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GTEC logo GTEC
Upturn stock ratingUpturn stock rating
GTEC logo

Greenland Acquisition Corp (GTEC)

Upturn stock ratingUpturn stock rating
$1.98
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/01/2025: GTEC (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -67.69%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 26.92M USD
Price to earnings Ratio 1.92
1Y Target Price 13
Price to earnings Ratio 1.92
1Y Target Price 13
Volume (30-day avg) 3120946
Beta 1.48
52 Weeks Range 1.17 - 2.94
Updated Date 04/1/2025
52 Weeks Range 1.17 - 2.94
Updated Date 04/1/2025
Dividends yield (FY) -
Basic EPS (TTM) 1.03

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Earnings Date

Report Date 2025-03-27
When -
Estimate 0.08
Actual 0.55

Profitability

Profit Margin -14.16%
Operating Margin (TTM) 15.55%

Management Effectiveness

Return on Assets (TTM) -10.21%
Return on Equity (TTM) -28.37%

Valuation

Trailing PE 1.92
Forward PE 8.06
Enterprise Value 23073528
Price to Sales(TTM) 0.31
Enterprise Value 23073528
Price to Sales(TTM) 0.31
Enterprise Value to Revenue 0.27
Enterprise Value to EBITDA 1.21
Shares Outstanding 13594500
Shares Floating 6467326
Shares Outstanding 13594500
Shares Floating 6467326
Percent Insiders 47.17
Percent Institutions 12.41

Analyst Ratings

Rating 5
Target Price 13
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Greenland Acquisition Corp

stock logo

Company Overview

overview logo History and Background

Greenland Acquisition Corp (GTEC) was a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It completed a business combination with Hyzon Motors in July 2021.

business area logo Core Business Areas

  • Acquisition: GTEC was a SPAC, its core activity was to identify and merge with an operating company.

leadership logo Leadership and Structure

GTEC leadership consisted of a management team focused on identifying and executing a merger. Its organizational structure was typical of a SPAC, designed for efficient target acquisition.

Top Products and Market Share

overview logo Key Offerings

  • SPAC Formation: GTEC's offering was the opportunity for investors to participate in a merger with a private company, Hyzon Motors. SPACs do not inherently have market share. Competitors were other SPACs seeking merger targets.

Market Dynamics

industry overview logo Industry Overview

The SPAC market was highly competitive and volatile, with a large number of SPACs vying for targets in various sectors.

Positioning

GTEC positioned itself to acquire a company with high growth potential, ultimately selecting Hyzon Motors. Competitive advantages stemmed from the management team's experience and network.

Total Addressable Market (TAM)

The TAM for SPACs is the total value of private companies seeking to go public. GTEC targeted the clean energy sector and the TAM for the related industry was expected to grow to trillions of dollars.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Access to capital through public offering
  • Targeted high-growth sectors

Weaknesses

  • Dependence on finding a suitable target company
  • Dilution of existing shareholders upon merger
  • High competition from other SPACs

Opportunities

  • Growing demand for clean energy and technology companies
  • Favorable regulatory environment for SPACs
  • Potential for high returns through successful merger

Threats

  • Economic downturn impacting target company valuations
  • Increased regulatory scrutiny of SPACs
  • Failure to find a suitable target company

Competitors and Market Share

competitor logo Key Competitors

  • VACQ
  • CIIC
  • DCRB

Competitive Landscape

As a SPAC, GTEC competed with other SPACs for attractive merger targets. The competitive landscape was based on the management team's experience, network, and ability to identify and execute deals.

Major Acquisitions

Hyzon Motors

  • Year: 2021
  • Acquisition Price (USD millions): 2100
  • Strategic Rationale: To bring Hyzon Motors public, providing it with capital and resources to scale its hydrogen fuel cell technology for commercial vehicles.

Growth Trajectory and Initiatives

Historical Growth: GTEC's growth was related to the value created by the Hyzon Motors merger.

Future Projections: N/A (GTEC no longer exists as an independent entity after the Hyzon Motors merger.)

Recent Initiatives: The most significant initiative was the merger with Hyzon Motors.

Summary

Greenland Acquisition Corp was a SPAC that successfully merged with Hyzon Motors. As a SPAC, its strength was in identifying a promising target and securing the merger. Success depended on Hyzon Motors execution post-merger. Potential down side risks, included Hyzon's ability to execute on its hydrogen technology plans.

Similar Companies

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Press Releases
  • Market Research Reports

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Past performance is not indicative of future results.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Greenland Acquisition Corp

Exchange NASDAQ
Headquaters East Windsor, NJ, United States
IPO Launch date 2018-08-08
CEO -
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 325
Full time employees 325

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, 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, fulfillment centers, shipyards, and seaports. Greenland Technologies Holding Corporation was and is headquartered in East Windsor, New Jersey.

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