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GreenPower Motor (TSE:GPV)
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GreenPower Motor (GPV) AI Stock Analysis

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TSE:GPV

GreenPower Motor

(GPV)

Rating:51Neutral
Price Target:
C$0.50
▼(-13.79% Downside)
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.
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 (GPV) is a leading manufacturer of electric buses and commercial vehicles, focused on providing sustainable transportation solutions. The company operates primarily in the electric vehicle sector, offering a range of products including battery-electric buses, trucks, and vans designed to reduce emissions and promote environmentally friendly transit options. GPV serves various markets, including public transportation, logistics, and commercial sectors, aiming to enhance mobility while addressing climate change challenges.
How the Company Makes MoneyGreenPower Motor generates revenue primarily through the sale of its electric vehicles, including buses and commercial trucks. The company’s revenue model is based on direct sales to municipalities, transit authorities, and corporations that are transitioning to electric fleets. Additionally, GPV may earn income through government incentives and grants aimed at promoting clean energy and electric vehicle adoption. The company also explores partnerships with various stakeholders in the transportation and energy sectors to enhance its market reach and financial performance. Ongoing maintenance and service contracts for its vehicles may provide supplementary revenue streams, contributing to the overall financial stability of the business.

GreenPower Motor Earnings Call Summary

Earnings Call Date:Aug 08, 2025
(Q3-2025)
|
% Change Since: 0.00%|
Next Earnings Date:Nov 18, 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. The income statement shows declining revenue and severe profitability issues, with negative net profit margins. The balance sheet reveals a precarious financial position with negative equity, and cash flow statements indicate poor cash management.
Income Statement
30
Negative
GreenPower Motor has faced declining revenue with a negative growth rate of -3.92% in the most recent year. The company is struggling with profitability, as evidenced by a negative net profit margin of -94.04% and negative EBIT and EBITDA margins. These figures indicate significant challenges in managing costs and achieving profitability.
Balance Sheet
25
Negative
The balance sheet reveals a concerning financial structure with a negative stockholders' equity, resulting in a highly negative debt-to-equity ratio. This suggests potential solvency issues. The return on equity is positive, but this is due to negative equity, which is not a sustainable financial position.
Cash Flow
35
Negative
Cash flow analysis shows negative operating and free cash flows, indicating cash management issues. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow is somewhat aligned with net income, but the overall negative cash flow growth rate of -43.07% is concerning.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue19.85M19.85M39.27M39.70M17.24M11.88M
Gross Profit2.20M2.20M5.36M7.25M3.88M3.58M
EBITDA-14.86M-14.82M-14.93M-12.27M-13.52M-5.80M
Net Income-18.66M-18.66M-18.34M-15.04M-15.01M-7.84M
Balance Sheet
Total Assets35.07M35.07M45.20M63.53M49.61M39.62M
Cash, Cash Equivalents and Short-Term Investments344.24K344.24K1.15M600.40K884.78K15.10M
Total Debt19.93M19.93M16.80M15.75M5.89M1.10M
Total Liabilities36.68M36.68M33.64M35.86M15.22M3.47M
Stockholders Equity-1.61M-1.61M11.57M27.66M34.39M36.15M
Cash Flow
Free Cash Flow-6.07M-6.07M-1.49M-15.11M-20.88M-16.74M
Operating Cash Flow-5.99M-5.99M-1.13M-14.76M-20.34M-16.39M
Investing Cash Flow-83.17K-83.17K-761.53K303.19K-536.09K-352.68K
Financing Cash Flow5.10M5.10M2.32M8.19M12.66M31.52M

GreenPower Motor Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.58
Price Trends
50DMA
0.57
Positive
100DMA
0.61
Negative
200DMA
0.86
Negative
Market Momentum
MACD
<0.01
Positive
RSI
55.01
Neutral
STOCH
60.00
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 0.58 is below the 20-day moving average (MA) of 0.58, above the 50-day MA of 0.57, and below the 200-day MA of 0.86, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.01 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GPV.

GreenPower Motor Risk Analysis

GreenPower Motor disclosed 33 risk factors in its most recent earnings report. GreenPower Motor reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

GreenPower Motor Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
AU$3.11B28.6925.32%4.52%2.39%-30.11%
51
Neutral
C$16.96M-388.48%-47.77%4.58%
47
Neutral
C$8.89M142.15%-20.87%27.29%
44
Neutral
C$12.15M-525.98%-24.60%-11.26%
35
Underperform
C$33.04M-70.10%-2.17%
28
Underperform
$48.25M186.24%54.82%
21
Underperform
$991.84K72.05%69.96%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GPV
GreenPower Motor
0.58
-0.52
-47.27%
TSE:NHHH
FuelPositive Corp.
0.06
<0.01
20.00%
TSE:FHYD
First Hydrogen
0.65
0.25
62.50%
TSE:NXH
Next Hydrogen Solutions Inc
0.49
-0.01
-2.00%
TSE:TUGA
TUGA Innovations, Inc.
0.01
0.00
0.00%
TSE:CH
Charbone Hydrogen Corporation
0.06
-0.01
-14.29%

GreenPower Motor Corporate Events

Product-Related AnnouncementsBusiness Operations and Strategy
GreenPower Secures $5 Million Contract for Electric School Bus Pilot in New Mexico
Positive
Aug 4, 2025

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.

Product-Related AnnouncementsPrivate Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
GreenPower Motor Reports Transformative Fiscal Year 2025 Results
Positive
Jul 31, 2025

GreenPower Motor Company reported its fiscal year 2025 results, highlighting a transformative year influenced by changing federal EV incentives and policies. The company consolidated its California operations to a single facility in Riverside, enhancing efficiency and reducing costs. GreenPower continued manufacturing in West Virginia and delivered school buses across several states, supported by the EPA Clean School Bus Program. The company introduced two new all-electric commercial vehicles, the EV Star Utility Truck and the EV Star REEFER X, expanding its product lineup. Financially, GreenPower generated $19.8 million in revenue, delivered 84 vehicles, and completed share offerings to raise additional capital.

The most recent analyst rating on (TSE:GPV) stock is a Buy with a C$1.65 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Private Placements and FinancingFinancial Disclosures
GreenPower Closes Fifth Tranche of Term Loan and Updates Equity Offering
Neutral
Jul 8, 2025

GreenPower Motor Company Inc. has successfully closed the fifth tranche of its secured term loan offering, raising a total of $250,000. The funds will be used for production costs, supplier payments, payroll, and working capital. The loans, secured against the company’s assets, have a two-year term with a 12% annual interest rate. Additionally, GreenPower issued share purchase warrants and shares as inducements to the lenders, who are related parties. The company also provided a quarterly update on its at-the-market equity offering, raising $97,964 through the issuance of common shares.

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.

Private Placements and FinancingBusiness Operations and Strategy
GreenPower Motor Secures Funding to Boost Operations
Positive
Jun 28, 2025

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.

Private Placements and FinancingBusiness Operations and Strategy
GreenPower Secures Fourth Tranche of Term Loan to Boost Operations
Positive
Jun 27, 2025

GreenPower Motor Company Inc. announced the closing of the fourth tranche of its secured term loan offering, amounting to $200,000, with funds coming from entities associated with the company’s CEO and a director. The proceeds from the loan will be allocated towards production costs, supplier payments, payroll, and working capital. As part of the loan agreement, the company will issue non-transferable share purchase warrants and shares to the lenders, which are considered related party transactions but are exempt from certain regulatory requirements. This financial move 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.

Private Placements and FinancingBusiness Operations and Strategy
GreenPower Secures $300,000 in Third Tranche of Term Loan Offering
Positive
Jun 9, 2025

GreenPower Motor Company has successfully closed the third tranche of its term loan offering, securing a total of $300,000. The funds will be used for production costs, supplier payments, payroll, and working capital. The loans, secured by a general security agreement, bear an interest rate of 12% per annum and have a two-year term. As part of the loan agreement, GreenPower issued share purchase warrants and shares to related parties, exempt from certain regulatory requirements due to their market value. This financial maneuver is expected to bolster GreenPower’s operational capacity and enhance its market positioning 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.

Private Placements and Financing
GreenPower Secures $500,000 in Second Tranche of Loan Offering
Neutral
May 28, 2025

GreenPower Motor Company Inc. has successfully closed the second tranche of its secured term loan offering, amounting to a total of $500,000. The funds will be directed towards production costs, supplier payments, payroll, and working capital. The loan agreements involve companies controlled by the CEO and a Director, with a 12% annual interest rate and a two-year term. Additionally, the company has issued non-transferable share purchase warrants and shares as inducements for the loan, which are considered related party transactions but are exempt from certain regulatory requirements.

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.

Private Placements and FinancingBusiness Operations and Strategy
GreenPower Secures Second Tranche of Term Loan for Operational Expansion
Positive
May 28, 2025

GreenPower Motor Company Inc. announced the second tranche of a secured term loan offering, totaling $500,000, to be closed with companies associated with its CEO and a Director. The funds from the loan will be used for production costs, supplier payments, payroll, and working capital. As part of the loan agreement, the company will issue non-transferable share purchase warrants and shares to the lenders, which are considered related party transactions but are exempt from certain regulatory requirements. This financial move is expected to support GreenPower’s operational needs and enhance its market positioning in the zero-emission 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.

Executive/Board ChangesShareholder Meetings
GreenPower Motor Company Announces AGM Results and Leadership Appointments
Positive
May 24, 2025

GreenPower Motor Company Inc. held its Annual General and Special Meeting, where shareholders elected all management’s director nominees and re-approved the 2022 Equity Incentive Plan. BDO Canada LLP was appointed as the company’s auditors for the next fiscal year. The company’s directors appointed Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary. These appointments and approvals are expected to support GreenPower’s strategic objectives and operational continuity, reinforcing its position in the electric vehicle industry.

The most recent analyst rating on (TSE:GPV) stock is a Buy with a C$2.25 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Private Placements and FinancingBusiness Operations and Strategy
GreenPower Secures Initial $500,000 Term Loan to Boost Operations
Positive
May 16, 2025

GreenPower Motor Company Inc. has successfully closed the first tranche of its secured term loan offering, raising an aggregate principal amount of $500,000. The funds from this loan, secured by a general security agreement on the company’s assets, are intended to support production costs, supplier payments, payroll, and working capital. The loan agreement involves related parties, namely the CEO and a Director of the company, and includes the issuance of share purchase warrants as an inducement. This financial maneuver is expected to bolster GreenPower’s operational capabilities and strengthen its position in the electric vehicle market.

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.

Private Placements and Financing
GreenPower Motor Announces $2 Million Term Loan Offering
Neutral
May 14, 2025

GreenPower Motor Company Inc. announced a term loan offering of up to $2 million, with an initial tranche of $500,000 anticipated to close from companies associated with the CEO and a Director. The loan, which bears a 12% annual interest rate over a two-year term, will be secured by a general security agreement on the company’s assets. The proceeds are intended for production costs, supplier payments, payroll, and working capital. The issuance of loan bonus warrants as an inducement for the loan remains subject to exchange acceptance, and the transaction involves related parties but is exempt from certain regulatory requirements due to its valuation.

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.

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: Aug 06, 2025