Reported 4 months ago
Blue Bird Corp., a lesser-known bus manufacturer, is the best-performing electric vehicle stock this year, with shares surging 116%. The company has capitalized on the growing demand for electric school buses, driven by a $5 billion government program aimed at replacing diesel buses. Blue Bird's revenue has increased, and it now sells more electric buses, with higher profit margins compared to traditional buses, benefiting from the EPA's Clean School Bus Program. Analysts expect the company's EV business to continue growing, with Needham rating Blue Bird as a 'Buy' with a $52 price target.
Source: YAHOO