Look, if you’ve been watching the EV space, you know it’s been a wild ride. But GreenPower Motor Company stock is on a level of its own. Just a few days ago, on January 15, 2026, the stock was hovering around $1.16. That sounds like pennies, right? Especially when you consider that this thing has a 52-week high of over $9.00.
Honestly, it’s been a brutal year for long-term holders. We are talking about a market cap that has shriveled to roughly $3.6 million. For a company that builds actual, physical buses, that is a tiny number. It’s basically a nano-cap stock at this point.
The New Mexico Gamble
So, why is everyone suddenly talking about it again this week? Basically, it’s the Santa Teresa news. GreenPower just pulled the trigger on a massive move to New Mexico. They’re setting up a 135,000-square-foot manufacturing facility right by the border.
They aren't just doing it for the scenery. The state of New Mexico is throwing money at them. We're talking about a $5 million LEDA award and another $9.6 million in tax credits and job training funds.
It’s a big bet.
The company says this facility will create 340 jobs and have a $200 million economic impact. But here is the kicker: they don't even take possession of the building until June 2026.
Why GreenPower Motor Company Stock is So Volatile
If you look at the charts from early January 2026, the volatility is enough to give you whiplash. On January 9th alone, the stock shot up over 50% in a single day. Why? Because they announced a $10 million financing deal and those New Mexico incentives.
But don't get too excited just yet.
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The fundamentals are still kind of messy. In their last earnings report (Q2 2026, reported in November 2025), they posted a loss of $1.18 per share. Analysts were actually expecting a much smaller loss. Revenue came in at $2.49 million, which was way behind the $8.57 million the street wanted to see.
- Market Cap: ~$3.6M (down nearly 85% in a year).
- Revenue Miss: $2.49M actual vs $8.57M expected.
- The "Bottom Bounce": Technical traders are calling this a "bottom bounce" because it finally moved above its 20-day moving average.
- Nasdaq Compliance: This is the elephant in the room. The stock has been flirting with delisting territory because the price stayed so low for so long.
The School Bus Catalyst
The real story for GreenPower has always been the electric school bus. That is their bread and butter. They’ve got these EV Star buses that qualify for massive incentives—sometimes up to $130,000 per bus in states like California.
They have a record backlog of orders. The problem hasn't been demand; it’s been getting the buses out the door. They recently secured an $18 million credit facility specifically to help convert that $50 million backlog into actual revenue.
You’ve gotta wonder, though. If they have the orders, why has the stock tanked so hard? Part of it is the "EV winter" we saw in late 2024 and 2025. Investors got tired of waiting for profits. They started demanding actual cash flow, not just "potential."
The Financial Tightrope
Let’s be real. GreenPower is walking a thin line. They have a trailing EPS of -$5.58. That is a lot of bleeding for a company this small.
They are basically surviving on these new financing rounds. The $10 million they secured on January 8th is a lifeline. It keeps the lights on while they try to ramp up production in New Mexico.
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What Most People Get Wrong
Most people think every EV company is the next Tesla or the next Nikola. GreenPower is neither. They aren't trying to build a consumer car that everyone drives. They are building "purpose-built" medium and heavy-duty vehicles.
Think shuttle buses, delivery vans, and those bright green (or yellow) school buses. It's a niche. But it's a niche with a lot of government mandates. New Mexico, for example, wants their entire state fleet to be zero-emission by 2035.
That is a lot of guaranteed business if GreenPower can stay solvent.
The Analyst Divide
Wall Street is split, but mostly leaning toward "stay away" or "sell." One analyst from Weiss Ratings recently reiterated a Sell rating. Meanwhile, some technical platforms like StockInvest have upgraded it to a "Buy Candidate" simply because the short-term momentum shifted so hard in January.
It's a classic battle between the "math people" and the "chart people." The math says the company is losing money fast. The charts say the stock was so oversold that it had nowhere to go but up.
Actionable Steps for Investors
If you are looking at GreenPower Motor Company stock right now, you need a plan that isn't just "hope it goes back to $10."
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First, watch the February 13, 2026 earnings date. That’s the next big hurdle. If they miss revenue again, the January rally will evaporate.
Second, keep an eye on the Nasdaq compliance notices. If they don't keep the price above $1.00, they might have to do a reverse stock split. Those are usually bad news for retail investors because they often lead to more selling pressure.
Third, track the New Mexico facility progress. Any delays in getting that plant running by mid-2026 will be a major red flag.
The risk here is massive. You're playing with a nano-cap stock in a high-interest-rate environment where EV subsidies are always a political football. But if they actually start clearing that $50 million backlog, the current $3.6 million market cap is going to look like a typo.
Watch the volume. If the daily volume stays in the millions, there is still speculative interest. If it dries up, the stock will likely drift back toward its 52-week lows.
Set tight stop-losses. This isn't a "set it and forget it" investment. It's a high-stakes trade on the future of the American yellow school bus.