GreenPower Motor (NASDAQ:GP) Posts Earnings Results, Beats Estimates By $2.72 EPS

GreenPower Motor (NASDAQ:GP) announced its quarterly earnings results on Thursday. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.40) by $2.72, Zacks reports. The firm had revenue of $8.50 million during the quarter, compared to analyst estimates of $8.99 million.

GreenPower Motor Stock Up 31.6%

GP stock traded up $0.31 during trading on Friday, reaching $1.27. The stock had a trading volume of 9,174,450 shares, compared to its average volume of 76,626. The company has a market capitalization of $3.91 million, a price-to-earnings ratio of -0.23 and a beta of 1.87. GreenPower Motor has a one year low of $0.74 and a one year high of $7.70. The company’s 50 day moving average is $0.95 and its two-hundred day moving average is $2.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On GreenPower Motor

A hedge fund recently bought a new stake in GreenPower Motor stock. DRW Securities LLC bought a new stake in shares of GreenPower Motor Company Inc. (NASDAQ:GP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned 1.79% of GreenPower Motor as of its most recent SEC filing. Institutional investors and hedge funds own 1.69% of the company’s stock.

GreenPower Motor Company Profile

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.