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Greenland Acquisition Corp (GTEC)



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Upturn Advisory Summary
04/01/2025: GTEC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -67.69% | Avg. Invested days 37 | 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 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 - |
Upturn AI SWOT
Greenland Acquisition Corp

Company Overview
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.
Core Business Areas
- Acquisition: GTEC was a SPAC, its core activity was to identify and merge with an operating company.
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
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
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
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.
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 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 | Website https://ir.gtec-tech.com |
Full time employees 325 | Website https://ir.gtec-tech.com |
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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