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GreenPower Motor (TSE:GPV)
:GPV

GreenPower Motor (GPV) AI Stock Analysis

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GreenPower Motor

(GPV)

Rating:44Neutral
Price Target:
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.
Positive Factors
Deliveries
The company delivered 11 electric school buses, which is a 267% increase quarter over quarter, surpassing the forecast.
Demand
There is an anticipation of long-term demand for electric vehicles, particularly electric school buses, which supports maintaining a Buy rating.
Earnings
GreenPower Motor's revenue and EBITDA exceeded consensus, with revenue increasing by 75% quarter over quarter.
Negative Factors
EBITDA
The company's EBITDA loss widened more than expected due to revenue being below forecasts and fewer vehicle deliveries than anticipated.
Financial Health
GreenPower Motor's cash burn was $1.4 million, resulting in cash of only $0.1 million and debt of $13.6 million, indicating potential financial strain.

GreenPower Motor (GPV) vs. iShares MSCI Canada ETF (EWC)

GreenPower Motor Business Overview & Revenue Model

Company DescriptionGreenPower Motor Company Inc. is a leading manufacturer and distributor of electric-powered vehicles, focusing primarily on the medium and heavy-duty commercial vehicle sectors. The company designs, engineers, and produces a range of electric buses and trucks, including transit buses, school buses, shuttles, and cargo vehicles. By leveraging its state-of-the-art manufacturing facilities, GreenPower aims to provide cost-effective, sustainable transportation solutions that reduce carbon emissions and cater to the evolving needs of its customers.
How the Company Makes MoneyGreenPower Motor generates revenue primarily through the sale of its electric vehicles to a diverse customer base, including transit agencies, school districts, and private operators. The company capitalizes on the growing demand for sustainable transportation solutions by offering a comprehensive lineup of electric buses and trucks. Additionally, GreenPower may benefit from government incentives and subsidies aimed at promoting clean energy and reducing emissions, further enhancing its revenue potential. The company's strategic partnerships with suppliers and technology providers also contribute to its competitive advantage, enabling it to deliver innovative and reliable products to the market.

GreenPower Motor Earnings Call Summary

Earnings Call Date:Jun 27, 2025
(Q3-2025)
|
% Change Since: -3.70%|
Next Earnings Date:Aug 08, 2025
Earnings Call Sentiment Positive
GreenPower showed strong financial performance with significant revenue growth and improvements in gross profit, alongside strategic operational consolidations to enhance efficiency. However, challenges in the truck body division and increased headcount costs present areas for improvement.
Q3-2025 Updates
Positive Updates
Revenue Growth
GreenPower generated revenue of $7.2 million for the three months ended December 31, 2024, marking a 35% increase over the previous quarter.
Gross Profit Improvement
The company reported a gross profit of $1.05 million, or 14.6% of revenues, an improvement from prior quarters.
Increased Production Capacity
GreenPower increased its output from the West Virginia manufacturing facility and is set to deliver one BEAST per week, with production increasing to two units per week by April.
California Operations Consolidation
GreenPower plans to consolidate its California manufacturing operations into one larger facility in Riverside, expected to result in cost savings and increased efficiency.
Supportive Market Trends
Growing demand for electric school buses driven by health concerns, driver preferences, and grid resiliency, with supportive incentives at federal and state levels.
Cost Management
Sales, general, and administrative expenses declined by $443,000 or 7.8% compared to the same quarter last year.
Negative Updates
Truck Body Division Underperformance
Lower-than-target gross profit margins from the truck body division were noted, affected by reduced demand and overcapacity in the market.
Headcount-Related Cost Increase
General and administrative expenses increased to $2.9 million, up from $2.2 million in the previous quarter, primarily driven by headcount increases.
Company Guidance
During GreenPower Motor Company's Third Quarter Earnings Call for fiscal year 2025, key metrics highlighted included a 35% increase in revenue to $7.2 million, with a gross profit of approximately $1.05 million or 14.6% of revenues. The company reported sales of 13 BEAST Type D all-electric school buses, one Nano BEAST Type A school bus, and 14 EV Star model vehicles. Cost of sales was $6.2 million, and sales, general, and administrative expenses decreased by 7.8% compared to the previous year. To improve efficiency, GreenPower is consolidating its California operations into a single facility, aiming for better management oversight, lower general and administrative expenses, and improved gross profit margins. In West Virginia, efforts to enhance manufacturing throughput are ongoing. Additionally, GreenPower completed an underwritten offering, raising $3 million to support production and development efforts, while maintaining financial support from credit facilities and shareholders.

GreenPower Motor Financial Statement Overview

Summary
GreenPower Motor is facing significant financial challenges characterized by declining revenues, persistent losses, high leverage, and weak cash flows. This financial position presents substantial risks, and the company must improve its operational efficiency and financial management to achieve sustainability.
Income Statement
30
Negative
GreenPower Motor shows a significant struggle in profitability with negative net income and EBIT margins, indicating operational challenges. The TTM data indicates a substantial decline in revenue compared to the previous year, which is concerning for future growth.
Balance Sheet
40
Negative
The company's balance sheet reveals high leverage with a debt-to-equity ratio that reflects financial risk. The equity ratio is alarmingly low, suggesting limited equity cushion. However, the company has managed to maintain some asset base despite operational losses.
Cash Flow
35
Negative
Operating cash flow is negative, and free cash flow is deteriorating, reflecting cash flow challenges. The ratio of operating cash flow to net income shows difficulty in converting earnings to cash, which is a critical concern for liquidity.
BreakdownTTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue20.66M39.27M39.70M17.24M11.88M13.50M
Gross Profit1.72M5.36M7.25M3.88M3.58M4.05M
EBITDA-17.39M-14.93M-12.27M-13.52M-5.80M-2.43M
Net Income-21.46M-18.34M-15.04M-15.01M-7.84M-5.15M
Balance Sheet
Total Assets37.37M45.20M63.53M49.61M39.62M13.21M
Cash, Cash Equivalents and Short-Term Investments621.09K1.15M600.40K884.78K15.10M299.70K
Total Debt17.42M16.80M15.75M5.89M1.10M12.24M
Total Liabilities35.23M33.64M35.86M15.22M3.47M14.38M
Stockholders Equity2.14M11.57M27.66M34.39M36.15M-1.17M
Cash Flow
Free Cash Flow-10.66M-1.49M-15.11M-20.88M-16.74M-5.28M
Operating Cash Flow-10.51M-1.13M-14.76M-20.34M-16.39M-5.11M
Investing Cash Flow-150.42K-761.53K303.19K-536.09K-352.68K-161.86K
Financing Cash Flow6.75M2.32M8.19M12.66M31.52M5.50M

GreenPower Motor Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.52
Price Trends
50DMA
0.59
Negative
100DMA
0.69
Negative
200DMA
1.04
Negative
Market Momentum
MACD
-0.02
Positive
RSI
34.27
Neutral
STOCH
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GPV, the sentiment is Negative. The current price of 0.52 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.59, and below the 200-day MA of 1.04, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.27 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GPV.

GreenPower Motor Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
52
Neutral
C$2.91B-0.96-3.26%6.23%2.20%-43.43%
TSCH
47
Neutral
C$8.89M142.15%-20.87%27.29%
TSNXH
46
Neutral
C$13.06M-525.98%-24.60%-11.26%
TSGPV
44
Neutral
C$15.34M-218.43%-57.55%-31.45%
35
Underperform
C$22.03M-70.10%-0.95%
28
Underperform
C$49.51M186.24%46.74%
21
Underperform
C$495.92K72.05%77.32%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GPV
GreenPower Motor
0.52
-1.12
-68.29%
TSE:NHHH
FuelPositive Corp.
0.05
0.00
0.00%
TSE:FHYD
First Hydrogen
0.70
0.14
25.00%
TSE:NXH
Next Hydrogen Solutions Inc
0.57
0.00
0.00%
TSE:TUGA
TUGA Innovations, Inc.
0.01
0.00
0.00%
TSE:CH
Charbone Hydrogen Corporation
0.06
-0.02
-25.00%

GreenPower Motor Corporate Events

Product-Related AnnouncementsBusiness Operations and Strategy
GreenPower Delivers First Electric School Buses Under EPA Program
Positive
Mar 20, 2025

GreenPower Motor Company has announced the delivery of the first four Type D all-electric BEAST school buses to its West Virginia dealer for the Kanawha County School District. This delivery is part of the EPA’s Clean School Bus Program funded by the Infrastructure Investment and Jobs Act, which aims to deploy 50 GreenPower buses across seven West Virginia school districts. The initiative highlights GreenPower’s commitment to providing safe and sustainable transportation solutions while emphasizing the importance of strategic collaboration with government officials to ensure effective use of taxpayer dollars.

Business Operations and Strategy
GreenPower Motor Announces Annual Stock Option Grants
Positive
Mar 15, 2025

GreenPower Motor Company Inc. has announced its annual stock option grants, distributing a total of 800,000 incentive stock options to its Directors, Officers, Employees, and a Consultant. This move is part of the company’s strategy to incentivize and retain key personnel, with stock options vesting over a period of up to three years. The announcement underscores GreenPower’s commitment to aligning the interests of its stakeholders with the company’s growth and operational goals, potentially enhancing its industry positioning and stakeholder value.

Delistings and Listing ChangesRegulatory Filings and Compliance
GreenPower Motor Faces Nasdaq Compliance Challenge
Negative
Mar 6, 2025

GreenPower Motor Company Inc. has announced an update regarding its investor relations and compliance status with the Nasdaq stock exchange. The company has been working with RedChip Companies, Inc. as an investor relations representative to enhance communication with investors and media. However, GreenPower has received a notice from Nasdaq indicating that its share price has fallen below the minimum required threshold, which could impact its listing status. The company has a 180-day period to regain compliance by meeting the minimum share price requirement, with a potential extension if certain conditions are met.

Business Operations and StrategyFinancial Disclosures
GreenPower Motor Company Reports Strong Q3 Revenue Growth and Operational Expansion
Positive
Feb 15, 2025

GreenPower Motor Company Inc. reported a 35% increase in revenue for the third quarter of fiscal year 2025, reaching $7.2 million, which reflects a strong demand for its all-electric vehicles. The company is scaling its manufacturing operations to capitalize on the industry’s shift toward zero-emission fleet solutions, with plans to consolidate its California operations to enhance efficiency and cost savings. Additionally, GreenPower has strengthened its leadership to support increased production capacity and meet rising demand.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 21, 2025