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GreenPower Motor ( (TSE:GPV) ) just unveiled an announcement.
GreenPower Motor Company Inc. has announced a proposed consolidation of its common shares, aiming to convert every ten existing shares into one new share. This move is intended to comply with Nasdaq’s minimum bid price requirement of $1 per share. The consolidation, which awaits approval from the TSX Venture Exchange, will significantly reduce the number of outstanding shares. Additionally, GreenPower has received a notice from Nasdaq regarding non-compliance with the minimum stockholders’ equity requirement, giving the company until September 29, 2025, to present a compliance plan. The outcome of these actions could impact GreenPower’s market positioning and its continued listing on Nasdaq.
The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$0.50 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 challenges, with negative profitability and cash flow issues weighing heavily. However, positive corporate events and strategic initiatives, along with some technical stability, provide a counterbalance. The earnings call also highlighted revenue growth and operational improvements, but these are overshadowed by the financial difficulties.
To see Spark’s full report on TSE:GPV stock, click here.
More about GreenPower Motor
GreenPower Motor Company Inc. is a manufacturer of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, and cab and chassis. The company focuses on creating zero-emission vehicles with a clean-sheet design, integrating global suppliers for key components to meet various operational specifications. Founded in Vancouver, Canada, GreenPower operates primarily in southern California and has been listed on the Toronto exchange since 2015 and on NASDAQ since 2020.
Average Trading Volume: 16,129
Technical Sentiment Signal: Sell
Current Market Cap: C$16.96M
See more insights into GPV stock on TipRanks’ Stock Analysis page.