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An announcement from GreenPower Motor ( (TSE:GPV) ) is now available.
GreenPower Motor Company Inc. has successfully closed the fifth tranche of its secured term loan offering, raising a total of $250,000. The funds will be used for production costs, supplier payments, payroll, and working capital. The loans, secured against the company’s assets, have a two-year term with a 12% annual interest rate. Additionally, GreenPower issued share purchase warrants and shares as inducements to the lenders, who are related parties. The company also provided a quarterly update on its at-the-market equity offering, raising $97,964 through the issuance of common shares.
The most recent analyst rating on (TSE:GPV) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.
Spark’s Take on TSE:GPV Stock
According to Spark, TipRanks’ AI Analyst, TSE:GPV is a Neutral.
GreenPower Motor’s overall stock score reflects significant financial and technical challenges. Despite positive revenue growth and strategic initiatives highlighted in the latest earnings call, ongoing financial struggles, bearish market momentum, and unattractive valuation weigh heavily on the stock. The company must address these core issues to improve its market position and stock performance.
To see Spark’s full report on TSE:GPV stock, click here.
More about GreenPower Motor
GreenPower Motor Company Inc. is a leading manufacturer and distributor of all-electric, zero-emission medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, and a cab and chassis. The company focuses on designing vehicles that are purpose-built to be battery-powered, integrating global suppliers for key components, and providing standard parts for maintenance and warranty accessibility. Founded in Vancouver, Canada, GreenPower has operational facilities in southern California and is listed on both the Toronto and NASDAQ exchanges.
Average Trading Volume: 13,727
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$16.22M
See more data about GPV stock on TipRanks’ Stock Analysis page.