VivoPower PLC Ordinary Shares (NASDAQ:VIVO) Announces Earnings Results

VivoPower PLC Ordinary Shares (NASDAQ:VIVO) posted its quarterly earnings data on Monday. The company reported ($1.07) earnings per share for the quarter, reports. The business had revenue of $1.26 million during the quarter.

VivoPower PLC Ordinary Shares Stock Performance

Shares of NASDAQ:VIVO traded down $0.16 on Monday, hitting $2.20. 368,904 shares of the company were exchanged, compared to its average volume of 1,016,490. VivoPower PLC Ordinary Shares has a one year low of $1.20 and a one year high of $6.86. The company’s 50 day moving average price is $3.41 and its two-hundred day moving average price is $3.98.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of VivoPower PLC Ordinary Shares in a research note on Friday, September 18th. Noble Financial assumed coverage on shares of VivoPower PLC Ordinary Shares in a report on Monday, July 13th. They issued an “outperform” rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, VivoPower PLC Ordinary Shares has an average rating of “Hold” and a consensus target price of $10.00.

VivoPower PLC Ordinary Shares Company Profile

VivoPower International PLC is a sustainable energy solutions company focused on the electrification of heavy-duty and off-road vehicles, distributed energy systems, and critical power infrastructure. Its activities are aimed at helping commercial, industrial, and government customers reduce reliance on fossil fuels and improve energy resilience.

Through its Tembo business, VivoPower develops electric powertrain systems and battery solutions for specialist vehicles used in sectors such as mining, agriculture, utilities, and industrial operations.