- Blue Bird is a leading manufacturer of both conventional and alternative fuel (propane, CNG, electric) school buses in North America.
- They are well-positioned for a post-pandemic recovery in demand and the legislative push to electrify U.S. school buses as part of the CLEAN Future Act.
- I arrive at a price target of ~$34.50, about 31% above Tuesday's closing price, and consider a range of other scenarios.
- Intensifying competition from new EV entrants could weigh on sentiment, whereas improved margins provide additional potential upside.
For further details see:
Blue Bird: In The Driver's Seat Of The EV School Bus Market