Blue Bird Launches Joint Venture to Offer Electric Bus Solutions

☀️Trending News

Blue Bird ($NASDAQ:BLBD), a leading provider of bus solutions, has recently announced a new joint venture to offer electric bus solutions. This venture will focus on providing electric buses as a service to customers, allowing them to benefit from the latest in electrification and emissions reduction technologies. With this new venture, Blue Bird is aiming to revolutionize the way people think about public transportation. The company has an extensive portfolio of products and services, ranging from conventional school buses to electric buses.

Their commitment to providing reliable and efficient transportation solutions to the public has made them a leader in the industry. With this new venture, they are hoping to further reduce emissions and reduce the cost of ownership for customers. By offering electric buses as a service, they hope to make public transportation more accessible and sustainable for everyone.

Stock Price

On Thursday, Blue Bird Corporation (BLUE BIRD) announced the launch of a joint venture with Lion Electric Co. to create a market-leading provider of electric bus solutions. With this venture, Blue Bird and Lion Electric Co. will be able to offer customers cutting-edge technology and services for electric bus solutions. The news of the joint venture had a positive impact on BLUE BIRD’s stock prices. On Thursday, the stock opened at $20.8 and closed at $21.2, up by 2.8% from its prior closing price of $20.7.

Investors were optimistic about the potential growth opportunities created by the joint venture. The joint venture with Lion Electric Co. is expected to help drive further innovation in electric bus solutions and provide a competitive edge for Blue Bird in the industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Blue Bird. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Blue Bird. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Blue Bird. More…

Key Ratios Snapshot

Some of the financial key ratios for Blue Bird are shown below. More…

Analysis

GoodWhale has carried out an evaluation of BLUE BIRD’s fundamentals and based on our analysis, we have rated it with an intermediate health score of 5/10 with regard to its cashflows and debt. This indicates that BLUE BIRD may be able to sustain future operations in times of crisis. BLUE BIRD is classified as a ‘rhino’ type of company, which we ascertain as having achieved moderate revenue or earnings growth. The company is relatively strong in terms of its assets, medium in terms of its growth, profitability and weak in terms of its dividend. As such, BLUE BIRD may be an attractive investment option for certain types of investors such as value investors looking for a steady asset or long term investors looking for moderate growth. More…

Peers

In the automotive industry, Blue Bird Corp competes with NFI Group Inc, Minth Group Ltd, and Vicinity Motor Corp. All four companies manufacture and design vehicles and parts, but Blue Bird Corp has been in the industry longer. Founded in 1932, Blue Bird Corp has over 80 years of experience compared to its competitors. This experience gives Blue Bird Corp an advantage in the market.

– NFI Group Inc ($TSX:NFI)

NFI Group Inc is a Canadian bus manufacturer that designs, engineers, and manufactures vehicles for passenger transportation applications. The company has a market cap of 913.58M as of 2022 and a Return on Equity of -4.92%. NFI Group Inc’s products include buses for school, transit, coach, shuttle, and specialty markets. The company also provides aftermarket parts and services for its buses.

– Minth Group Ltd ($SEHK:00425)

Minth Group Ltd is a leading global manufacturer and supplier of automotive exterior trim and decorative products. The company has a market cap of 19.52B as of 2022 and a Return on Equity of 7.09%. Minth Group’s products are used by major automotive manufacturers around the world and its products are sold in over 100 countries. The company has manufacturing facilities in China, Europe and the United States.

– Vicinity Motor Corp ($TSXV:VMC)

Vicinity Motor Corp is a company that manufactures and sells electric vehicles. The company has a market cap of 65.6M as of 2022 and a Return on Equity of -19.09%. The company’s products include electric cars, electric bicycles, and electric scooters. The company has a strong presence in the Chinese market and is expanding its operations to other countries.

Summary

Blue Bird Corporation, a leading manufacturer of school buses and motorcoaches, recently announced the formation of a joint venture to provide electric buses as a service. The joint venture is expected to benefit Blue Bird by offering an innovative product to its existing customer base, while providing an opportunity for growth in new markets. The electric buses will be powered by advanced lithium-ion batteries and could provide cost savings to operators compared to traditional diesel-powered vehicles. According to analysts, the joint venture should provide a significant boost to Blue Bird’s stock price in the near future, as it demonstrates the company’s commitment to developing new technologies and expanding its business.

Additionally, the joint venture could potentially open up new markets for the company outside of its traditional school bus and motor coach business. As a result, investors are encouraged to consider Blue Bird as an attractive investment opportunity.