenue (Quarterly) data by YCharts
The company's cash burn from operations came in at $5.1 million, a decline from a positive operational cash flow of around $2.4 million in the preceding quarter. Hence, with cash and equivalents at $5.4 million, GreenPower's runway comes in at over three months. The company's short-term borrowings have also skyrocketed, increasing from zero a year ago to $9.7 million as of the end of its last reported quarter.
Near-term capital needs are likely to increase with the company ramping manufacturing of its EV Star Cab and Chassis to fulfil the contract with Workhorse (WKHS) signed earlier this year. This will see GreenPower deliver 1,500 of the step vans over a 21-month schedule which started last month.
Commercial Vehicles Also Require Electrification For Net-Zero
Net-zero describes an ambition by a number of governments around the world to reduce reliance on fossil fuels and cut greenhouse gas emissions to near zero across most sectors of their economies. Whilst it has been partly blamed for the current energy crisis, it presents an immense investment opportunity for the related companies. Breakeven Date Change • Aug 17
Forecast breakeven date pushed back to 2025 The 6 analysts covering GreenPower Motor previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 86% per year to 2024. The company is expected to make a profit of US$14.1m in 2025. Average annual earnings growth of 87% is required to achieve expected profit on schedule. Reported Earnings • Aug 16
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: US$0.19 loss per share (down from US$0.11 loss in 1Q 2022). Revenue: US$3.85m (up 45% from 1Q 2022). Net loss: US$4.35m (loss widened 92% from 1Q 2022). Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 266%, compared to a 18% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Jul 12
Price target decreased to US$14.00 Down from US$16.60, the current price target is an average from 5 analysts. New target price is 315% above last closing price of US$3.37. Stock is down 82% over the past year. The company posted a net loss per share of US$0.69 last year. Reported Earnings • Jul 02
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.69 loss per share (down from US$0.43 loss in FY 2021). Revenue: US$17.2m (up 30% from FY 2021). Net loss: US$15.0m (loss widened 92% from FY 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 53%. Over the next year, revenue is forecast to grow 190%, compared to a 48% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to US$16.60 Down from US$21.40, the current price target is an average from 5 analysts. New target price is 176% above last closing price of US$6.01. Stock is down 69% over the past year. The company posted a net loss per share of US$0.43 last year. Reported Earnings • Feb 13
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: US$0.13 loss per share (down from US$0.11 loss in 3Q 2021). Revenue: US$5.31m (up 122% from 3Q 2021). Net loss: US$2.96m (loss widened 39% from 3Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 44%. Over the next year, revenue is forecast to grow 147%, compared to a 39,134% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Breakeven Date Change • Feb 11
Forecast breakeven date moved forward to 2023 The 5 analysts covering GreenPower Motor previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$367.0k in 2023. Average annual earnings growth of 72% is required to achieve expected profit on schedule. Breakeven Date Change • Jan 08
Forecast breakeven date pushed back to 2024 The 5 analysts covering GreenPower Motor previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 65% per year to 2023. The company is expected to make a profit of US$6.79m in 2024. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Reported Earnings • Nov 14
Second quarter 2022 earnings released: US$0.13 loss per share (vs US$0.089 loss in 2Q 2021) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: US$4.44m (up 57% from 2Q 2021). Net loss: US$2.71m (loss widened 83% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 80% per year, which means it is well ahead of earnings. Price Target Changed • Nov 14
Price target decreased to US$28.50 Down from US$31.00, the current price target is an average from 4 analysts. New target price is 95% above last closing price of US$14.62. Stock is up 16% over the past year. The company posted a net loss per share of US$0.43 last year. Price Target Changed • Oct 26
Price target decreased to US$30.25 Down from US$33.25, the current price target is an average from 4 analysts. New target price is 130% above last closing price of US$13.14. Stock is up 44% over the past year. The company posted a net loss per share of US$0.43 last year. Breakeven Date Change • Aug 14
Forecast breakeven pushed back to 2023 The 4 analysts covering GreenPower Motor previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 21% to 2022. The company is expected to make a profit of US$8.04m in 2023. Average annual earnings growth of 83% is required to achieve expected profit on schedule. Price Target Changed • Aug 14
Price target decreased to US$35.00 Down from US$39.00, the current price target is an average from 4 analysts. New target price is 129% above last closing price of US$15.26. Stock is up 98% over the past year. Reported Earnings • Aug 14
First quarter 2022 earnings released: US$0.11 loss per share (vs US$0.092 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: US$2.66m (up 17% from 1Q 2021). Net loss: US$2.26m (loss widened 58% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Reported Earnings • Jul 01
Full year 2021 earnings released: US$0.43 loss per share The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: US$11.9m (down 12% from FY 2020). Net loss: US$7.84m (loss widened 52% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 12
Executive Chairman & CEO recently bought US$98k worth of stock On the 7th of May, Fraser Atkinson bought around 6k shares on-market at roughly US$16.40 per share. This was the largest purchase by an insider in the last 3 months. Fraser has been a buyer over the last 12 months, purchasing a net total of US$685k worth in shares. Recent Insider Transactions • May 06
Executive Chairman & CEO recently bought US$88k worth of stock On the 30th of April, Fraser Atkinson bought around 5k shares on-market at roughly US$17.66 per share. This was the largest purchase by an insider in the last 3 months. Fraser has been a buyer over the last 12 months, purchasing a net total of US$400k worth in shares. Price Target Changed • Feb 14
Price target raised to US$36.80 Up from US$32.20, the current price target is an average from 5 analysts. The new target price is 19% above the current share price of US$30.84. As of last close, the stock is up 1,698% over the past year. Reported Earnings • Feb 13
Third quarter 2021 earnings released: US$0.11 loss per share (vs US$0.068 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$2.40m (down 52% from 3Q 2020). Net loss: US$2.13m (loss widened 102% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 123% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 30
Independent Director recently sold US$106k worth of stock On the 23rd of December, Malcolm Clay sold around 5k shares on-market at roughly US$21.25 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$424k more than they sold in the last 12 months. Is New 90 Day High Low • Dec 29
New 90-day high: US$28.75 The company is up 174% from its price of US$10.51 on 29 September 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$56.63 per share.