VivoPower PLC Ordinary Shares (NASDAQ:VIVO) Shares Up 6.1% – What’s Next?

VivoPower PLC Ordinary Shares (NASDAQ:VIVO) shares traded up 6.1% on Friday. The stock traded as high as $2.44 and last traded at $2.42. Approximately 562,261 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 976,302 shares. The stock had previously closed at $2.28.

Analysts Set New Price Targets

VIVO has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of VivoPower PLC Ordinary Shares in a research note on Friday, September 18th. Noble Financial started coverage on shares of VivoPower PLC Ordinary Shares in a research note on Monday, July 13th. They issued an “outperform” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, VivoPower PLC Ordinary Shares presently has an average rating of “Hold” and a consensus price target of $10.00.

VivoPower PLC Ordinary Shares Price Performance

The business has a 50 day moving average price of $3.58.

About VivoPower PLC Ordinary Shares

VivoPower International PLC is a sustainable energy solutions company focused on electrification, renewable power, and related technologies. The company develops and delivers solutions intended to support the transition from fossil-fuel-based equipment to lower-emission alternatives.

Its activities have included electric vehicle solutions through Tembo, which develops battery-electric powertrain systems and conversion kits for commercial and specialty vehicles. VivoPower has also pursued sustainable energy and critical-power projects, including distributed renewable power, battery storage, and electrification infrastructure for commercial and industrial customers.

Founded in 2013, VivoPower is headquartered in London and has operated through businesses and partnerships serving customers in multiple international markets, including the United Kingdom, Australia, Europe, and North America.