GreenPower Motor (NASDAQ:GP) Stock Rating Upgraded by Wall Street Zen

GreenPower Motor (NASDAQ:GP) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently weighed in on GP. BTIG Research restated a “neutral” rating on shares of GreenPower Motor in a research report on Friday, April 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GreenPower Motor has an average rating of “Reduce”.

GreenPower Motor Price Performance

Shares of GP stock opened at $1.52 on Friday. GreenPower Motor has a 1-year low of $0.74 and a 1-year high of $6.42. The company has a market cap of $7.65 million, a price-to-earnings ratio of -0.92 and a beta of 1.69. The stock has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $1.11.

GreenPower Motor (NASDAQ:GP) last released its quarterly earnings results on Wednesday, July 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.20) by $1.09. The company had revenue of $3.85 million during the quarter, compared to analyst estimates of $9.61 million.

Hedge Funds Weigh In On GreenPower Motor

An institutional investor recently bought a new stake in GreenPower Motor stock. DRW Securities LLC bought a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 1.79% of GreenPower Motor at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.69% of the company’s stock.

About GreenPower Motor

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.