Welcome to our dedicated page for GreenPower Mtr news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr 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 (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.
GreenPower Motor Company (NASDAQ: GP) has secured a follow-on order for 10 EV Star Cab & Chassis from Transportation Commodities Inc. (TCI). This order follows TCI's successful operation of four GreenPower electric vehicles since 2021. The EV Star Cab & Chassis is a purpose-built electric vehicle with a 7,000-pound carrying capacity and up to 150-mile range, designed for mid and last-mile delivery.
TCI plans to upfit these vehicles with specialized bodies through GP Truck Body, offering options including Stakebed Truck and ReeferX refrigerated bodies. The deal demonstrates TCI's confidence in GreenPower's zero-emission vehicles for reducing their carbon footprint while maintaining operational efficiency.
GreenPower Motor Company has appointed Wolfington Body Company as its exclusive school bus dealer in New Jersey, Pennsylvania and Delaware, along with rights to sell its Class 4 commercial EV line. Wolfington has purchased four demo units: a Type A Nano BEAST Access school bus, a Type D BEAST school bus, an EV Star Passenger Van, and an EV Star Stakebed Truck. Additionally, Wolfington secured an order for seven Type A Nano BEAST all-electric school buses for a New Jersey school district.
Wolfington, a fifth-generation family business operating since 1876, offers complete mechanical services and body shops with same-day parts delivery in most areas. The partnership announcement was supported by state Assemblywoman Andrea Katz and Hainesport Mayor Leila Gilmore, highlighting economic benefits and environmental advantages for the community.
GreenPower Motor Company (Nasdaq: GP) announces an exclusive live investor webinar scheduled for December 4, 2024. The company's CEO Fraser Atkinson, CFO Michael Sieffert, and President Brendan Riley will discuss strategic positioning and growth trajectory. GreenPower, a manufacturer of zero-emission electric vehicles, has produced approximately 900 vehicles to date, generating over $90 million in revenue from 614 vehicles delivered in the past three fiscal years. The company specializes in all-electric buses and trucks for commercial transportation, including transit buses, school buses, shuttles, and cargo vans.
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.