Electric school bus funds ‘flowing’ positive for Blue Bird, says Barclays

Barclays says round 3 of the Clean School Bus was unfrozen by the EPA after a review in accordance with recent executive orders, noting that about 10% of the roughly $900M total was “approved in the last week alone.” This news is “incrementally positive” for Blue Bird (BLBD) in a backdrop where “most things EV have been seemingly more cautious,” according to the analyst, who has an Overweight rating and $54 price target on the bus maker’s shares.