NFI Group Secures Settlement to Enhance Zero-Emission Bus Capabilities

NFI Group Inc ( (TSE:NFI) ) has provided an update.

NFI Group Inc. has reached a master settlement agreement with XALT Energy, LLC to address costs related to a recall of Generation 3 batteries and other XALT battery types. The settlement, which involves cash payments and the transfer of assets and personnel, will cover 75% to 80% of NFI’s original $229 million provision. This agreement will enhance NFI’s battery supply chain and support its zero-emission bus capabilities, while also positioning the company to introduce a second battery supplier in 2027. The settlement is expected to improve NFI’s financial liquidity and operational efficiency, with no impact on new vehicle production.

The most recent analyst rating on (TSE:NFI) stock is a Hold with a C$13.50 price target. To see the full list of analyst forecasts on NFI Group Inc stock, see the TSE:NFI Stock Forecast page.

Spark’s Take on TSE:NFI Stock

According to Spark, TipRanks’ AI Analyst, TSE:NFI is a Neutral.

NFI Group Inc. faces significant challenges in profitability and financial stability, reflected in a low financial performance score. However, positive corporate events and strategic initiatives provide some optimism for future growth. The technical analysis and valuation indicate caution, with mixed signals and a negative P/E ratio. The earnings call provides a balanced view with both improvements and challenges, leading to a moderate overall score.

To see Spark’s full report on TSE:NFI stock, click here.

More about NFI Group Inc

NFI Group Inc. is a leader in propulsion-agnostic bus and coach mobility solutions, focusing on zero-emission buses. The company is involved in the development and support of electric buses and has a significant market presence in the transportation industry.

Average Trading Volume: 305,765

Technical Sentiment Signal: Sell

Current Market Cap: C$1.56B

Find detailed analytics on NFI stock on TipRanks’ Stock Analysis page.