GreenPower Motor Q1 Revenues Jump 356% On Strength In Vehicle Deliveries
Portfolio Pulse from Nabaparna Bhattacharya
GreenPower Motor Company Inc. (NASDAQ:GP) reported Q1 FY24 revenue of $17.58 million, a 356% Y/Y increase, beating the consensus of $16.33 million. The company delivered 131 vehicles in Q1, most of which were various models of EV Star and BEAST school buses. GP secured a $15 million order from the state of West Virginia for 41 school buses. GP shares are trading higher by 1.99% at $4.12 premarket.
August 14, 2023 | 1:14 pm
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GreenPower Motor's Q1 FY24 revenue exceeded expectations, driven by strong vehicle deliveries and a significant order from West Virginia. The company's stock is trading higher in premarket.
GreenPower Motor's strong Q1 FY24 revenue, driven by increased vehicle deliveries and a significant order, is a positive signal to investors. This has resulted in a premarket increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100