GP

GreenPower Motor Company Inc

Industrial/Transportation


Presented:12/04/2020
Price:$18.55
Cap:$0.24B
Current Price:$1.29
Cap:$0.03B

Presented

Date12/04/2020
Price$18.55
Market Cap$0.24B
Ent Value$0.33B
P/E RatioN/A
Book Value$1.83
Div Yield0%
Shares O/S12.67M
Ave Daily Vol1,047,950
Short IntN/A

Current

Price$1.29
Market Cap$0.03B
GreenPower Motor Co., Inc. engages in the design, manufacture, and distribution of electric powered vehicles for commercial markets. It offers electric-powered school buses, vans, charter buses, and double-deckers. The company was founded by Fraser Atkinson and Phillip W. Oldridge on March 30, 2010 and is headquartered in Vancouver, Canada.

Publicly traded companies mentioned herein: BYD Co Ltd (1211 HK), GreenPower Motor Co Inc (GP), Nasdaq Inc (NDAQ), Tesla Inc (TSLA), TMX Group Ltd (X CN)

Highlights

The presenter is long shares of GreenPower Motor Co Inc (GP). GP produces purpose-built EV school and transit buses and he believes the company is in the best position to gain share as Biden’s policy seeks to convert diesel school buses into electric ones. While still a small company (~$10M in 2020 revenue), he believes it has a long runway to generate meaningful wins that should allow them to drive substantial revenue growth, and gains comfort in the opportunity given the company raised $37MM coincident with a recent move from the Toronto Stock Exchange to the Nasdaq in late August. 

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Idea Discussion

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