Financial PerformanceAnalyst recommends a Buy rating for BLBD with a target price of $66, indicating strong confidence in the company's financial outlook.
Growth And ExpansionBlue Bird was awarded an $80mn grant from the DOE’s MESC to go towards a new 600k sqft. plant to build type D school buses, showcasing growth and investment in future production capabilities.
Market DemandBacklog at year-end increased by approximately 10% year-over-year, indicating strong demand for Blue Bird's products and a positive outlook for future sales.