2024-03-28 01:20:16 ET
Summary
- Blue Bird has progressed from a turnaround story to a growth story, with shares up 100% in the past six months.
- The US school bus market is shifting towards alternative fuels, with Blue Bird gaining market share.
- Blue Bird's JV with Generate Capital will offer a complete solution of electric buses and charging infrastructure, driving sales regardless of government initiatives.
Introduction
This is my second article on Blue Bird ( BLBD ); in the first , I presented an industry overview and a discussion of the US government's EPA $5 billion clean bus program that Blue Bird, as a market leader in alternative fuel buses, stands to benefit from.
I presented Blue Bird as a turnaround story showing that changes to the workforce had helped arrest falling margins and unit sales. I also noted that the market was changing as it moved away from Diesel power to cleaner alternative fuels....
Read the full article on Seeking Alpha
For further details see:
Blue Bird: Now A High Profit Growth Story