GreenPower Mtr Co Inc Stock Price, News & Analysis

GreenPower Motor Company has shipped eight EV Star Passenger Vans to Washington University in St. Louis, with two more to be delivered later this quarter. This follow-on order adds to the university's existing fleet of five EV Star vans used for campus transportation. The vehicles feature a 150-mile range, dual charging capabilities, and ADA accessibility options. Since October 1st, GreenPower has also delivered nine Type D BEAST school buses, one Type A Nano BEAST, and two additional EV Star Passenger Vans with ADA features. The company reports that current quarter deliveries have nearly exceeded the previous quarter's total.

GreenPower Motor Company reported Q2 fiscal 2025 results with revenues of $5.3 million, up 78% from the previous quarter. The company delivered 11 BEAST Type D electric school buses, six EV Star Cargo vehicles, and five EV Star Passenger Vans. Working capital stood at $10.1 million with inventory of $31.7 million. The company is advancing school bus production at its West Virginia facility, aiming to reach 20 buses per month. In October, GreenPower completed an offering of 3,000,000 common shares, raising $3 million gross proceeds for vehicle production and development.

GreenPower Motor Company (NASDAQ: GP) has closed its public offering of 3,000,000 common shares at $1.00 per share, raising gross proceeds of $3,000,000. The company granted the underwriter a 45-day option to purchase up to 450,000 additional shares. ThinkEquity , acting as underwriter, received a 7% discount and warrants to purchase 150,000 common shares at $1.25 per share, exercisable over three years. The net proceeds will fund production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, product development, and general corporate purposes.

GreenPower Motor Company (NASDAQ: GP) has announced the pricing of its underwritten public offering of 3,000,000 shares of common stock at $1.00 per share, aiming to raise $3,000,000 in gross proceeds. The company granted underwriters a 45-day option to purchase up to additional 450,000 shares. The offering is expected to close on October 30, 2024. The net proceeds will be used for electric vehicle production, working capital, and general corporate purposes. ThinkEquity is serving as the sole book-running manager for this offering.

GreenPower Motor Company (NASDAQ: GP) has announced a proposed public offering of common shares and/or pre-funded warrants. ThinkEquity will serve as the sole book-running manager, with a 45-day option to purchase up to an additional 15% of shares to cover over-allotments. The net proceeds will primarily fund the production of all-electric vehicles, including BEAST school buses and EV Star commercial vehicles, along with product development. The offering will be conducted under a shelf registration statement on Form F-3, with the final terms subject to market conditions.

GreenPower Motor Company has finalized an order for 50 all-electric school buses funded by an $18.5 million EPA Clean School Bus Program award. The order includes various models of BEAST, Mega BEAST, and Nano BEAST buses to be distributed across seven West Virginia school districts. The project, part of the Bipartisan Infrastructure Law, represents a collaborative effort to replace diesel buses with zero-emission alternatives. The order increased from 47 to 50 buses after Monongalia County School District contributed an additional $550,000 from its own funds. The buses will create a charging corridor throughout the state, enabling both local and long-distance operations.

GreenPower Motor Company (NASDAQ: GP) has announced plans to sell its tradable emissions compliance credits earned from manufacturing zero-emission vehicles. The company has generated hundreds of tradable credits through its production of all-electric commercial trucks, passenger vehicles, and school buses. GreenPower is in discussions with traditional OEM manufacturers and has engaged Kardos & Associates to broker the credit sales. The credits are valuable under various regulations including California's Advanced Clean Truck regulation and EPA's Phase 3 GHG regulation, with increasing demand due to stricter emissions standards.

GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has delivered four all-electric, zero-emission school buses in Arizona, California, and West Virginia in early October, with plans to deliver six more Type D BEAST school buses in the near term. The company delivered the first of 37 BEAST buses ordered by West Virginia to Wyoming County School District. In the West, deliveries included one Nano BEAST to Joseph City School District in Arizona and two BEAST buses to Garden Grove Unified School District in California.

GreenPower currently has 126 live orders of school buses, representing over $45 million in business. The company's school buses are eligible for various funding programs, including California HVIP vouchers, ZESBI grants, and the federal Clean School Bus Program. For the quarter ended September 30, 2024, GreenPower delivered 11 BEAST school buses and 11 EV Star vehicles.

GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has received a follow-on order for 10 EV Star Passenger Vans from Washington University in St. Louis for on-campus student transportation. This order follows the university's previous purchase of five EV Star Passenger Vans, which have been in use for over two years.

The EV Star Passenger Van is a zero-emission vehicle with a range of up to 150 miles and dual charging capabilities. It is built on the EV Star Cab & Chassis platform and offers versatile configuration and carrying capacity. The vans ordered by Washington University will be equipped with rear BraunAbility ADA lifts, Q'STRAINT wheelchair securement positions, and optional bike racks.

GreenPower designs and manufactures a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans. The company is listed on both NASDAQ and the Toronto Stock Exchange.