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GreenPower Motor ( (TSE:GPV) ) has issued an update.
GreenPower Motor Company announced that its EV Star line of vehicles is eligible for up to $130,000 in incentives under California’s Innovative Small E-Fleet (ISEF) program, which reopens with $30.5 million in available incentives. This opportunity allows small fleet operators to cover up to 90% of the cost of new zero-emission vehicles, enhancing GreenPower’s market positioning by making its all-electric, zero-emission vehicles more accessible to small businesses. The announcement highlights GreenPower’s commitment to providing a diverse range of commercial electric vehicles and underscores the urgency for stakeholders to act quickly as these funds are limited and available on a first-come, first-served basis.
The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.
Spark’s Take on TSE:GPV Stock
According to Spark, TipRanks’ AI Analyst, TSE:GPV is a Neutral.
GreenPower Motor’s overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and significant profitability challenges. The technical analysis suggests a bearish trend, further weighing on the score. The negative P/E ratio and lack of dividend yield contribute to a weak valuation score.
To see Spark’s full report on TSE:GPV stock, click here.
More about GreenPower Motor
GreenPower Motor Company Inc. is a leading manufacturer and distributor of all-electric, zero-emission medium and heavy-duty vehicles. The company serves various markets including cargo and delivery, shuttle and transit, and the school bus sector. GreenPower designs and builds purpose-built electric vehicles with a focus on integrating global suppliers for key components, ensuring ease of maintenance and accessibility for warranty requirements. Founded in Vancouver, Canada, GreenPower operates primarily from southern California and is listed on both the Toronto and NASDAQ exchanges.
Average Trading Volume: 3,742
Technical Sentiment Signal: Sell
Current Market Cap: C$13.37M
See more data about GPV stock on TipRanks’ Stock Analysis page.