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

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

Other research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Tuesday, April 21st. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

GreenPower Motor Stock Performance

Shares of GP opened at $1.52 on Friday. The business’s 50-day moving average is $1.27 and its two-hundred day moving average is $1.11. The company has a market capitalization of $7.65 million, a P/E ratio of -0.92 and a beta of 1.69. GreenPower Motor has a fifty-two week low of $0.74 and a fifty-two week high of $6.42.

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

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 GreenPower Motor Company Inc. (NASDAQ:GP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 1.79% of GreenPower Motor as of its most recent SEC filing. 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.