Envirotech Vehicles, Inc. (EVTV) Stock Analysis
DELISTED 2026
What happened to Envirotech Vehicles, Inc. (EVTV) stock?
Envirotech Vehicles, Inc. (EVTV) no longer trades on public markets. It was delisted in July 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Envirotech Vehicles, Inc. (EVTV) trades at $1.94. Envirotech Vehicles, Inc. focuses on providing zero-emission electric vehicles and maintenance services in the United States. The company targets commercial fleets, school districts, and transportation service providers. Market cap: $6.58M, Sector: Consumer cyclical.
Last analyzed: Mar 18, 2026Analyst Coverage for EVTV: EVTV does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates EVTV against Consumer Cyclical peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
EVTV: 2/2 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Envirotech Vehicles, Inc. (EVTV) Consumer Business Overview
Envirotech Vehicles, Inc. provides zero-emission electric vehicles and related services in the U.S., serving commercial and public sector fleets. Facing a competitive landscape and negative profitability, the company focuses on maintenance, inspection services, and electric vehicle offerings for last-mile delivery and transportation.
What Is the Investment Thesis for EVTV?
Envirotech Vehicles operates in the growing electric vehicle market, targeting niche segments like commercial fleets and educational institutions. However, the company's negative profit margin of -753.8% and gross margin of -31.0% raise concerns about its financial sustainability. Growth catalysts include potential government incentives for electric vehicle adoption and expansion of its service offerings. Key risks involve intense competition, limited financial resources, and the need to scale production efficiently. Investors should closely monitor the company's ability to improve profitability and secure additional funding to support its growth initiatives. The company's small market capitalization of $6.58M reflects its early stage and high-risk profile.
Based on FMP financials and quantitative analysis
EVTV Key Highlights
Market Cap of $6.58M indicates a micro-cap company with high growth potential but also significant risk.
- P/E ratio of -0.20 reflects negative earnings, highlighting the company's current lack of profitability.
- Profit Margin of -753.8% indicates substantial losses and operational inefficiencies.
- Gross Margin of -31.0% suggests that the company's cost of goods sold exceeds its revenue, posing a significant challenge.
- Beta of 0.82 suggests that the stock is less volatile than the overall market.
Who Are EVTV's Competitors?
EVTV is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| GGR Gogoro Inc. | $2.25 | +2.27% | $33.2M | 43 |
| NCI Neo-Concept International Group Holdings Limited | $12.41 | +0.49% | $6.30M | 56 |
| NVVE Nuvve Holding Corp. | $1.19 | -14.39% | — | |
| GOEV Canoo Inc. | $0.37 | +0.00% | $5.36M | 49 |
| LOBO Lobo EV Technologies Ltd. | $0.66 | -1.31% | $8.32M | 50 |
| ARVL Arrival | $0.49 | -33.69% | $9.00M | 47 |
| AIEV Thunder Power Holdings, Inc. | $0.20 | +47.28% | $20.5M | 48 |
| FSR Fisker Inc. | $0.09 | -28.17% | $52.8M | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are EVTV's Key Strengths?
Focus on zero-emission electric vehicles.
- Provision of maintenance and inspection services.
- Targeting niche markets like school districts and commercial fleets.
- Potential to benefit from government incentives.
What Are EVTV's Weaknesses?
Negative profit margin and gross margin.
- Limited financial resources.
- Small market capitalization.
- Dependence on external funding.
What Could Drive EVTV Stock Higher?
Potential government incentives and subsidies for electric vehicle adoption.
- Expansion of service offerings to include battery maintenance and charging infrastructure.
- Partnerships with educational institutions to provide electric buses and transportation solutions.
- Penetration of the last-mile delivery market with electric vans and trucks.
What Are the Key Risks for EVTV?
Financial-distress signal — its Altman Z-Score of -18.64 sits in the distress zone (elevated bankruptcy risk).
- Intense competition from established automakers and emerging EV manufacturers.
- Technological advancements by competitors.
- Changes in government regulations and incentives.
- Economic downturn affecting demand for electric vehicles.
- Negative profit margin and gross margin raising concerns about financial sustainability.
What Are the Growth Opportunities for EVTV?
- Expansion of Service Offerings: Envirotech Vehicles can expand its service offerings to include battery maintenance, charging infrastructure installation, and fleet management solutions. By offering comprehensive services, Envirotech can increase customer loyalty and generate recurring revenue streams. This expansion can be implemented within the next 1-2 years.
- Government Incentives and Subsidies: The increasing availability of government incentives and subsidies for electric vehicle adoption presents a significant growth opportunity. These incentives can reduce the upfront cost of EVs for customers, making them more attractive. Envirotech Vehicles can leverage these incentives to drive sales and expand its market reach. The impact of these incentives is ongoing and expected to increase in the coming years.
- Partnerships with Educational Institutions: Envirotech Vehicles can form strategic partnerships with colleges and universities to provide electric buses and transportation solutions. The educational sector represents a stable and growing market for electric vehicles. These partnerships can enhance Envirotech's brand reputation and provide access to a captive customer base. These partnerships can be established within the next year.
- Penetration of the Last-Mile Delivery Market: The last-mile delivery market is experiencing rapid growth, driven by the rise of e-commerce. Envirotech Vehicles can capitalize on this trend by offering electric vans and trucks specifically designed for last-mile delivery. The market for electric delivery vehicles is projected to grow significantly in the coming years. Envirotech can target this market through targeted marketing and product development efforts. This penetration can be achieved within the next 2-3 years.
- Geographic Expansion: Envirotech Vehicles can expand its operations to new geographic markets, both within the United States and internationally. The global electric vehicle market is growing rapidly, offering significant opportunities for expansion. Envirotech can target regions with strong government support for EVs and a growing demand for sustainable transportation solutions. This expansion can be phased in over the next 3-5 years.
What Are EVTV's Competitive Advantages?
- Focus on niche markets like school districts and commercial fleets.
- Provision of maintenance and inspection services alongside vehicle sales.
- Early mover advantage in specific geographic regions.
- Potential to benefit from government incentives and subsidies.
What Does EVTV Do?
Envirotech Vehicles, Inc., formerly known as ADOMANI, Inc., was rebranded in May 2021 to reflect its focus on electric vehicle solutions. The company provides zero-emission electric vehicles in the United States, catering to a variety of sectors including commercial and last-mile fleets, school districts, and public and private transportation service companies, as well as colleges and universities. Envirotech Vehicles also offers comprehensive vehicle maintenance and inspection services, aiming to provide end-to-end solutions for its clients. Based in Osceola, Arkansas, the company aims to support the transition to sustainable transportation through its electric vehicle offerings. Envirotech's strategy involves providing electric vehicles and related services to organizations seeking to reduce their carbon footprint and operational costs. The company's evolution from ADOMANI to Envirotech Vehicles signals a strategic shift towards a more focused approach on electric vehicle technology and services.
What Products and Services Does EVTV Offer?
- Provides zero-emission electric vehicles.
- Offers vehicle maintenance services.
- Offers vehicle inspection services.
- Serves commercial fleets.
- Serves last-mile fleets.
- Serves school districts.
- Serves public and private transportation companies.
- Serves colleges and universities.
How Does EVTV Make Money?
- Sales of electric vehicles to various customer segments.
- Revenue from vehicle maintenance and inspection services.
- Potential revenue from government incentives and subsidies.
- Partnerships with educational institutions and commercial fleets.
What Industry Does EVTV Operate In?
Envirotech Vehicles operates within the rapidly expanding electric vehicle (EV) industry, driven by increasing environmental concerns and government incentives. The market is characterized by intense competition from established automakers and emerging EV manufacturers. The company focuses on niche markets such as commercial fleets and educational institutions. However, success depends on the company's ability to innovate, scale production, and secure market share in a competitive landscape.
Who Are EVTV's Key Customers?
- Commercial fleets seeking to reduce emissions.
- School districts transitioning to electric buses.
- Public and private transportation service companies.
- Colleges and universities aiming for sustainable transportation.
Key Financial Metrics
A current ratio of 0.37 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -105.5%, the inverse of the P/E and a quick read on earnings relative to price.
Envirotech Vehicles, Inc. (EVTV) Valuation Context
Valued at $6.58M, EVTV is classified as a micro-cap stock.
Company Profile
Envirotech Vehicles, Inc. operates in the Auto - Manufacturers industry within the Technology sector. It is headquartered in Houston, US. The company is led by CEO Phillip W. Oldridge. EVTV has traded publicly since 2017.
Financial Health
Envirotech Vehicles, Inc.'s Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -18.64 places it in the distress zone, a signal of elevated financial risk.
EVTV Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying activity suggests confidence in the company's future, indicating that leadership believes in strong potential ahead.
- Community sentiment has shown a growing interest in sustainable transportation, which aligns with Envirotech's mission and product offerings.
- Positive news coverage around electric vehicles has increased visibility for Envirotech, enhancing its reputation in a competitive market.
- Strategic partnerships with other firms in the EV sector have been formed, potentially expanding their market reach and operational capabilities.
Bear Case
- Concerns over production scalability have been raised, with some investors questioning whether the company can meet increasing demand effectively.
- Recent social sentiment has shown skepticism about the company's ability to compete with larger, established players in the EV market.
- Market perception remains cautious due to broader economic uncertainties affecting the automotive sector, which could impact sales.
- There have been discussions in the community regarding the company's financial health, with some analysts expressing doubts about long-term profitability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
EVTV Latest News
No recent news available for EVTV.
Leadership: Phillip W. Oldridge
CEO
Phillip W. Oldridge serves as the CEO of Envirotech Vehicles, Inc. His background includes experience in managing and leading teams, as evidenced by his current role overseeing 22 employees. Further details on his specific career history, educational background, and previous roles are not available in the provided data. However, his leadership is crucial for guiding Envirotech Vehicles through its growth phase in the competitive electric vehicle market.
Track Record: Information regarding Phillip W. Oldridge's specific achievements, strategic decisions, and company milestones under his leadership at Envirotech Vehicles is not available in the provided data. Therefore, a comprehensive assessment of his track record cannot be made at this time. His performance will be critical in determining the company's success in the evolving electric vehicle industry.
Envirotech Vehicles, Inc. Consumer Cyclical Stock: Key Questions Answered
What happened to Envirotech Vehicles, Inc. (EVTV) stock?
Envirotech Vehicles, Inc. (EVTV) no longer trades on public markets. It was delisted in July 2026. The figures below are historical and are not a current quote.
Can I still buy EVTV shares?
No. EVTV stopped trading on public markets in July 2026, so the shares are not available through a broker. Anything you see quoted for EVTV elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before EVTV stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Envirotech Vehicles, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Envirotech Vehicles, Inc. do?
Envirotech Vehicles, Inc. provides zero-emission electric vehicles and related services in the United States. The company focuses on serving commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities. In addition to selling electric vehicles, Envirotech also offers vehicle maintenance and inspection services, aiming to provide comprehensive solutions for its customers.
What are the main risks for EVTV?
Envirotech Vehicles faces several key risks, including intense competition from established automakers and emerging EV manufacturers. The company's negative profit margin and gross margin raise concerns about its financial sustainability. Changes in government regulations and incentives could also impact the demand for electric vehicles. Additionally, an economic downturn could reduce demand for the company's products and services.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent filings.
- AI analysis is pending and will provide further insights.