Vision Marine’s E-Motion 180E Approved for California CORE Program

Vision Marine Technologies ( (VMAR) ) has issued an announcement.

Vision Marine Technologies’ E-Motion ™ 180E electric powertrain has been approved under California’s CORE Voucher Program, making it eligible for up to $170,000 in per-unit government vouchers. This approval is expected to enhance Vision Marine’s market position by driving the electrification of commercial fleets in California, a significant market with approximately 4,400 commercially operated vessels. The initiative aligns with the broader industry momentum towards electrification, potentially increasing demand for Vision Marine’s products and reinforcing its competitiveness in the clean technology sector.

The most recent analyst rating on (VMAR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Vision Marine Technologies stock, see the VMAR Stock Forecast page.

Spark’s Take on VMAR Stock

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

Vision Marine Technologies has a low overall stock score due to significant financial struggles, including declining revenues and persistent losses. Technical indicators are mixed, suggesting cautious market momentum. Valuation concerns also weigh heavily, as reflected in the negative P/E ratio. The absence of earnings call or significant corporate events data provides no additional insights to offset these challenges.

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

More about Vision Marine Technologies

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric marine propulsion, dedicated to delivering high-performance, sustainable solutions for the recreational boating industry. Its flagship E-Motion ™ 180E system delivers 180 HP of continuous power through a fully integrated, scalable electric powertrain platform. Built for reliability and commercial-grade use, Vision Marine’s solutions serve OEMs, fleet operators, government agencies, and rental services across North America.

Average Trading Volume: 91,948

Technical Sentiment Signal: Sell

Current Market Cap: $9.16M

Find detailed analytics on VMAR stock on TipRanks’ Stock Analysis page.