New Flyer Wins 100-Bus Hybrid and Electric Order from Washington Metro
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An update from NFI Group Inc ( (TSE:NFI) ) is now available.
New Flyer of America, a subsidiary of NFI Group, has secured an order from the Washington Metropolitan Area Transit Authority for 75 Xcelsior hybrid-electric and 25 Xcelsior CHARGE NG battery-electric forty-foot buses. The purchase draws on New Flyer’s existing backlog and reflects growing demand for low- and zero-emission transit solutions in major U.S. markets.
The new buses, funded through a mix of federal, state, local, and Low or No Emission grant sources, will replace end-of-life vehicles and support Metro’s five-year Strategic Transformation Plan. The deal deepens New Flyer’s long-standing relationship with one of the nation’s largest transit systems, while reinforcing NFI’s position in the transition to cleaner fleets and supporting U.S. manufacturing jobs.
The most recent analyst rating on (TSE:NFI) stock is a Hold with a C$17.50 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.
Spark’s Take on TSE:NFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:NFI is a Neutral.
NFI Group Inc’s overall stock score is primarily influenced by its financial performance challenges, including high leverage and negative profitability. The technical analysis shows bullish momentum, but the stock is overbought. The earnings call provided a positive outlook despite the battery recall issue. Valuation remains a concern with a negative P/E ratio.
To see Spark’s full report on TSE:NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a leading global bus manufacturer providing mass mobility solutions through brands such as New Flyer, MCI, Alexander Dennis, ARBOC, and NFI Parts. The company offers propulsion-agnostic bus and coach platforms, including market-leading low- and zero-emission electric models, serving urban transit agencies worldwide with sustainable transportation solutions.
Average Trading Volume: 274,523
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.08B
For detailed information about NFI stock, go to TipRanks’ Stock Analysis page.
