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I am seriously considering buying $10K each of Li Auto, Nio & Xpeng Motors (when they list)
Should I wait for the latter 2 to be quarterly profitable before buying in?
Any other thoughts?
So with this speculation about a silicon-anode in Tesla's new batteries, does that diminish the prospects of companies like Novonix that are developing graphite-based anode materials? I imagine it does. Anyone else have thoughts?
OK guys, here's a pretty solid EV manufacturer that has been on fire the last three days (or rather, their stock price has been).
GreenPower Motor Company Inc. (GPVRF in the US or GPV.V in Canada) is listed on the Toronto Venture stock exchange. They make purpose built EV passenger vans, typically 40 or so passengers, so a class 4 vehicle. They also make EV school buses. And they just came out with an EV platform product where they sell to OEMS who can then make cube vans, motorhomes, etc.
Here's their website and latest investor presentation:
Electric Bus | EV Bus | Zero-Emission Bus | EV-Star by GreenPower Bus
https://www.greenpowerbus.com/wp-co...reenpower-Investor-Presentation-June-2020.pdf
A 2 year old review:
EV Star Electric Van’s Looks Belie Its Green Performance
Check out their News section, they have 21(!) pages of press releases. This is a legit company that's been flying under the radar for a while. The most recent three wild days (and the melt up for the past month) was due to them filing a step up listing to be listed on the Nasdaq in addition to the Toronto exchange (see here: GreenPower Motor | IPOScoop).
So, my take on them (obviously you can look at the stock price chart and volume - as I said its been on fire):
These are typical Canadians (I'm from Canada so I know the type ) in that they have been competently plodding along. They've been undercapitalized for years, yet still managed to get 100% revenue growth the last two years. While they've been "public", they've never had much money in the bank, surviving through $1M to $2M private placements every six months or year or so. For most of their history, they've been a penny stock, low volume, stock price under $1 and market cap well below $100M.
But they make real products, and have real sales. They are competent. Based on growing sales, they bought land near Porterville, CA a few years ago to build their US factory to take advantage of Buy USA incentives (something very important for sales to municipalities), and they built that factory and have it churning out buses now.
The only knock I have against them is that they aren't aggressive enough in terms of raising capital and doing step changes in production/sales. Yes, growing 100% per year is nothing to sneeze at, but they could do better with better capitalization. Having said that, they are indeed looking to do their biggest raise to date with a $35M step up IPO on Nasdaq, so maybe now's the time they'll start being more aggressive.
It does look it’s a legit company with growing revenues. Thanks for sharing, any idea why they are up 200% in 3 days? It seems like they reported earnings at least a month ago.
The most recent three wild days (and the melt up for the past month) was due to them filing a step up listing to be listed on the Nasdaq in addition to the Toronto exchange (see here: GreenPower Motor | IPOScoop).
It does look it’s a legit company with growing revenues. Thanks for sharing, any idea why they are up 200% in 3 days? It seems like they reported earnings at least a month ago.
It started going vertical when they most recently refiled their F-1. It must have been filed after market close on the 19th. So on the 20th, it started popping.
EDGAR Search Results
It looks like they've been trying to do this Nasdaq registration since February, so I'm not sure why it caught fire last Thursday, but maybe it's just because this market is crazier now that it was earlier in the year. Or, I am misreading the SEC document trail (always a possibility).
Of the three, Li Auto is the one which sells a PHEV, not a BEV.I am seriously considering buying $10K each of Li Auto, Nio & Xpeng Motors (when they list)
Should I wait for the latter 2 to be quarterly profitable before buying in?
Any other thoughts?
I'm not sure if you know the history of Novonix. But it was spun out of Pr Jeff Dahn's lab at Dalhousie Uni.I would think it does take the shine off Novonix. I've always been leery of companies that make pieces of battery cells and have the latest "great" technology. Battery cell technology is advancing way too rapidly and it is easy for companies to get caught out. It was like that Canadian graphite mine that had that great video (where the CEO was asking Elon to use their graphite as a supplier, NOU.V). It may be that natural graphite gets bypassed entirely going forward, and similarly, Novonix's technology might not matter.
OK guys, here's a pretty solid EV manufacturer that has been on fire the last three days (or rather, their stock price has been).
GreenPower Motor Company Inc. (GPVRF in the US or GPV.V in Canada) is listed on the Toronto Venture stock exchange. They make purpose built EV passenger vans, typically 40 or so passengers, so a class 4 vehicle. They also make EV school buses. And they just came out with an EV platform product where they sell to OEMS who can then make cube vans, motorhomes, etc.
Here's their website and latest investor presentation:
Electric Bus | EV Bus | Zero-Emission Bus | EV-Star by GreenPower Bus
https://www.greenpowerbus.com/wp-co...reenpower-Investor-Presentation-June-2020.pdf
A 2 year old review:
EV Star Electric Van’s Looks Belie Its Green Performance
Check out their News section, they have 21(!) pages of press releases. This is a legit company that's been flying under the radar for a while. The most recent three wild days (and the melt up for the past month) was due to them filing a step up listing to be listed on the Nasdaq in addition to the Toronto exchange (see here: GreenPower Motor | IPOScoop).
So, my take on them (obviously you can look at the stock price chart and volume - as I said its been on fire):
These are typical Canadians (I'm from Canada so I know the type ) in that they have been competently plodding along. They've been undercapitalized for years, yet still managed to get 100% revenue growth the last two years. While they've been "public", they've never had much money in the bank, surviving through $1M to $2M private placements every six months or year or so. For most of their history, they've been a penny stock, low volume, stock price under $1 and market cap well below $100M.
But they make real products, and have real sales. They are competent. Based on growing sales, they bought land near Porterville, CA a few years ago to build their US factory to take advantage of Buy USA incentives (something very important for sales to municipalities), and they built that factory and have it churning out buses now.
The only knock I have against them is that they aren't aggressive enough in terms of raising capital and doing step changes in production/sales. Yes, growing 100% per year is nothing to sneeze at, but they could do better with better capitalization. Having said that, they are indeed looking to do their biggest raise to date with a $35M step up IPO on Nasdaq, so maybe now's the time they'll start being more aggressive.
Here we go, GreenPower Motor is set to do its NASDAQ IPO in one month:
GreenPower Announces Launch of its U.S. Initial Public Offering
The *very* interesting thing about this IPO is that you can buy shares of it right now. It is publicly traded in Canada (GPV.V) and in the US on the OTC exchange (GPVRF). So here you have a chance to buy pre-IPO shares, kinda of. Anyways, once this sports a $20 or so share price (they are doing a 7-1 reverse split) and have a NASDAQ listing, I expect this to climb. I must say, I'm surprised that the shares are trading down slightly on this news.
Disclaimer: I've bought a position in GPVRF.
I would think it does take the shine off Novonix. I've always been leery of companies that make pieces of battery cells and have the latest "great" technology. Battery cell technology is advancing way too rapidly and it is easy for companies to get caught out. It was like that Canadian graphite mine that had that great video (where the CEO was asking Elon to use their graphite as a supplier, NOU.V). It may be that natural graphite gets bypassed entirely going forward, and similarly, Novonix's technology might not matter.
Green Power motor company most likely will become another customer of Novonix's battery materials at some point, Good Luck to them, the EV Van, light truck and pickup market is perfect segment to tap into given the torque characteristics of EVs.Here we go, GreenPower Motor is set to do its NASDAQ IPO in one month:
GreenPower Announces Launch of its U.S. Initial Public Offering
The *very* interesting thing about this IPO is that you can buy shares of it right now. It is publicly traded in Canada (GPV.V) and in the US on the OTC exchange (GPVRF). So here you have a chance to buy pre-IPO shares, kinda of. Anyways, once this sports a $20 or so share price (they are doing a 7-1 reverse split) and have a NASDAQ listing, I expect this to climb. I must say, I'm surprised that the shares are trading down slightly on this news.
Disclaimer: I've bought a position in GPVRF.
So, GreenPower Motor's price has stabilized at a slight discount or equal to anticipated offering price. They announced an offering price at $18-$22/share after the 7-1 reverse stock split. As I type this, it is trading up at $2.60/share (GPVRF), so that equates to 2.6 x 7 = $18.20 per share. The big unknown that the market is discounting right now is whether or not they'll be able to place $35M worth of shares on this when they start the roadshow in a couple of weeks. Personally, I think it is a slam dunk. There are a bunch of mutual funds and other institutional investors that cannot buy GPVRF on the open market right now because it is currently just listed as either a Canadian stock or OTC, neither of which many institutional shareholders can own. Not to mention that buying a $1M or more position right now would push the price around a lot (even at these new volumes, a $1M order is very big for this stock).
My guess is that this stock is oversubscribed and goes out at $22/share, which is equivalent to $3.14 for GPVRF. If I'm right, buying now would net you a 20% gain in a month and then see where it goes from there. If I'm wrong, then this stock will bop around its current price for a while until the company shows it can continue growing at 100% per year or so.
Except for Nikola, the stock prices for other speculative EV manufacturers seems to have calm down a bit (I'm leaving Tesla out of this since they aren't speculative anymore, they are an established growth company). We could be nearing a top of EV hysteria, and things will go back to normal. Maybe.
BTW, anyone else buy GPVRF, or am I alone here?
I did, based on your recommendation.So, GreenPower Motor's price has stabilized at a slight discount or equal to anticipated offering price. They announced an offering price at $18-$22/share after the 7-1 reverse stock split. As I type this, it is trading up at $2.60/share (GPVRF), so that equates to 2.6 x 7 = $18.20 per share. The big unknown that the market is discounting right now is whether or not they'll be able to place $35M worth of shares on this when they start the roadshow in a couple of weeks. Personally, I think it is a slam dunk. There are a bunch of mutual funds and other institutional investors that cannot buy GPVRF on the open market right now because it is currently just listed as either a Canadian stock or OTC, neither of which many institutional shareholders can own. Not to mention that buying a $1M or more position right now would push the price around a lot (even at these new volumes, a $1M order is very big for this stock).
My guess is that this stock is oversubscribed and goes out at $22/share, which is equivalent to $3.14 for GPVRF. If I'm right, buying now would net you a 20% gain in a month and then see where it goes from there. If I'm wrong, then this stock will bop around its current price for a while until the company shows it can continue growing at 100% per year or so.
Except for Nikola, the stock prices for other speculative EV manufacturers seems to have calm down a bit (I'm leaving Tesla out of this since they aren't speculative anymore, they are an established growth company). We could be nearing a top of EV hysteria, and things will go back to normal. Maybe.
BTW, anyone else buy GPVRF, or am I alone here?