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NFI Group Inc ( (TSE:NFI) ) has shared an announcement.
NFI Group’s subsidiary, New Flyer, has received a significant order from Ottawa’s OC Transpo for 124 Xcelsior Charge NG battery-electric buses, reinforcing OC Transpo’s commitment to sustainable transit. This order, part of New Flyer’s 2023 agreement with the Toronto Transit Commission, highlights NFI’s role in advancing public transit electrification in Canada, supported by local and federal funding, and marks a substantial step towards cleaner transportation in the National Capital Region.
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 stock score of 64 is driven by strong technical indicators and positive earnings call sentiment, despite financial performance and valuation concerns. The stock’s bullish momentum and strategic initiatives bolster confidence, though profitability and leverage issues limit higher valuation.
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 mass mobility solutions, specializing in zero-emission buses and coaches, infrastructure, and technology. With nearly 9,000 employees across ten countries, NFI offers a wide range of sustainable drive systems, including electric, natural gas, and hybrid options. The company operates under various brands, including New Flyer, MCI, and Alexander Dennis, supporting over 100,000 buses and coaches worldwide.
Average Trading Volume: 246,381
Technical Sentiment Signal: Buy
Current Market Cap: C$2.22B
For a thorough assessment of NFI stock, go to TipRanks’ Stock Analysis page.