Published on 19 Jul 2023 on Zacks via Yahoo Finance
GreenPower Motor Company Inc. (GP) Surges 10.4%: Is This an Indication of Further Gains?
GreenPower Motor Company Inc. (GP) shares ended the last trading session 10.4% higher at $5.54. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 80.6% gain over the past four weeks.
Shares got a boost after the company reported record-setting revenues and deliveries for the fiscal fourth quarter 2023. Quarterly revenues more than tripled from the year-ago period to $15.3 million. GreenPower delivered a total of 123 vehicles during the quarter under review, predominantly consisting of EV Star Cab and Chassis, EV Star Cargoes, EV Stars, and Nano BEAST Type A school buses.
This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of +52.6%. Revenues are expected to be $17.07 million, up 343.4% from the year-ago quarter.