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Greenland Technologies Holding Corporation(GTEC)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 22 days
PROFIT SINCE LAST BUY
+54.93%
LAST CLOSE
$1.1
09/15/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for GTEC

09/15/2026: GTEC (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Greenland Acquisition Corp (GTEC) is an industrial player shifting from traditional transmission manufacturing toward electric industrial vehicle drivetrains and equipment. The company's main strength lies in its specialized modular technology, which provides a cost-effective path to vehicle electrification. Its growth story hinges on successfully expanding this modular strategy into broader global markets. However, the company faces significant risks, including intense competition from global industrial giants, sensitivity to the Chinese industrial cycle, and the challenge of scaling operations internationally. The stock may suit investors interested in green industrial themes who have a high risk tolerance, though it currently lacks income-generating potential through dividends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to industrial electrification, but its small scale and execution risks require a long-term growth horizon.
Momentum investorWeak fitThe stock often lacks the consistent volume and trend strength required for a pure momentum strategy.
Value investorMixed fitWhile valuations may appear low, the company's evolving business model makes it difficult to anchor a traditional value thesis.
Dividend investorWeak fitThe company does not pay dividends and focuses on reinvesting capital for future expansion.
Low-risk investorWeak fitHigh volatility and sensitivity to industrial cyclicality make this unsuitable for risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap stocks in cyclical sectors often experience wide price swings based on news and market sentiment.
Valuation riskMediumAssessing the true value of a company in transition is difficult, potentially leading to mispricing.
Competition risk (Heavy Equipment)HighCompeting against established giants with deep pockets limits the company's pricing power.
Business qualityMediumThe company is transforming its business model, which creates inherent operational and quality control challenges.
Dividend incomeLow / noneNo dividend payments are available to provide income or downside support.
Execution riskMedium / highSuccessfully scaling the EIV product line requires seamless operational and logistical execution.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -32.67%
Avg. Invested days 25
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/15/2026

Upturn Scorecard

Upturn Star Rating

GTEC receives a 3-star rating, supported by solid quantitative characteristics, and solid analyst coverage.

Company Fundamentals

GTEC has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 17.2%) is partially offset by negative earnings growth (-64.9%), moderate revenue growth (+8.0%), soft profitability (net margin 5.4%).

Financial Health Rating

GTEC's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 40.6%). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Free-cash-flow growth is GTEC's strongest growth driver at +17.0% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-64.9%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 2.2% and approximately 99.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.96%, which materially reduces the ownership score.

Top 5 Institutional Investors

Acadian Asset Management LLC 0.66%
Citadel Advisors Llc 0.49%
Mariner Wealth Advisors LLC 0.15%
Jane Street Group LLC 0.13%
BNP Paribas Arbitrage, SA 0.11%

Unit Economics (Per $1K Revenue)

GTEC generates approximately $314 of gross profit, $83 of operating income, and $172 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 29.00%

Quantitative Style Profile

GTEC has a high-quality, liquid, relatively low-volatility profile. No single quantitative factor dominates as a drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 28.67M USD
Price to earnings Ratio 1.77
1Y Target Price 6
Price to earnings Ratio 1.77
1Y Target Price 6
Volume (30-day avg) 808.3K shares
Beta 0.23
52 Weeks Range 0.47 - 1.61
Updated Date 09/15/2026
52 Weeks Range 0.47 - 1.61
Updated Date 09/15/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.61

How Company Makes Money

Business areaWhat it includesRetail investor read
Transmission ProductsHydraulic transmissions for forklifts and industrial vehicles.The foundational, steady-state business segment providing baseline revenue.
Electric Industrial Vehicles (EIV)Modular electric heavy equipment like loaders and electric drivetrains.The primary growth engine focusing on the transition to sustainable equipment.
Geography (China)Sales and manufacturing primarily located in China.The company is highly dependent on the Chinese industrial market for production and initial demand.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 1.77
Forward PE 8.06
Enterprise Value 11.94M
Price to Sales(TTM) 0.28
Enterprise Value 11.94M
Price to Sales(TTM) 0.28
Enterprise Value to Revenue 0.12
Enterprise Value to EBITDA 0.5
Shares Outstanding 20.53M
Shares Floating 20.34M
Shares Outstanding 20.53M
Shares Floating 20.34M
Percent Insiders 0.96
Percent Institutions 2.23

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Greenland Technologies Holding Corporation

Exchange NASDAQ
Headquarters East Windsor, NJ, United States
IPO Launch date 2018-08-08
CEO & President Mr. Raymond Z. Wang
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 340
Full time employees 340

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries in the United States and internationally. The company provides transmission products, such as transmission systems and integrated powertrains primarily for electric forklift trucks; electric industrial heavy machinery, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions. Its products are used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. The company was founded in 2006 and is headquartered in East Windsor, New Jersey.