GreenPower Mtr Co Inc Stock Price, News & Analysis

GreenPower Motor Company (NASDAQ: GP) announced its all-electric school buses qualify for rebates under the EPA’s $500 million Clean School Bus program. Eligible purchasers can receive up to $375,000 for the Type D BEAST bus and $285,000 for the Type A Nano BEAST bus. The program, which offers $5 billion over five years to replace existing school buses with zero-emission models, will accept online applications from May to August 2022. Selected districts must place orders by April 2023 to qualify for rebates.

GreenPower Motor Company (NASDAQ: GP) will showcase its zero-emission electric vehicles at the Advanced Clean Transportation (ACT) Expo from May 9-12, 2022 in Long Beach, California. At booth #911, GreenPower will feature its innovative products, including the all-electric BEAST school bus and EV Star. Attendees can participate in a Ride and Drive event on May 10 and May 11.

GreenPower Motor Company (NASDAQ: GP) announced its participation in several major industry conferences, showcasing its range of zero-emission electric vehicles. Key events include the NAFA Institute and Expo in Columbus, Ohio (April 11-13), CALACT Spring Conference in Newport Beach, Calif. (April 19-22), and ACT Expo in Long Beach, Calif. (May 9-12). The company aims to engage with consumers, investors, and other stakeholders while highlighting its innovative products like the EV Star Cargo and BEAST school bus. This initiative is part of GreenPower's strategy to strengthen market presence in the electric vehicle sector.

GreenPower Motor Company (NASDAQ: GP) has announced that its electric vehicles are eligible for California's HVIP funding, offering vouchers of $60,000 to $375,000 per vehicle. The HVIP program opens on March 30, 2022, providing $196.6 million in standard funds, along with $65.5 million for public transit and $122 million for schools. GreenPower has a strong delivery track record, with models including the BEAST and Class 4 EV Star. The company aims to leverage this funding to increase market penetration and fulfill orders effectively.

GreenPower Motor Company (NASDAQ: GP) has launched the Nano BEAST, a zero-emission, battery-electric Type A school bus with a range of up to 150 miles per charge. This innovation features the largest standard battery pack for its category, designed for optimal energy supply and weight distribution. GreenPower plans to begin deliveries soon, leveraging increasing demand for electric school buses supported by state and federal funding. The company highlights the health benefits for students by moving away from diesel buses, as NOx exhaust is linked to respiratory issues.

GreenPower Motor Company Inc. (NASDAQ: GP) has appointed RWC Group as a dealer for its all-electric BEAST school bus in Arizona, Washington, and Clark County, Nevada, serving a market of approximately 20,000 school buses. RWC will receive two BEAST buses in April and has committed to purchasing at least 12 more in the first year. The BEAST is a 40-foot electric bus with 90 passenger capacity, a range of up to 150 miles, and several advanced features. This partnership expands GreenPower's market presence and strengthens its position in electric school transportation.

GreenPower Motor Company (NASDAQ: GP) will participate in the 34th Annual Roth Conference in Dana Point, California, on March 14-15, 2022. Key executives, including CEO Fraser Atkinson, President Brenden Riley, and VP Ryne Shetterly, will engage in a fireside chat on March 14 at 9:30 a.m. PT. The company aims to raise awareness about its zero-emission electric vehicles serving various markets. Interested parties can schedule one-on-one meetings through investor relations and gain insights into GreenPower's sustainable commitment.

On March 1, 2022, Workhorse Group (NASDAQ: WKHS) and GreenPower Motor Company (NASDAQ: GP) announced a multi-year supply agreement for the delivery of 1,500 EV Star cab and chassis. Deliveries will commence in July 2022, supporting Workhorse's new Class 4 W750 step van line, which is set for production in Q3 2022. This partnership grants Workhorse exclusive rights to sell the Class 4 vans in the U.S. and Canada. The W750 model will offer a 150-mile electric range and a 5,000 lbs. payload capacity, enhancing Workhorse's presence in the zero-emission vehicle market.

GreenPower Motor Company (Nasdaq: GP) reported a significant revenue increase of $5,313,352 for the fiscal third quarter ending December 31, 2021, marking a 121.5% rise from the previous year. Gross profit improved to 27.8% of revenues compared to 21.5% in the last quarter. The company delivered multiple all-electric buses and is set to open a new manufacturing facility in West Virginia, with plans to produce over 1,000 school buses annually. The adjusted EBITDA loss was $1,553,811, slightly worsening from the prior quarter.