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GreenPower Motor ( (TSE:GPV) ) has issued an update.
GreenPower Motor Company has successfully closed the fourth tranche of its secured term loan offering, totaling $200,000. The funds will be used for production costs, supplier payments, payroll, and working capital. The loans, secured by a general security agreement on the company’s assets, bear a 12% annual interest and have a two-year term. As part of the loan agreement, GreenPower issued share purchase warrants and shares to the lenders, who are related parties under MI 61-101 regulations. This financial maneuver is expected to support GreenPower’s operational needs and strengthen its market position in the electric vehicle industry.
The most recent analyst rating on (TSE:GPV) stock is a Buy with a C$3.00 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, and cargo vans. The company focuses on creating purpose-built, battery-powered vehicles with zero emissions, integrating global suppliers for key components. Founded in Vancouver, Canada, GreenPower operates primarily in southern California and is listed on the Toronto exchange and NASDAQ.
Average Trading Volume: 12,544
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$15.63M
See more data about GPV stock on TipRanks’ Stock Analysis page.