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

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TSE:GPV

GreenPower Motor

(GPV)

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Underperform 37 (OpenAI - 4o)
Rating:37Underperform
Price Target:
C$2.50
▼(-40.90% Downside)
GreenPower Motor's stock is rated poorly due to significant financial challenges, bearish technical indicators, and unfavorable valuation metrics. The company's declining revenue, negative profitability, and poor cash management are major concerns. Additionally, the stock's technical indicators suggest a strong bearish trend, and the negative P/E ratio highlights the lack of profitability. Without any positive earnings call insights or corporate events to offset these issues, the stock's outlook remains negative.
Positive Factors
Strategic Partnerships
Partnerships with infrastructure and tech firms can enhance revenue potential through bundled sales and joint marketing, supporting long-term growth.
Government Incentives
Eligibility for substantial government incentives can boost sales and adoption of GreenPower's EVs, providing a competitive edge in the market.
New Product Launch
Launching new electric school bus models expands product offerings and taps into the growing demand for sustainable school transportation solutions.
Negative Factors
Declining Revenue
Consistent revenue decline indicates challenges in market demand or competitive positioning, impacting long-term financial health and growth potential.
Negative Profit Margins
Severe negative profit margins highlight cost management issues and threaten the company's ability to achieve sustainable profitability.
Negative Cash Flow
Persistent negative cash flow suggests poor cash management, limiting the company's ability to invest in growth and meet financial obligations.

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 vehicles (EVs) focused on providing sustainable transportation solutions. The company operates primarily in the commercial vehicle sector, offering a range of electric buses, trucks, and vans designed for urban and suburban applications. GPV aims to reduce carbon emissions and enhance energy efficiency through its innovative EV technology, serving municipalities, commercial fleets, and transit agencies across North America.
How the Company Makes MoneyGreenPower Motor generates revenue through the sale of its electric vehicles, including buses, trucks, and vans. The company's primary revenue streams include direct vehicle sales to government entities, transit agencies, and commercial fleets. Additionally, GPV may earn income from service and maintenance contracts for its vehicles, as well as from parts sales. Strategic partnerships with other industry players, such as charging infrastructure providers and technology firms, may also enhance its revenue potential by enabling bundled sales or joint marketing efforts. Furthermore, government incentives and grants for electric vehicle adoption contribute to the financial viability of its sales.

GreenPower Motor Earnings Call Summary

Earnings Call Date:Feb 14, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth and gross profit improvement driven by increased demand for electric school buses and operational efficiencies. However, challenges such as the performance of the truck body division, federal funding uncertainties, and increased SG&A expenses were noted.
Q3-2025 Updates
Positive Updates
Revenue Growth
GreenPower Motor Company generated revenue of $7.2 million, a 35% increase over the previous quarter.
Gross Profit Improvement
The company reported a gross profit of approximately $1.05 million or 14.6% of revenues, indicating improvement from prior quarters.
School Bus Demand
There is increasing demand for electric school buses, driven by health concerns and driver preferences. GreenPower is positioned to meet this demand with its BEAST and Nano BEAST models.
Operational Expansion
GreenPower is consolidating its California operations into one larger facility, which is expected to lead to cost savings and increased efficiency.
Increased Production Capacity
The West Virginia facility is increasing output, with plans to produce one BEAST per week, scaling up to two units per week by April.
Negative Updates
Truck Body Division Challenges
The truck body division faced lower-than-target gross profit margins due to market overcapacity and lower demand.
Federal Funding Uncertainty
Uncertainty in federal funding programs, such as the Clean School Bus Program, affecting contract execution and financial planning.
Increased SG&A Expenses
Sales, general, and administrative expenses increased by $700,000 sequentially, primarily due to increased headcount.
Company Guidance
During GreenPower Motor Company's third-quarter earnings call, a number of key metrics and updates were provided. The company reported a revenue of $7.2 million, marking a 35% increase over the prior quarter, with a gross profit of approximately $1.05 million or 14.6% of revenues. This improvement was largely driven by sales of 13 BEAST Type D all-electric school buses, one Nano BEAST Type A school bus, and 14 EV Star model vehicles. GreenPower also highlighted its efforts to increase production output from its West Virginia facility, aiming for one BEAST per week, with plans to scale to two units per week by April. Additionally, they are consolidating their California operations into a single facility to enhance efficiency, which is anticipated to contribute to lower general and administrative expenses and improved gross profit margins over time. The company continues to leverage its EDC revolving credit facility and EDC-backed letters of credit to fund production, with $1.2 million in available liquidity and $3.9 million in capacity for additional letters of credit. Furthermore, GreenPower raised $3 million in an underwritten offering to support the production of all-electric vehicles and product development. The call also discussed the increasing demand for electric school buses, driven by health concerns and driver shortages, and the company's strategic focus on vehicle-to-grid options to enhance grid stability.

GreenPower Motor Financial Statement Overview

Summary
GreenPower Motor is facing significant financial challenges across all verticals. The income statement shows declining revenue and severe profitability issues. The balance sheet highlights a precarious financial position with negative equity, while cash flow statements indicate poor cash management. The company needs to address these issues to improve its financial health and sustainability.
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 Revenue18.40M19.85M39.27M39.70M17.24M11.88M
Gross Profit2.34M2.20M5.36M7.25M3.88M3.58M
EBITDA-13.60M-14.82M-14.93M-12.27M-13.52M-5.80M
Net Income-17.44M-18.66M-18.34M-15.04M-15.01M-7.84M
Balance Sheet
Total Assets33.33M35.07M45.20M63.53M49.61M39.62M
Cash, Cash Equivalents and Short-Term Investments248.18K344.24K1.15M600.40K884.78K15.10M
Total Debt20.97M19.93M16.80M15.75M5.89M1.10M
Total Liabilities38.51M36.68M33.64M35.86M15.22M3.47M
Stockholders Equity-5.18M-1.61M11.57M27.66M34.39M36.15M
Cash Flow
Free Cash Flow-4.22M-6.07M-1.49M-15.11M-20.88M-16.74M
Operating Cash Flow-4.18M-5.99M-1.13M-14.76M-20.34M-16.39M
Investing Cash Flow-37.28K-83.17K-761.53K303.19K-536.09K-352.68K
Financing Cash Flow3.74M5.10M2.32M8.19M12.66M31.52M

GreenPower Motor Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.23
Price Trends
50DMA
4.15
Negative
100DMA
4.91
Negative
200DMA
6.14
Negative
Market Momentum
MACD
-0.61
Positive
RSI
21.41
Positive
STOCH
6.14
Positive
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 4.23 is above the 20-day moving average (MA) of 3.36, above the 50-day MA of 4.15, and below the 200-day MA of 6.14, indicating a bearish trend. The MACD of -0.61 indicates Positive momentum. The RSI at 21.41 is Positive, neither overbought nor oversold. The STOCH value of 6.14 is Positive, 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
48
Neutral
C$23.11M-4.91-49.80%22.32%
41
Neutral
C$13.75M-1.11-57.69%4.44%
37
Underperform
C$6.88M-25.73%31.80%
35
Underperform
C$33.04M-2.32-67.64%-8.37%
28
Underperform
$33.31M-7.1154.31%
21
Underperform
$991.84K-1.4369.96%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:GPV
GreenPower Motor
2.09
-9.81
-82.44%
TSE:NHHH
FuelPositive Corp.
0.06
0.02
57.14%
TSE:FHYD
First Hydrogen
0.45
0.08
21.62%
TSE:NXH
Next Hydrogen Solutions Inc
0.73
0.33
82.50%
TSE:TUGA
TUGA Innovations, Inc.
0.01
0.00
0.00%
TSE:CH
Charbone Hydrogen Corporation
0.13
0.07
116.67%

GreenPower Motor Corporate Events

Business Operations and StrategyDelistings and Listing Changes
GreenPower Motor to Voluntarily Delist from TSX Venture Exchange
Neutral
Nov 5, 2025

GreenPower Motor Company Inc. has announced its decision to voluntarily delist its common shares from the TSX Venture Exchange, effective November 14, 2025. This strategic move is aimed at addressing low trading volumes on the Exchange, which accounted for less than 2% of the company’s trading volumes on NASDAQ, and reducing regulatory and compliance costs. The decision is part of GreenPower’s broader strategy to streamline operations and focus on markets that offer greater shareholder value. Shareholders will not be affected in terms of share ownership, as the company will maintain its NASDAQ listing and continue to comply with Canadian securities laws. GreenPower remains committed to delivering long-term value and optimizing its operations for sustainable growth.

The most recent analyst rating on (TSE:GPV) stock is a Sell with a C$3.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
GreenPower’s EV Star Vehicles Eligible for $130,000 Incentives Under ISEF Program
Positive
Oct 6, 2025

GreenPower Motor Company announced that its EV Star line of vehicles is eligible for up to $130,000 in incentives under California’s Innovative Small E-Fleet (ISEF) program, which reopens with $30.5 million in available incentives. This opportunity allows small fleet operators to cover up to 90% of the cost of new zero-emission vehicles, enhancing GreenPower’s market positioning by making its all-electric, zero-emission vehicles more accessible to small businesses. The announcement highlights GreenPower’s commitment to providing a diverse range of commercial electric vehicles and underscores the urgency for stakeholders to act quickly as these funds are limited and available on a first-come, first-served basis.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

GreenPower Launches Electric School Bus Pilot in New Mexico
Oct 2, 2025

On September 29, 2025, GreenPower Motor Company Inc. announced the launch of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project. This two-year initiative, in collaboration with the New Mexico Economic Development Department, will deploy all-electric school buses in Las Vegas and Santa Fe schools to evaluate their performance and viability. Supported by a $5 million capital outlay from the state, the project aligns with New Mexico’s Energy Transition Act, aiming for a zero-carbon electricity supply by 2045. The pilot will provide insights into the buses’ range, charging needs, and community acceptance, potentially leading to further investments in electric transportation.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
GreenPower Launches All-Electric School Bus Pilot in New Mexico
Positive
Sep 29, 2025

GreenPower Motor Company, in collaboration with the New Mexico Economic Development Department, has launched a two-year pilot project to deploy all-electric, zero-emission school buses in New Mexico. This initiative, part of the state’s Energy Transition Act, aims to transition towards a 100% zero-carbon electricity supply by 2045. The project will involve the deployment of GreenPower’s Type A Nano BEAST and Type D BEAST school buses, with the state providing $5 million in funding and potentially more if the pilot succeeds. The project will assess the viability of fast charging and the integration of electric buses into school fleets, with data collection on various performance metrics.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

GreenPower Motor Resumes Trading on TSX Venture Exchange
Sep 3, 2025

On September 3, 2025, GreenPower Motor Company announced the reinstatement of its trading on the TSX Venture Exchange following the completion of a review of its annual filings. The reinstatement comes after the British Columbia and Ontario Securities Commissions revoked a cease trade order issued due to GreenPower’s failure to file its audited financial statements by the June 30, 2025 deadline. The company has also entered into a revolving loan facility with a credit limit of up to $5 million, which is under review by the Exchange. Additionally, GreenPower disclosed several loans with related parties, highlighting financial activities and obligations that could impact its future operations.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

GreenPower Faces Potential Nasdaq Delisting Amid Compliance Issues
Aug 29, 2025

On August 27, 2025, GreenPower Motor Company Inc. received a determination letter from Nasdaq, indicating non-compliance with Nasdaq Listing Rules due to its stock price falling below $1 per share for 30 consecutive business days. The company was given until August 26, 2025, to regain compliance but failed to do so. As a result, GreenPower’s shares are scheduled for delisting from Nasdaq unless an appeal is filed by September 3, 2025. The company plans to appeal and is working to meet Nasdaq’s requirements. If delisted, GreenPower expects its shares to trade on the OTC Markets Group in the U.S. and continue on the TSX Venture Exchange in Canada.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Delistings and Listing ChangesStock Split
GreenPower Motor Delays Share Consolidation Date
Neutral
Aug 27, 2025

GreenPower Motor Company Inc. has announced a delay in the implementation of its share consolidation plan, shifting the effective date from August 28, 2025, to September 8, 2025. This decision is contingent upon receiving the necessary approvals from the Nasdaq Stock Exchange, which may impact the company’s stock structure and investor relations.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Delistings and Listing ChangesStock Split
GreenPower Motor Announces Share Consolidation Effective Date
Neutral
Aug 25, 2025

GreenPower Motor Company Inc. announced the approval of a share consolidation by the TSX Venture Exchange, which will take effect on August 28, 2025. This consolidation will reduce the total number of outstanding shares from 30,462,084 to 3,046,229, with adjustments for rounding. The move is expected to streamline the company’s share structure, potentially enhancing market perception and operational efficiency.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
GreenPower Motor Proposes Share Consolidation Amid Nasdaq Compliance Efforts
Negative
Aug 21, 2025

GreenPower Motor Company Inc. has announced a proposed consolidation of its common shares, aiming to convert every ten existing shares into one new share. This move is intended to comply with Nasdaq’s minimum bid price requirement of $1 per share. The consolidation, which awaits approval from the TSX Venture Exchange, will significantly reduce the number of outstanding shares. Additionally, GreenPower has received a notice from Nasdaq regarding non-compliance with the minimum stockholders’ equity requirement, giving the company until September 29, 2025, to present a compliance plan. The outcome of these actions could impact GreenPower’s market positioning and its continued listing on Nasdaq.

The most recent analyst rating on (TSE:GPV) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the TSE:GPV Stock Forecast page.

GreenPower Motor Reports Q2 2025 Financial Results
Aug 18, 2025

GreenPower Motor Company Inc. released its financial statements for the quarter ending June 30, 2025, revealing a decrease in revenue to $1.55 million from $2.99 million in the same period last year. The company reported a comprehensive loss of $4.16 million, which is an improvement from the $5.39 million loss in the previous year, indicating efforts to manage costs and improve operational efficiency.

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.

GreenPower Secures $5M Contract for New Mexico Electric School Bus Pilot
Aug 8, 2025

On August 4, 2025, GreenPower Motor Company announced a contract with the state of New Mexico for an all-electric school bus pilot project valued at over $5 million. The two-year project will deploy six GreenPower school buses across the state, with the first batch ready by mid-September 2025. This initiative aims to expand GreenPower’s zero-emission school bus reach and evaluate charging infrastructure, potentially impacting the company’s market position and contributing to reduced transportation emissions in New Mexico.

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.

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: Nov 08, 2025