Why GreenPower Motor Shares Are Trading Higher Today
Portfolio Pulse from Lekha Gupta
GreenPower Motor Company Inc (NASDAQ:GP) reported Q4 FY23 revenue of $15.3 million, a 255% Y/Y increase, beating the consensus of $13.98 million. The company delivered 123 vehicles in Q4, generating a gross profit of $2.3 million. At the end of FY23, GP held $41.6 million in inventory. The company has 42 active orders and 141 signed purchase orders for various EV Star models, and 63 active orders for the BEAST and Nano BEAST school buses. GP shares are trading higher by 21.5% at $4.24 premarket.

July 17, 2023 | 12:58 pm
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GreenPower Motor reported strong Q4 FY23 results, beating revenue consensus. The company's shares are trading higher premarket.
GreenPower Motor's strong Q4 FY23 results and the increase in its share price indicate positive investor sentiment. The company's robust inventory and active orders suggest potential for continued growth, which could further boost its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100