LOS ANGELES - GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV), a manufacturer of zero-emission electric vehicles, has announced the appointment of industry veteran Paul Start as its Vice President of Sales for the School Bus Group. Start's role will focus on expanding sales and managing dealer relationships for GreenPower's lineup of electric school buses.
Bringing over three decades of experience in the school bus sector, Start previously held a position at Thomas Built Buses as Dealer Development Manager and has a background with Macnab Transit Sales Corp. His expertise is expected to bolster GreenPower's sales efforts and support the company's growth in the electric vehicle (EV) market.
GreenPower President Brendan Riley expressed confidence in Start's ability to enhance the company's sales infrastructure and meet increasing demand for their electric school buses. Start himself is eager to contribute to GreenPower's leadership in the EV school bus sector, emphasizing the importance of trust and value in sales and customer relationships.
The company's school bus offerings include the Type D BEAST and Mega BEAST, as well as the Type A Nano BEAST and Nano BEAST Access. These vehicles are designed with a focus on zero-emission transportation and feature high-capacity battery packs for extended range. The Mega BEAST, in particular, boasts the largest battery pack in the school bus market, according to the company's statement.
GreenPower's commitment to zero-emission transportation aligns with broader industry trends towards sustainable and environmentally friendly public transportation solutions. The company's all-electric buses are part of a growing movement to reduce carbon emissions and improve air quality in school districts and communities.
The information provided in this article is based on a press release statement from GreenPower Motor Company Inc.
InvestingPro Insights
As GreenPower Motor Company Inc. (NASDAQ: GP) continues to expand its presence in the zero-emission electric vehicle market, recent data from InvestingPro shows a mixed financial landscape for the company. With a market capitalization of $43.31 million, GreenPower is navigating the competitive EV space with a focus on innovation and sustainability. Despite the challenges, the company's revenue has seen a significant increase, with a 72.38% growth in the last twelve months as of Q3 2024. However, it is important to note that this growth is coupled with a quarterly revenue decline of 36.28% in Q1 2024, reflecting the volatile nature of the industry.
InvestingPro Tips highlight that GreenPower's stock price has been volatile and the company is trading near its 52-week low, which could present an opportunity for investors who believe in the long-term prospects of the EV market and GreenPower's strategic initiatives. Additionally, while analysts do not expect the company to be profitable this year, GreenPower's liquid assets do exceed its short-term obligations, suggesting a level of financial resilience.
The company's P/E ratio stands at -2.68, indicating that it has not been profitable over the last twelve months. This is corroborated by an operating income margin of -28.25% for the same period. The stock has also seen a significant price drop over the last three months, declining by 37.37%, and over the last six months, the total price return has decreased by 37.59%. GreenPower does not pay a dividend, which might be a consideration for income-focused investors.
For those looking to delve deeper into GreenPower's financials and future prospects, InvestingPro offers additional insights and metrics. There are more InvestingPro Tips available at https://www.investing.com/pro/GP, which can provide valuable context for both current and potential investors. To access these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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