NFI’s New Flyer Secures Major Contract with Suffolk County Transit

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

Suffolk County Transit has awarded a contract to NFI’s subsidiary, New Flyer, for up to 132 next-generation buses, including hybrid-electric and battery-electric models, to modernize its fleet over the next five years. This move strengthens the partnership between Suffolk County and New Flyer, highlighting the benefits of American manufacturing and job creation, while enhancing service reliability and operational efficiency for Suffolk County’s transit network.

The most recent analyst rating on (TSE:NFI) stock is a Buy with a C$22.00 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’s overall stock score reflects a mix of strong technical momentum and positive corporate events, counterbalanced by financial performance challenges and valuation concerns. The most significant strengths are the bullish technical indicators and recent strategic corporate actions, which enhance growth prospects. However, the high leverage and ongoing net losses present risks that weigh on the score.

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

More about NFI Group Inc

NFI Group Inc. is a leading global bus manufacturer offering a wide range of propulsion-agnostic bus and coach platforms, including market-leading electric models. The company focuses on providing scalable smart mobility solutions through low- and zero-emission buses, infrastructure, and technology. NFI operates under several brands, including New Flyer, MCI, Alexander Dennis Limited, Plaxton, ARBOC, and NFI Parts, supporting over 100,000 buses and coaches worldwide.

Average Trading Volume: 250,810

Technical Sentiment Signal: Buy

Current Market Cap: C$2.21B

See more insights into NFI stock on TipRanks’ Stock Analysis page.