Greenland Technologies (GTEC) Stock: Why The Price Jumped

By Amit Chowdhry ● Nov 23, 2021
  • The stock price of Greenland Technologies Holding Corp (NASDAQ: GTEC) increased by 18.2% in the most recent trading session. This is why it happened.

The stock price of Greenland Technologies Holding Corp (NASDAQ: GTEC) – a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles – increased by 18.2% in the most recent trading session. Investors responded positively to Greenland Technologies announcing that it will present at the upcoming Sequire Cleantech & Electric Vehicle Investor Conference to be held virtually on December 6, 2021. Management will be presenting to investors in both group and 1×1 virtual meetings.

Investors are being encouraged to register to watch Raymond Wang, CEO of Greenland, deliver the company’s formal presentation:

Date: Monday, December 6, 2021

Time: 9:00 a.m. Eastern

Investor Registration: https://cleantech21.mysequire.com

KEY QUOTES:

“This is another great opportunity for us to update existing investors and to meet with new ones. We’re coming off a strong 3Q 2021 results report, with revenue up nearly 40% year over year and net income up nearly 173% year over year. We are even more excited about the future and look forward to discussing our latest industrial electric vehicle launches – our new GEL-1800 Electric Loader and our new GEF-series Electric Forklift line.”

“There’s been a lot of attention focused on the consumer side of electric vehicles because those cars can be seen on the road. We think there is an even more exciting opportunity on the industrial electric side as we bring compelling financial and operating advantages of electrification in a warehouse or material handling fleet. This is a global market with significant multi-year growth potential for the industry and Greenland.”

— Raymond Wang, CEO of Greenland

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.