Welcome to our dedicated page for GreenPower Motor news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Motor stock.
GreenPower Motor Company Inc. designs, builds and distributes all-electric medium- and heavy-duty vehicles for cargo and delivery, shuttle, transit and school bus markets. Its product references include high-floor and low-floor transit buses, school buses, shuttles, cargo vans and cab-and-chassis platforms built around a purpose-built electric OEM design.
GreenPower news commonly covers operating and financial results, vehicle production strategy, customer-order activity, financing facilities, convertible preferred share transactions, Nasdaq listing compliance, auditor and board changes, annual meeting results and other governance matters tied to its public-company status.
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.
GreenPower Motor Company (NASDAQ: GP) announced that its entire EV Star lineup is now eligible for the New Jersey Zero Emission Incentive Program (NJ ZIP), which offers up to $100,000 in incentives for zero-emission vehicle purchases. NJ ZIP has a budget of $15 million and aims to reduce harmful emissions in Newark and Camden areas. Brendan Riley, President of GreenPower, noted the state's strong commitment to zero emissions, while Ryne Shetterly, VP of Sales and Marketing, anticipates a positive impact on vehicle sales due to these incentives.
GreenPower Motor Company (NASDAQ: GP) has secured an order for four wirelessly charged, FTA Buy America compliant EV Stars from Grant Transit Authority in Washington. Funding for the $180 million program will support this purchase. This order marks GreenPower's expansion beyond California, showcasing its market outreach and commitment to zero-emission vehicles. The EV Stars will utilize Momentum Dynamics' wireless charging system, promoting efficient energy use. GreenPower aims to leverage federal funding to meet the growing demand for electric vehicles as the economy recovers.
GreenPower Motor Company (NASDAQ: GP) has announced an order for four wirelessly charged EV Stars from Grant Transit in Washington, funded by the FTA's $180 million Low-No Program. This marks the first deployment of Momentum Dynamics' wireless charging system in the region. The vehicles will serve the Moses Lake area starting in fall 2021, demonstrating GreenPower's outreach success beyond California. The company completed a Buy America compliance audit for this order, positioning itself advantageously to leverage federal funding.