Long Position on GP @ $30.00 on 2/3/2021 (Fundamentals)

GreenPower Motor Company Inc. (GP) develops, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. It offers all-electric transit, school, and charter buses.

GreenPower Motor Company was founded in 2010 with one vision: advancing the adoption of EVs by making battery-electric buses and trucks affordable, durable, and easy for customers to deploy. Their approach is to use a ‘clean sheet’ design to achieve this goal.

GreenPower now offers commercial vehicles for delivery, public transit, schools, vanpooling, micro-transit, shuttles, and the capability of autonomous operation. GreenPower’s corporate headquarters is located in Vancouver, Canada. The company has a sales and administration office in Rancho Cucamonga, CA; US assembly takes place in Porterville, CA (San Joaquin Valley).

This stock should see an increase in share prices as the innovative green van manufacturer continues to spread throughout the market.

Entry point: $30.00

52-week trade range: $8.22 - $34.45

Stop/Loss: $28.50

Target Price: $33.00

Position closed on 4/1/2021 at price of $24.00 with a -20.00% loss in 57 days.

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