Vicinity Motor Corp. (VEV)

NASDAQ: VEV · IEX Real-Time Price · USD
1.01
-0.02 (-1.94%)
At close: Sep 29, 2022 4:00 PM
1.02
+0.01 (0.99%)
After-hours: Sep 30, 2022 4:00 PM EDT
-1.94%
Market Cap 40.70M
Revenue (ttm) 7.94M
Net Income (ttm) -12.13M
Shares Out 40.30M
EPS (ttm) -0.36
PE Ratio n/a
Forward PE 6.14
Dividend n/a
Ex-Dividend Date n/a
Volume 13,711
Open 1.13
Previous Close 1.03
Day's Range 1.01 - 1.13
52-Week Range 0.99 - 6.93
Beta 0.71
Analysts Buy
Price Target 2.25 (+122.8%)
Earnings Date Nov 10, 2022

About VEV

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. Vicinity Motor Corp. founded in 2008 and is headquartered in Aldergrove, Canada. [Read more...]

Industry Auto Manufacturers
Founded 2008
CEO Jean-Marc Landry
Employees 60
Stock Exchange NASDAQ
Ticker Symbol VEV
Full Company Profile

Financial Performance

In 2021, Vicinity Motor's revenue was 41.71 million, an increase of 113.30% compared to the previous year's 19.55 million. Losses were -7.32 million, 126.3% more than in 2020.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for VEV stock is "Buy." The 12-month stock price forecast is 2.25, which is an increase of 122.77% from the latest price.

Price Target
$2.25
(122.77% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Vicinity Motor Corp. Issues DSUs

VANCOUVER, BC / ACCESSWIRE / September 30, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today an...

2 days ago - Accesswire

Vicinity Motor Corp. Announces Distribution Agreement with TOK Group for VMC 1200 Class 3 Electric Truck

Leading Canadian Transportation Solutions Provider to Act as Dealer for VMC in York Region of the Greater Toronto Area VANCOUVER, BC / ACCESSWIRE / August 16, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (T...

1 month ago - Accesswire

Vicinity Motor Corp. Reports Second Quarter 2022 Financial Results

VANCOUVER, BC / ACCESSWIRE / August 15, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today repor...

1 month ago - Accesswire

Vicinity Motor Corp. to Report Second Quarter 2022 Financial Results on Monday, August 15 at 4:30 p.m. Eastern Time

VANCOUVER, BC / ACCESSWIRE / August 2, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announ...

2 months ago - Accesswire

Vicinity Motor Corp. Announces Eligibility in Transport Canada's New Incentive Program for Medium and Heavy-Duty Zero...

$550 Million Program Offers Point-of-Sale Incentives for Canadian Organizations and Businesses Buying or Leasing Eligible Zero-Emission Vehicles VANCOUVER, BC / ACCESSWIRE / July 21, 2022 / Vicinity Mot...

2 months ago - Accesswire

Vicinity Motor Corp. Announces Northwest U.S. Distribution Agreement with Schetky Bus and Van Sales

Nation's Longest-Established, Family-Owned Bus Dealership to Drive Vicinity's New Sales and Service Coverage in Washington, Oregon, Idaho and Alaska VANCOUVER, BC / ACCESSWIRE / July 19, 2022 / Vicinity...

2 months ago - Accesswire

Vicinity Motor Corp. Secures CAD$3.0 Million Order for Six Vicinity Lightning Electric Buses for Use at Billy Bishop ...

TORONTO, ON and VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicle...

3 months ago - Accesswire

Vicinity Motor Corp. Announces Completion of Extension of Maturity Date on CAD$10 Million Debenture

Extension Provides Capital Structure Optionality, Supporting Near-Term Liquidity Goals VANCOUVER, BC / ACCESSWIRE / June 15, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSX.V:VMC)(FRA:6LGA) ("Vicinity" or ...

3 months ago - Accesswire

Vicinity Motor Corp. Announces One Year Extension of Maturity Date on CAD$10 Million Debenture

Extension Provides Capital Structure Optionality, Supporting Near-Term Liquidity Goals VANCOUVER, BC / ACCESSWIRE / June 9, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or th...

3 months ago - Accesswire

Vicinity Motor Corp. to Participate in Upcoming Investor Conferences in June 2022

VANCOUVER, BC / ACCESSWIRE / June 7, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announ...

3 months ago - Accesswire

Vicinity Motor Corp. Announces Strategic Partnership with Sustainability Partners to Accelerate Government Fleet Elec...

Electric Vehicles as a Service™ (EVaaS) Program Finances the Conversion of Government Fleets to Electric Vehicles VANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(...

4 months ago - Accesswire

Vicinity Motor Corp. Reports First Quarter 2022 Financial Results

Order Backlog for 2022 Delivery Exceeds USD$90 million; Company Fortifies North American. Distribution Network with Addition of Several New U.S. and Canadian Dealers VANCOUVER, BC / ACCESSWIRE / May 16,...

4 months ago - Accesswire

Vicinity Motor Corp. to Report First Quarter 2022 Financial Results on Monday, May 16 at 4:30 p.m. Eastern Time

VANCOUVER, BC / ACCESSWIRE / May 4, 2022 / Vicinity Motor Corp. (NASDAQ:VEV) (TSXV:VMC) (FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announc...

4 months ago - Accesswire

Exro Shares Pop On Supply Agreement With Vicinity Motor

Exro Technologies Inc (OTC: EXROF) has signed a multi-year agreement with Vicinity Motor Corp (NASDAQ: VEV) for coil drivers. The financial terms were not disclosed.

4 months ago - Benzinga

Vicinity Motor Corp. Announces Pacific Islands Distribution Agreement with Soderholm Sales & Leasing in Hawaii

VANCOUVER, BC / ACCESSWIRE / April 26, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announ...

5 months ago - Accesswire

Vicinity Motor Corp. to Exhibit Next-Generation VMC 1200 Electric Truck at Advanced Clean Transportation Expo on May ...

Joint Exhibit with EAVX to Feature VMC 1200 Class 3 Truck Upfitted with Next-Generation Technology Suite VANCOUVER, BC / ACCESSWIRE / April 25, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LG...

5 months ago - Accesswire

Vicinity Motor Corp. to Participate in Upcoming Investor Conferences

VANCOUVER, BC / ACCESSWIRE / April 18, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announ...

5 months ago - Accesswire

Vicinity Motor Corp. Secures U.S. Midwest Distribution Agreement with Hoekstra Transportation

New Distributor Adds New Sales and Service Coverage in Key Midwestern States of Michigan, Indiana and Ohio VANCOUVER, BC / ACCESSWIRE / April 13, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6...

5 months ago - Accesswire

Vicinity Motor Corp. Signs Distribution Agreement with Central States Bus Sales, Secures Initial Commitment for 18 VM...

Central States, One of the Largest Bus Distributors in the U.S., to Act as Dealer for VMC Product Portfolio VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6...

5 months ago - Accesswire

Vicinity Motor Corp. Announces Appointment of Global Automotive Executive Dennis Gore as Vice President of Engineering

Dennis Gore Brings 35+ Years of Experience from Zero Motorcycles, Honda, Mitsubishi Motors and Gillig Bus Among Others VANCOUVER, BC / ACCESSWIRE / March 31, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSX...

6 months ago - Accesswire

Vicinity Motor Corp. Reports Fourth Quarter and Full Year 2021 Financial Results

Fourth Quarter Illustrates Inherently Fluctuating Nature of Transit Bus Revenue Amongst a Record Full Year VANCOUVER, BC / ACCESSWIRE / March 30, 2022 / Vicinity Motor Corp. (NASDAQ:VEV)(TSX-V:VMC)(FRA:...

6 months ago - Accesswire

Vicinity Motor Corp. Announces The Closing of the US$12 Million Registered Direct Offering

VANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Vicinity Motor Corp. (TSX.V:VMC)(NASDAQ:VEV)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, announces t...

6 months ago - Accesswire

7 Electric Vehicle Stocks at a Once-in-a-Lifetime Discount

Electric vehicles stocks have outperformed the broader market since the beginning of the year, but the valuation multiples of these EV stocks have cooled down in the past year, providing a once-in-a-lif...

Other symbols: LINIOPTRASOLOXPEVBYDDF
6 months ago - InvestorPlace

Here's Why Vicinity Motor Shares Are Falling

Vicinity Motor Corp (NASDAQ: VEV) shares are trading lower by 30.2% at $2.31 after the company announced a $12 million direct registered offering. Vicinity Motor intends to use the proceeds for the comp...

6 months ago - Benzinga

Vicinity Motor Shares Nosedive After $12M Equity Offering

Vicinity Motor Corp (NASDAQ: VEV) has entered into definitive agreements with new and existing institutional and accredited investors for the purchase and sale of 4.44 million shares and warrants to buy...

6 months ago - Benzinga