Blue Bird Corporation (BLBD) has disclosed a new risk, in the Regulation category.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Blue Bird Corporation faces a significant business risk due to potential changes in governmental policies regarding grants and subsidies for alternative powered school buses. These programs currently support the adoption of clean fuel technologies, which are factored into the company’s production plans and financial projections. Should these government incentives change, it may influence customer purchasing decisions, leading to a decrease in demand for alternative powered buses. This shift could cause substantial variations in sales and gross profit from the company’s initial estimates, impacting its financial condition and operating results.
Overall, Wall Street has a Strong Buy consensus rating on BLBD stock based on 6 Buys and 1 Hold.
To learn more about Blue Bird Corporation’s risk factors, click here.