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NFI Group Inc ( (TSE:NFI) ) has provided an update.
NFI Group Inc.’s subsidiary, New Flyer, has secured an order for 46 Xcelsior CNG 40-foot transit buses from the Regional Transportation Commission of Southern Nevada (RTC). This order, supported by Federal Transit Administration funds, is part of a larger contract and highlights NFI’s ongoing partnership with RTC, whose fleet exclusively comprises NFI vehicles. The new buses, which emit significantly less nitrogen oxide than diesel engines, will contribute to cleaner air in Southern Nevada. This development underscores NFI’s commitment to sustainable transportation solutions and strengthens its position in the North American transit market.
The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$23.00 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’s overall stock score is driven by its mixed financial performance, marked by revenue growth but significant profitability challenges and high leverage. Positive technical indicators and strategic financial moves provide some optimism, but valuation concerns and operational challenges weigh down the score.
To see Spark’s full report on TSE:NFI stock, click here.
More about NFI Group Inc
NFI Group Inc. is a global leader in propulsion-agnostic bus and coach mobility solutions, offering a wide range of sustainable drive systems including zero-emission electric, natural gas, electric hybrid, and clean diesel. With nearly 9,000 employees across ten countries, NFI supports over 100,000 buses and coaches worldwide under various brands such as New Flyer, MCI, Alexander Dennis Limited, and others. The company is dedicated to providing scalable smart mobility solutions for urban environments.
Average Trading Volume: 272,698
Technical Sentiment Signal: Buy
Current Market Cap: C$2.26B
Find detailed analytics on NFI stock on TipRanks’ Stock Analysis page.