The Envirotech Vehicles, Inc. (EVTV) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered EVTV. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for EVTV is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
Envirotech Vehicles, Inc. has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Envirotech Vehicles, Inc. will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of EVTV.
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When did it IPO
2017
Staff Count
14
Country
United States
Sector/Industry
Consumer Cyclical/Auto Manufacturers
CEO
Mr. Phillip W. Oldridge
Market Cap
$28.4M
In 2023, EVTV generated $2.9M in revenue, which was a decrease of -36.45% from the previous year. This can be seen as a signal that EVTV's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Envirotech Vehicles, Inc. (NASDAQ:EVTV) will present its annual Chairman's Award in January 2025, recognizing businesses that have positively transformed using its vehicles.
Why It Matters - The establishment of the Envirotech Chairman's Award may enhance brand reputation and customer loyalty, potentially driving sales and positively impacting stock performance for Envirotech Vehicles.
Summary - Envirotech Vehicles, Inc. (NASDAQ:EVTV) announced that Newark Public Library is utilizing two of its electric delivery vans for transportation between libraries, supported by the NJ Zero-Emission Incentive Program.
Why It Matters - Envirotech's electric vans contract with Newark Public Library highlights growing demand for sustainable transport solutions, potentially boosting EVTV's market position and attracting environmentally conscious investors.
Summary - Envirotech Vehicles, Inc. (NASDAQ: EVTV) reported that Sardo Bus & Coach Upholstery is successfully using two of its electric delivery vans in California for their operations.
Why It Matters - Envirotechโs electric vans gaining traction with a reputable client highlights demand growth and potential revenue increases, signaling positive market reception for electric vehicle solutions.
Summary - Envirotech Vehicles, Inc. (NASDAQ:EVTV) has delivered 76 electric vehicles under New Jersey's Zero-Emission Incentive Program, supporting local business owners with sustainable transport solutions.
Why It Matters - Envirotech's delivery of 76 electric vehicles boosts revenue and market presence, signaling growth potential in the green transport sector and enhancing investor confidence in sustainability initiatives.
Summary - Envirotech Vehicles, Inc. (NASDAQ:EVTV) opened a certified maintenance facility in New Jersey to support its 76 vehicles under the NJ ZIP program and future deliveries, highlighting its commitment to local EV owners.
Why It Matters - Envirotech's new maintenance facility in New Jersey enhances operational support for its electric vehicles, potentially boosting sales and customer satisfaction in a growing market for EVs.
Summary - Envirotech Vehicles, Inc. (NASDAQ:EVTV) plans to expand its vehicle offerings under California's HVIP and participate in the ISEF program, submitting paperwork to CARB in December 2024.
Why It Matters - Envirotech's expansion into California's incentive programs signals growth potential and market opportunity in the electric vehicle sector, which could enhance revenue and investor confidence.