GreenPower Mtr Co Inc Stock Price, News & Analysis

GreenPower Motor Company (NASDAQ: GP) announced the official launch of its all-electric school bus, the BEAST, at the ACT Expo in Long Beach, California. The BEAST can travel up to 150 miles on a single charge and accommodate 90 passengers. Deliveries are set to begin in September, with production ramping up from 5 to 10 units per month due to increased demand following the Federal Infrastructure Plan. GreenPower emphasizes the BEAST's safety features and cost efficiency, aiming to enhance the adoption of zero-emission school buses across the USA.

GreenPower Motor Company Inc. (Nasdaq: GP) reported its fiscal first-quarter financial results for the period ending June 30, 2021. The company achieved revenues of $2,659,002, marking a 17% increase from the previous year. Gross profit rose to $850,632 with a margin of 32.0%. The inventory grew to $18.8 million compared to $12.5 million in the previous quarter. Positive cash flow is targeted by year-end. The company remains optimistic about its inventory and production capacity, aligning with the growing demand for electric vehicles.

GreenPower Motor Company Inc. (NASDAQ: GP) will host a conference call and webcast on August 13, 2021, at 6:30 a.m. PST to discuss its first-quarter financial results for the period ending June 30, 2021. The call will provide a business update and is open to all shareholders and interested parties. Participants can join by dialing provided numbers or through a webcast link. The company focuses on all-electric vehicles for various sectors, emphasizing zero emissions.

GreenPower Motor Company has filed a preliminary short form base shelf prospectus with securities commissions in British Columbia, Alberta, and Ontario, alongside a registration statement with the SEC. This will enable GreenPower to offer up to US$200 million worth of various securities over a 25-month period. The terms of offerings will be defined at the time of sale. Investors are cautioned that no securities can be sold until the registration is effective. Forward-looking statements in the release highlight potential risks and uncertainties involved in the offerings.

GreenPower Motor Company (Nasdaq: GP) reported financial results for the fiscal fourth quarter and year ending March 31, 2021. Revenues for the fourth quarter grew by 76% to $4,378,131, while annual revenues decreased by 12% to $11,884,578. The company generated a gross profit of $1,168,031 in the fourth quarter, with a gross profit margin of 26.7%. Cash expenses increased to $2,035,699. Despite challenges, the CEO expressed optimism about future demand and production expectations leading to positive cash flow by mid-2022.

GreenPower Motor Company Inc. (Nasdaq:GP) will host a conference call and webcast on June 29, 2021, at 6:30 a.m. PT / 9:30 a.m. ET to discuss its fiscal fourth quarter results ending March 31, 2021. The event aims to provide operational updates and financial insights. Participants in the call can dial various numbers based on their location. A replay will also be available shortly after the call. GreenPower specializes in designing and manufacturing all-electric vehicles for various sectors including transit and delivery.

GreenPower Motor Company (NASDAQ: GP) will present at the LD Micro Invitational XI conference on Tuesday, June 8 at 12:30 p.m. ET. The virtual event, running from June 8-10, will showcase around 180 companies and feature keynotes from notable figures like Laurie Segall and Liz Claman. The conference aims to connect micro-cap investors and businesses, offering 25-minute presentations for each participant. For more details, visit GreenPower's news page.

GreenPower Motor Company (NASDAQ: GP) announced the delivery of five EV Star Cab and Chassis units to Forest River, a Berkshire Hathaway Company (NYSE: BRK.A). This marks a significant step in Forest River's electrification strategy, as they integrate GreenPower's electric platform with their renowned vehicle bodies. Forest River, a leader in the recreational vehicle market, sold its 100,000th bus in July 2020 and generates over $5 billion in annual revenue. The partnership aims to tap into the substantial market for electric cutaway buses, with Forest River selling approximately 9,000 units per year in this segment.

GreenPower Motor Company (NASDAQ: GP) held its Annual General and Special Meeting on May 18, 2021, where shareholders elected all management nominees to the board, including Mark Achtemichuk and Fraser Atkinson. The meeting also saw the approval of the stock option plan and the appointment of Crowe MacKay LLP as auditors for the upcoming fiscal year. Post-meeting, 173,650 stock options were granted to employees at a price of CDN $19.62 per share, vesting over four years. GreenPower specializes in all-electric vehicles designed for zero emissions.