NFI’s New Flyer Lands $56 Million Low-Emission Bus Order from Southern Nevada RTC
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The latest announcement is out from NFI Group Inc ( (TSE:NFI) ).
New Flyer of America, a subsidiary of NFI Group, has secured an exercised option from the Regional Transportation Commission of Southern Nevada for 50 additional Xcelsior compressed natural gas buses—19 sixty-foot and 31 forty-foot models—valued at about $56 million and already included in NFI’s fourth-quarter 2025 firm backlog. Funded by local and U.S. federal transit sources and compliant with Buy America provisions, the low-emission vehicles will replace end-of-life buses in RTC’s fleet, reinforcing a three-decade partnership that has delivered over 900 buses to the region and further entrenching NFI’s position in the U.S. transit market as agencies pursue cleaner, longer-range fleets to serve high-volume ridership and meet sustainability and air-quality goals.
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 a wide range of propulsion-agnostic bus and coach platforms, including low- and zero-emission electric, natural gas, hybrid and clean diesel models, and supports an installed base of over 100,000 vehicles worldwide, with a strong focus on sustainable, connected urban transportation. New Flyer, its North American heavy-duty transit bus subsidiary, markets the Xcelsior and Xcelsior CHARGE lines and provides infrastructure and charging solutions, supporting more than 35,000 heavy-duty transit buses in service.
Average Trading Volume: 292,884
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.1B
For an in-depth examination of NFI stock, go to TipRanks’ Overview page.
