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Envirotech Vehicles shareholders approve equity plan expansion

Story Highlights
  • Envirotech Vehicle’s shareholders bolstered the 2017 equity plan, adding 890,000 shares and extending its duration.
  • Investors re-elected Jason Maddox, ratified Barton CPA for 2025, and supported 2024 executive compensation, reinforcing stability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Envirotech Vehicles shareholders approve equity plan expansion

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Envirotech Vehicles ( (EVTV) ) has shared an update.

At its reconvened Feb. 3, 2026 annual meeting after prior quorum delays, Envirotech Vehicles stockholders approved a 890,000-share expansion and term extensions for the 2017 Equity Incentive Plan, re-elected Jason Maddox to a Class II board seat, ratified Barton CPA, PLLC for 2025 auditing, and backed 2024 executive pay, signaling renewed governance continuity and expanded equity capacity to support future hiring and retention needs.

The most recent analyst rating on (EVTV) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Envirotech Vehicles stock, see the EVTV Stock Forecast page.

Spark’s Take on EVTV Stock

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

The score is held down primarily by weak financial fundamentals—worsening losses, negative gross profit, sharply reduced equity with higher leverage, and continued cash burn. Technicals are comparatively strong with price above major moving averages and positive MACD, but valuation remains challenged by negative earnings and corporate events add listing/compliance uncertainty despite the equity raise.

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

More about Envirotech Vehicles

Envirotech Vehicles operates in the commercial electric vehicle industry, supplying zero-emission buses and trucks to fleet operators and municipal customers seeking sustainable transportation options.

Average Trading Volume: 28,016,644

Technical Sentiment Signal: Sell

Current Market Cap: $10.09M

Learn more about EVTV stock on TipRanks’ Stock Analysis page.

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