GreenPower Mtr Co Inc Stock Price, News & Analysis

GreenPower Motor Company (Nasdaq: GP) (TSXV: GPV), a manufacturer of zero-emission electric vehicles, has announced its 2025 Annual General and Special Meeting scheduled for May 23, 2025, with a voting record date of April 16, 2025.

The company received a notification from Nasdaq on April 1, 2025, regarding non-compliance with Listing Rule 5620(a) for not holding its annual shareholders meeting within twelve months of the fiscal year ended March 31, 2024. GreenPower expects to regain compliance by conducting the meeting on the scheduled May date.

GreenPower specializes in manufacturing all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans, utilizing a clean-sheet design approach and integrating global suppliers for key components.

GreenPower Motor Company (NASDAQ: GP) has delivered its first four Type D all-electric BEAST school buses to West Virginia under Round 2 of the EPA's Clean School Bus Program. The delivery is part of an $18.565 million award for seven West Virginia school districts to deploy 50 zero-emission school buses manufactured in South Charleston.

The delivery was briefly paused due to a spending freeze by the Trump Administration but resumed after cooperation between Senator Shelley Moore Capito and EPA Administrator Lee Zeldin. The BEAST, a 40-foot Type D bus, can seat up to 90 students and features fast charging capabilities allowing full charge in under three hours.

The company will continue deliveries to complete the 50-bus deployment, including both BEAST and Type A Nano BEAST models. Grant County Public Schools, working with Highland Electric Fleets on charging infrastructure, will be the next district to receive their buses.

GreenPower Motor Company (Nasdaq: GP) has announced its annual stock option grants to key personnel. The company has allocated 525,000 incentive stock options to four Independent Directors and three Officers, 250,000 options to employees, and 25,000 options to a consultant. The options are exercisable for five years at CDN $0.78 per share, pending TSX Venture Exchange approval.

The vesting schedule varies by position: Directors and CFO's 75,000 options each will fully vest one year after the grant date, while employee and consultant options will fully vest three years after the grant date. All options begin vesting in increments four months post-grant.

GreenPower Motor Company (NASDAQ: GP) has established an At-The-Market (ATM) equity program through a sales agreement with Roth Capital Partners. Under this program, GreenPower may issue up to US$850,000 of common shares at market prices through the Nasdaq Capital Market.

The company plans to use the net proceeds for the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, as well as product development. Any remaining funds will be allocated to general corporate purposes. Roth Capital Partners will receive a 3.0% commission on the aggregate gross proceeds from share sales.

The ATM program is established under an effective shelf registration statement filed with the SEC. No shares will be offered or sold in Canada, and GreenPower is not obligated to make any sales under this agreement.

GreenPower Motor Company (Nasdaq: GP) has provided a corporate update regarding two key developments. First, the company confirmed its ongoing relationship with RedChip Companies, Inc. as their Investor Relations Representative, which began February 26, 2024, at a monthly fee of US $10,500. The agreement initially had a six-month term and continues month-to-month.

More critically, on February 27, 2025, GreenPower received a notice from Nasdaq regarding non-compliance with listing rules, as its share price has remained below $1 for 30 consecutive business days. The company has 180 calendar days to regain compliance by maintaining a closing price above $1 for 10 consecutive trading days. If unsuccessful, GreenPower may be eligible for an additional 180-day period to meet this requirement, provided it satisfies other Nasdaq Capital Market listing standards.

GreenPower Motor Company (Nasdaq: GP) reported its Q3 fiscal 2025 results, achieving $7.2 million in revenue, marking a 35% increase from the previous quarter. The company's gross profit improved to 14.6% of revenue, up from 8.6% in Q2.

During the quarter, GreenPower delivered 13 BEAST Type D electric school buses, one Nano BEAST Type A school bus, one EV Star Cargo Plus, and 13 EV Star Passenger Vans. The company reported working capital of $12.8 million, a $2.7 million increase over the previous quarter, and inventory of $28.2 million.

The company is expanding its West Virginia manufacturing facility to produce one BEAST per week, increasing to two per week by April. GreenPower also plans to consolidate its California operations into one facility in the Inland Empire for improved efficiency. The company completed an underwritten offering of 3,000,000 common shares, raising $3 million in gross proceeds.

Nova Minerals (NVA) and GreenPower Motor Company will be featured on Bloomberg TV's RedChip Small Stocks, Big Money™ show on January 25, 2024. Nova Minerals, through CEO Christopher Gerteisen's interview, highlights its Estelle Gold Project in Alaska, which contains a pit-constrained S-K 1300 compliant resource of 5.2 million ounces of gold. The project is located in a region known for Tier 1 gold deposits.

The company is currently conducting metallurgical and flow sheet work for its Feasibility Study, which aims to optimize project economics. The study may incorporate processing techniques for additional revenue from surface-level critical minerals like antimony. With gold and antimony prices at all-time highs, Nova Minerals positions itself as an undervalued opportunity in the gold and critical minerals sectors.

GreenPower Motor Company (NASDAQ: GP) has secured orders for 11 BEAST all-electric school buses across three Western U.S. markets. The orders include seven buses for Los Banos Unified School District in California, two for Casa Grande Elementary School District in Arizona, and two for Hood River County School District in Oregon.

The BEAST is a 40-foot Type D all-electric school bus that can seat up to 90 students. It features an aluminum body, high-strength steel chassis, and flat floor design. The bus supports combined port charging with Level 2 rates up to 19.2 kW and DC Fast Charging up to 85 kW, enabling full charging in under three hours.

According to Paul Start, GreenPower's VP of Sales, both the order pipeline and production schedule are at record levels, with 2025 sales projected to exceed 2024 figures.

GreenPower Motor Company (NASDAQ: GP) has announced the appointment of Sebastian Giordano to its Board of Directors. Giordano brings significant experience from the transportation and electric vehicle sectors, having served on boards of companies including AYRO, DropCar, and Transportation and Logistics Systems. He has also provided C-Level consulting services across various industries for 22 years.

Concurrent with this appointment, Cathy McLay has resigned from the Board after serving since January 2020. CEO Fraser Atkinson acknowledged McLay's contributions to the company's development and strategy in the EV space.