Envirotech Vehicles Appoints Jason Maddox as Director

Envirotech Vehicles ( (EVTV) ) has issued an announcement.

On August 5, 2025, Envirotech Vehicles appointed Jason Maddox as a Class II director, effective August 6, 2025, until the 2025 Annual Meeting of Stockholders. Maddox, who has been the Interim CFO and President of the company, brings extensive leadership experience from his role as CEO of Maddox Defense and Maddox Industries. His appointment follows the acquisition of Maddox Industries by Envirotech in December 2024, where Maddox was the sole member. The acquisition involved a stock exchange valued at approximately $4.3 million, and Maddox Industries continues to manufacture medical gowns under a contract with Maddox Defense, contributing to Envirotech’s financial activities.

Spark’s Take on EVTV Stock

According to Spark, TipRanks’ AI Analyst, EVTV is a Neutral.

Envirotech Vehicles’ overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and cash flow issues. The technical analysis suggests a bearish trend, while valuation metrics are poor due to negative earnings. The absence of earnings call data and corporate events further limits positive influences on the score.

To see Spark’s full report on EVTV stock, click here.

More about Envirotech Vehicles

Envirotech Vehicles, Inc. operates in the electric vehicle industry, focusing on the development and manufacturing of eco-friendly transportation solutions. The company aims to provide sustainable and innovative vehicles to reduce carbon emissions and enhance urban mobility.

Average Trading Volume: 130,236

Technical Sentiment Signal: Sell

Current Market Cap: $6.37M

See more insights into EVTV stock on TipRanks’ Stock Analysis page.