What's Going On With School Bus Manufacturer Blue Bird Shares Today?
Portfolio Pulse from Nabaparna Bhattacharya
Blue Bird Corporation (NASDAQ:BLBD) shares are trading lower despite the announcement of supplying 23 electric school buses to Carter County Schools in Kentucky. The buses represent a shift towards zero-emission student transportation. The new model features a 196kWh battery, 25% more capacity than previous models, faster charging, reduced weight by 1,000 lbs, and increased seating capacity to 77 passengers. The purchase was supported by a $9.09 million grant from the EPA's Clean School Bus Rebate Program. The EPA plans to offer another $1 billion for clean buses in 2023. BLBD's stock is down 4.19% to $25.21.
January 03, 2024 | 4:58 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Blue Bird Corporation's stock is trading lower despite positive news about supplying electric school buses to a Kentucky school district, supported by an EPA grant.
Despite the positive news of a new deal and support from the EPA, the stock price of Blue Bird Corporation has declined. This could be due to market conditions, investor sentiment, or other external factors not mentioned in the article. The news is significant as it pertains to the company's product adoption and potential revenue growth, but the negative stock price reaction suggests that the market may have had higher expectations or there are other concerns weighing on the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100