Drivetrain system manufacturer Greenland Technologies (GTEC) has been making several positive steps, and its shares have been rallying in price lately. However, the question is, is GTEC well-positioned to maintain its performance, with increasing competition in the EV space? Read on to learn what we think.Electric industrial vehicle company Greenland Technologies Holding Corporation (GTEC), which is based in Hangzhou, China, recently launched two zero-emissions vehicles, the GEL-1800 Electric Loader and the GEF-series EV forklift. The company also maintained its $90 million to $100 million guidance for total revenues, which represents an approximately 35% to 49% increase year-over-year in its fiscal year 2021.
Furthermore, the GEX-8000, GTEC's all-electric eight-ton rated load lithium excavator, is scheduled to arrive in January 2022.
GTEC stock has gained 26.8% in price over the past month and 10.5% over the past three months to close yesterday’s trading session at $7.34. In addition, analysts expect its EPS and revenue to increase 7.7% and 12.8%, respectively, year-over-year to $0.70 and $112.78 million in its fiscal year 2022. So, GTEC should keep rallying.