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GreenPower Motor ( (TSE:GPV) ) has issued an announcement.
GreenPower Motor Company has signed a contract with the state of New Mexico for an all-electric school bus pilot program valued at over $5 million. This two-year project will deploy GreenPower’s zero-emission school buses across the state, with a focus on evaluating charging infrastructure and vehicle-to-grid capabilities. The initiative aims to reduce transportation emissions, enhance grid resiliency, and modernize school transportation, leveraging previous successful pilots and partnerships with companies like Highland Electric Fleets.
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, purpose-built, zero-emission medium and heavy-duty vehicles. The company serves various sectors including cargo and delivery, shuttle and transit, and the school bus sector. GreenPower designs and builds a range of all-electric vehicles, integrating global suppliers for key components to ensure zero emissions and ease of maintenance.
Average Trading Volume: 14,250
Technical Sentiment Signal: Sell
Current Market Cap: C$16.96M
See more data about GPV stock on TipRanks’ Stock Analysis page.