VivoPower International (VVPR) AI Stock Analysis

• Market Cap: $43.82M
• Dividend Yield: N/A
• Average Volume (3M): 600.87K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.31
• Revenue Growth: -51.35%
• EPS Growth: -103.78%
• Country: US
• Employees: 92
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): N/A
• Shares Outstanding: 16,790,245
• 10 Day Avg. Volume: 528,893
• 30 Day Avg. Volume: 600,867
• PEG Ratio: 0.02
• Price to Book (P/B): 1.35
• Price to Sales (P/S): 444.03
• P/FCF Ratio: -4.02
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 858.00
• Enterprise Value/Gross Profit: -103.43
• Enterprise Value/Ebitda: -5.74
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $2.50 ▼(-12.59% Downside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

Overall score is driven primarily by very weak financial performance (losses, leverage, and negative cash generation). Technicals provide only modest support with near-term strength but a longer-term downtrend and weak MACD. Valuation is difficult to justify given ongoing losses and no dividend yield.

Positive Factors

Secured $30M strategic PIPE

The $30M PIPE from institutional and sovereign investors provides durable non-operating capital to scale high-performance AI data center projects. This strengthens near-term funding visibility, reduces immediate refinancing pressure, and signals investor conviction in VivoPower’s infrastructure pivot.

Acquired powered sites and site access

Owning/contracting powered sites and securing grid access are hard-to-replicate assets for sovereign-grade AI compute. These infrastructure footholds materially de-risk project delivery, shorten time-to-market for capacity, and underpin long-term revenue from hosted compute and sovereign partnerships.

EV commercial partnership strengthens distribution

The Tembo–HMBEV alliance provides validated market channels, trials, and customer education in Australia’s large light utility pickup market. That strengthens commercial fleet sales infrastructure, boosts adoption prospects for Tusker, and creates a repeatable revenue channel for the EV arm.

Negative Factors

High leverage and equity volatility

Significant leverage and episodes of negative equity constrain financial flexibility and increase refinancing and covenant risk. For capital-intensive builds like AI data centers and EV manufacturing, elevated debt levels can limit the company’s ability to fund projects organically and raise costs of capital.

Negative operating and free cash flow

Persistent negative operating and free cash flows indicate the core business struggles to convert activity into cash. That raises reliance on external financing for capex and working capital, increasing execution risk for multi-year infrastructure projects and exposing the company to funding cycles.

Revenue volatility and sustained losses

Material revenue declines and consistently negative gross and net margins point to structural profitability challenges. Without improved unit economics or scale efficiencies, expanding capital-intensive lines (AI compute, EVs) may not produce sustainable profits, limiting long-term value creation.

VivoPower International Business Overview & Revenue Model

Company Description

VivoPower International (VVPR) is a sustainable energy solutions company focused on providing innovative products and services in the electric vehicle (EV) and renewable energy sectors. The company specializes in the development, manufacturing, and distribution of electric vehicles, including commercial fleet solutions, as well as energy services that support the transition to clean energy. VivoPower's core offerings encompass electric vehicle production, battery storage solutions, and solar energy projects, aimed at enhancing sustainability for businesses and communities.

How the Company Makes Money

VivoPower generates revenue through multiple streams, primarily from the sale of electric vehicles and related components, including battery systems and charging infrastructure. The company also earns income from energy services, such as solar power installations and maintenance contracts. Additionally, strategic partnerships with other companies in the renewable energy and automotive sectors enhance its market reach and operational capabilities, contributing to revenue growth. Contracts with commercial clients for fleet electrification and energy efficiency solutions provide a consistent revenue base, while ongoing investments in research and development help expand its product offerings and market presence.

VivoPower International Financial Statement Overview

Summary

Very weak fundamentals: revenue volatility/declines, persistently negative gross and net margins, high leverage with periods of negative equity, and negative operating/free cash flow indicating liquidity and sustainability risk.

Income Statement

VivoPower International has experienced significant revenue volatility, with a notable decline in revenue over the past years. The company has consistently reported negative profit margins, indicating ongoing operational challenges. The gross profit margin has been negative in recent years, and the net profit margin is deeply negative, reflecting substantial losses. These factors suggest a struggling income statement with limited profitability.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating significant leverage, which poses a financial risk. Stockholders' equity has fluctuated, with periods of negative equity, highlighting financial instability. The return on equity is negative, reflecting ongoing losses. Overall, the balance sheet suggests financial strain and high leverage, which could impact future growth.

Cash Flow

Cash flow analysis reveals negative operating cash flow, indicating challenges in generating cash from operations. Free cash flow has also been negative, although there has been some improvement in recent periods. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income into cash. These factors highlight cash flow challenges and potential liquidity issues.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	61.00K	16.00K	4.05M	22.45M	23.98M
Gross Profit	-506.00K	43.00K	-2.22M	259.00K	4.36M
EBITDA	-9.11M	-37.68M	-13.87M	-12.25M	-3.98M
Net Income	-12.79M	-46.70M	-20.10M	-22.05M	-7.57M
Balance Sheet
Total Assets	97.13M	37.43M	61.40M	69.66M	76.51M
Cash, Cash Equivalents and Short-Term Investments	251.00K	199.00K	553.00K	1.28M	8.60M
Total Debt	29.19M	29.09M	32.40M	28.56M	23.09M
Total Liabilities	77.02M	77.97M	57.70M	47.69M	36.09M
Stockholders Equity	20.10M	-40.54M	3.75M	21.97M	40.42M
Cash Flow
Free Cash Flow	-6.73M	-3.10M	-13.44M	-10.55M	-16.31M
Operating Cash Flow	-5.75M	1.49M	-8.55M	-5.13M	-15.38M
Investing Cash Flow	-3.23M	-4.57M	-1.92M	-5.34M	-2.68M
Financing Cash Flow	8.84M	2.72M	6.69M	3.56M	23.54M

VivoPower International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.86
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VVPR, the sentiment is Positive. The current price of 2.86 is above the 20-day moving average (MA) of 1.99, above the 50-day MA of 2.34, and below the 200-day MA of 4.05, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 60.33 is Neutral, neither overbought nor oversold. The STOCH value of 65.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VVPR.

VivoPower International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPRU	62 Neutral	$76.85M	-3.00	-18.23%	―	37.59%	72.94%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TURB	54 Neutral	$7.60M	-3.99	-99.17%	―	-5.74%	54.80%
SMXT	47 Neutral	$37.35M	-3.58	―	―	76.60%	70.94%
VVPR	46 Neutral	$43.82M	-0.42	―	―	-51.35%	-103.78%
BEEM	42 Neutral	$28.92M	-0.85	-80.33%	―	-54.56%	-133.60%
MAXN	42 Neutral	$43.26M	-0.01	―	―	-54.68%	63.56%

VivoPower International Corporate Events

VivoPower Reshapes Leadership Team as It Deepens Push into Sovereign AI Data Centers

On February 19, 2026, VivoPower International announced executive leadership changes as it sharpens its strategic focus on powered land and AI-oriented data center infrastructure. The company has recently acquired 291MW of powered sites in Finland, secured site and power access for a 25MW data center platform in the United Arab Emirates, completed a $30 million PIPE financing, and agreed to transfer its digital asset treasury business to Korean partners.

As part of this shift, Chief Financial Officer David Mansfield, Chief Technology Officer Keith Loose, and Company Secretary Gary Challinor will depart the business. The board said it is reinforcing VivoPower’s governance and leadership bench with specialists in data center and AI infrastructure as it advances a sovereign-powered AI data center platform, a move that underscores its ambition to deepen its role as an infrastructure partner to sovereign customers.

The most recent analyst rating on (VVPR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Raises $30 Million PIPE to Boost Sovereign AI Data Center Push

On February 12, 2026, VivoPower International announced it had closed a $30 million strategic private investment in public equity structured as convertible preference shares, carrying a $6.80 per share conversion price and a 6% annual payment-in-kind coupon. The financing round drew participation from New York-based Blue Sky Capital, sovereign family offices from the Gulf Cooperation Council region, and VivoPower’s chairman, underscoring investor confidence in the company’s sovereign AI data center strategy.

The company said the capital will be used primarily to scale its high-performance AI data center portfolio and support general working capital needs. By securing funding at a premium conversion price from investors experienced in AI infrastructure, VivoPower strengthens its position in the rapidly intensifying global race to build energy-secured, sovereign-grade AI compute capacity for national governments and large-scale cloud customers.

The most recent analyst rating on (VVPR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Finalizes KWeather Deal to Exit Digital Assets and Refocus on AI Data Centers

On 5 February 2026, VivoPower International announced it had completed a definitive agreement with South Korea’s Kweather Co. under which Kweather will acquire the economic rights to part of VivoPower’s holdings in Ripple Labs shares, in exchange for a 20% equity stake in Kweather valued at $4.3 million. The remaining Ripple Labs shares will be economically acquired by South Korea-based Lean Ventures under a previously announced partnership, providing VivoPower with a structured, market-value exit from its digital asset portfolio without any realized or unrealized losses, and enabling the company to recycle capital and profits to accelerate the build-out of its core data center infrastructure business for AI compute applications.

The most recent analyst rating on (VVPR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Ends ATM Equity Program After Cash Flow Review

On February 2, 2026, VivoPower International PLC announced that it has terminated its at-the-market (ATM) equity offering agreement with Chardan Capital Markets, originally signed on December 23, 2025, and confirmed that no further ordinary shares will be issued or sold under this facility. The board’s decision followed a review of operating cash flow, capital requirements, alternative non-dilutive funding options at project or asset level, and prevailing market conditions, with management concluding that projected operating cash flows and other economically non-dilutive funding sources are sufficient, underscoring a strategy of disciplined capital allocation and a preference for avoiding dilutive equity raisings where possible.

The most recent analyst rating on (VVPR) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Shareholders Back Capital and Governance Overhaul at January 30 EGM

On January 30, 2026, VivoPower International PLC reported that shareholders at an extraordinary general meeting overwhelmingly approved all six resolutions proposed, each receiving at least 93% of votes cast. The measures authorize directors to issue ordinary and convertible shares, remove statutory pre-emption rights for certain equity issuances, adopt a dual-class share structure including a new class of convertible preferred shares, raise the share cap under the company’s Omnibus Incentive Plan 2017 from 10% to 15%, and give the board flexibility to adjust director and executive pay to market benchmarks, collectively modernizing VivoPower’s capital structure and incentives to support its growth plans and talent retention.

The most recent analyst rating on (VVPR) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Ends $18 Million At-the-Market Equity Offering Agreement

On January 29, 2026, VivoPower International PLC announced that it has terminated, in accordance with its terms, its at-the-market equity offering agreement dated December 23, 2025 with Chardan Capital Markets, LLC, which had allowed the company to issue ordinary shares with an aggregate sale price of up to $18 million under an effective Form F-3 shelf registration. As a result of this action, the at-the-market facility is no longer available and no further ordinary share sales will occur under that agreement, signaling that this particular avenue for incremental equity issuance has been closed for the company, with potential implications for how VivoPower may structure future capital-raising activities and manage shareholder dilution.

The most recent analyst rating on (VVPR) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower’s Tembo Strikes EV Fleet Partnership in US$11bn Australian Utility Market

On January 16, 2026, VivoPower International announced that its electric vehicle subsidiary Tembo e-LV entered a strategic partnership with Australian EV consultancy Help Me Buy an EV to support the commercial rollout of Tembo’s Tusker electric utility vehicle in Australia’s roughly US$11 billion light utility pickup market. The alliance gives Tembo a high-visibility route to business, government and commercial fleet customers via HMBEV’s education, trial and engagement programs, bolstering third‑party validation of the Tusker’s rugged, zero‑emission capabilities and strengthening Tembo’s sales network in a key market as it advances toward a potential spin‑off and public listing with an implied US$838 million valuation.

The most recent analyst rating on (VVPR) stock is a Sell with a $3.00 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Sets Up $11.4 Million At-the-Market Equity Program With Chardan

On December 23, 2025, VivoPower International PLC entered into an Equity Distribution Agreement with Chardan Capital Markets, allowing the company to sell up to $11.4 million of its $0.12 nominal value ordinary shares from time to time through at-the-market transactions on Nasdaq or other existing trading venues, and, if authorized, via negotiated deals. The arrangement, disclosed in a December 29, 2025 filing, gives VivoPower flexible access to additional equity capital without obligating it to issue shares, while setting a 3% commission for the sales agent and standard termination, indemnification and expense-reimbursement terms, underscoring the company’s continued use of shelf registrations and ATM facilities to support its financing needs and balance sheet.

The most recent analyst rating on (VVPR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.

VivoPower Approves Key Resolutions at Annual General Meeting

On December 15, 2025, VivoPower International PLC held its annual general meeting where shareholders approved five ordinary resolutions, including the re-election of Kevin Chin as a director for an additional three years. The meeting was adjourned before addressing further resolutions related to share capital and other corporate governance matters, indicating a strategic pause in decision-making on these issues.

The most recent analyst rating on (VVPR) stock is a Sell with a $4.00 price target. To see the full list of analyst forecasts on VivoPower International stock, see the VVPR Stock Forecast page.