|Bid||12.21 x 1000|
|Ask||13.01 x 1100|
|Day's Range||12.25 - 13.01|
|52 Week Range||12.08 - 34.45|
|Beta (5Y Monthly)||3.63|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Canadian electric bus maker GreenPower Motor (NASDAQ: GP) said on Nov. 12 that its revenue jumped 57% in the quarter that ended on Sept. 30, to $4.44 million, as it began deliveries of its new electric school bus in California. For that quarter, which was the second quarter of GreenPower's 2022 fiscal year, the company posted a net loss of $2.74 million, or $0.12 per share. GreenPower is a small-scale manufacturer of electric buses and vans, ranging from small airport shuttles and commercial vans to full-size urban buses.
Roth Capital analyst Craig Irwin downgraded GreenPower Motor Company Inc (NASDAQ: GP) to Neutral from Buy with a price target of $13, down from $32, implying a 7% downside. The analyst expects continued margin pressure, mainly due to the recent drop in CA-HVIP subsidy rates, such as for the EVStars where the cut was from $80,000 to $60,000. Irwin added that CA-HVIP voucher sizes are expected to be cut again in early 2023, so headwinds likely pose a longer-term challenge. The analyst said he woul
ARDS, CNNE, EXK, GP, and IFF have been added to the Zacks Rank #5 (Strong Sell) List on November 15, 2021.