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Envirotech Vehicles Inc (EVTV)



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Upturn Advisory Summary
08/14/2025: EVTV (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -32.66% | Avg. Invested days 18 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 4.36M USD | Price to earnings Ratio - | 1Y Target Price 0.7 |
Price to earnings Ratio - | 1Y Target Price 0.7 | ||
Volume (30-day avg) - | Beta 0.63 | 52 Weeks Range 0.15 - 2.61 | Updated Date 06/29/2025 |
52 Weeks Range 0.15 - 2.61 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.9 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -614.43% |
Management Effectiveness
Return on Assets (TTM) -22.37% | Return on Equity (TTM) -132.63% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 9458293 | Price to Sales(TTM) 2.64 |
Enterprise Value 9458293 | Price to Sales(TTM) 2.64 | ||
Enterprise Value to Revenue 5.73 | Enterprise Value to EBITDA -6.24 | Shares Outstanding 25670200 | Shares Floating 19891590 |
Shares Outstanding 25670200 | Shares Floating 19891590 | ||
Percent Insiders 21.45 | Percent Institutions 3.86 |
Upturn AI SWOT
Envirotech Vehicles Inc
Company Overview
History and Background
Envirotech Vehicles, Inc., formerly known as ADOMANI, Inc., was founded in 2009. It focuses on providing zero-emission electric vehicles and drivetrains for commercial fleets. The company went public through a reverse merger and has aimed to capitalize on the growing demand for electric commercial vehicles.
Core Business Areas
- Electric Vehicles: Designs, engineers, and manufactures electric commercial vehicles, including vans and trucks, targeting last-mile delivery and service applications.
- Electric Drivetrains: Offers electric drivetrain systems for integration into existing commercial vehicles, enabling fleet electrification.
Leadership and Structure
The leadership team consists of key executives responsible for strategy, operations, and finance. The organizational structure is designed to support manufacturing, engineering, and sales efforts.
Top Products and Market Share
Key Offerings
- Electric Vans: Electric vans designed for last-mile delivery and service applications. Market share data is limited and highly competitive. Competitors include Ford (F), Rivian (RIVN), and Workhorse (WKHS).
- Electric Trucks: Electric trucks designed for commercial use, including utility and delivery applications. Market share data is limited. Competitors include Ford (F), Rivian (RIVN), and Workhorse (WKHS).
Market Dynamics
Industry Overview
The electric vehicle industry is experiencing rapid growth, driven by increasing environmental concerns, government regulations, and technological advancements. The commercial EV segment is particularly attractive due to fleet electrification initiatives and cost savings from reduced fuel and maintenance expenses.
Positioning
Envirotech Vehicles aims to capture a portion of the commercial EV market by offering cost-effective electric vehicles and drivetrain solutions. However, they face strong competition from established automotive manufacturers and emerging EV startups.
Total Addressable Market (TAM)
The TAM for commercial EVs is projected to reach hundreds of billions of dollars by 2030. Envirotech Vehicles is positioned to capture a small portion of this market, but faces intense competition.
Upturn SWOT Analysis
Strengths
- Focus on commercial EV segment
- Electric drivetrain solutions
- Potential for cost-effective EVs
Weaknesses
- Limited brand recognition
- Small scale of operations
- Dependence on funding
- Significant losses and negative cash flow.
Opportunities
- Government incentives for EV adoption
- Growing demand for last-mile delivery EVs
- Partnerships with fleet operators
Threats
- Intense competition from established automakers
- Supply chain disruptions
- Technological advancements by competitors
- Limited access to capital markets
Competitors and Market Share
Key Competitors
- Ford (F)
- Rivian (RIVN)
- Workhorse (WKHS)
- Canoo (GOEV)
- Arrival (ARVL)
Competitive Landscape
Envirotech Vehicles faces a highly competitive landscape with established automakers and well-funded EV startups. The company's success depends on its ability to differentiate its products, secure funding, and scale production.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been limited due to funding constraints and operational challenges.
Future Projections: Future growth depends on securing funding, scaling production, and winning contracts.
Recent Initiatives: Recent initiatives include product development, partnerships, and efforts to expand manufacturing capacity.
Summary
Envirotech Vehicles is a small player in the competitive commercial EV market. The company needs to address funding challenges and scale production effectively. Intense competition and technological advancements pose significant hurdles. Future growth depends on strategic partnerships and product differentiation.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Market Research Reports
- Financial News Sources
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a financial advisor. Market share data is approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Envirotech Vehicles Inc
Exchange NASDAQ | Headquaters Houston, TX, United States | ||
IPO Launch date 2022-07-06 | Chairman of the Board & CEO Mr. Phillip W. Oldridge | ||
Sector Consumer Cyclical | Industry Auto Manufacturers | Full time employees 22 | Website https://evtvusa.com |
Full time employees 22 | Website https://evtvusa.com |
Envirotech Vehicles, Inc. manufactures and provides zero-emission electric vehicles in the United States. It offers class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also provides vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities. Envirotech Vehicles, Inc. is headquartered in Houston, Texas.

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