Forget Tesla And Rivian: America's Iconic School Bus Maker Smokes EV, Auto Giants With 117% Stock Surge
Portfolio Pulse from Anan Ashraf
Blue Bird Corp (NASDAQ:BLBD), a maker of low-emission school buses, has seen its stock surge by 117% this year, driven by the Biden administration’s Clean School Bus Program. In contrast, major EV players like Tesla (NASDAQ:TSLA), Rivian (NASDAQ:RIVN), and Lucid (NASDAQ:LCID) have experienced significant stock declines. Blue Bird's strong financial performance and growing demand for electric buses have contributed to its impressive growth.
June 07, 2024 | 9:06 am
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NEGATIVE IMPACT
Lucid Group's stock has dropped 33% this year, highlighting its financial difficulties in contrast to Blue Bird's 117% stock surge.
Lucid Group's stock decline underscores its financial issues, making it relevant for investors comparing it to Blue Bird's strong performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Rivian's stock has plummeted 44% this year, reflecting the company's financial struggles and contrasting with Blue Bird's strong performance.
Rivian's significant stock decline highlights its financial challenges, making it relevant for investors comparing it to Blue Bird's success.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Tesla's stock is down 28% this year due to thinning margins and slowing demand, contrasting sharply with Blue Bird's 117% surge.
Tesla's stock decline is significant in the context of the broader EV market, especially when compared to Blue Bird's impressive gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 50
NEUTRAL IMPACT
Ford Motor Co. has not excited investors this year, contrasting with Blue Bird's 117% stock surge.
Ford's lackluster performance is noted but not as significant as the EV-specific companies in the context of Blue Bird's success.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Stellantis NV has not excited investors this year, contrasting with Blue Bird's 117% stock surge.
Stellantis' lackluster performance is noted but not as significant as the EV-specific companies in the context of Blue Bird's success.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Blue Bird Corp has seen a 117% stock surge this year, driven by strong financial performance and growing demand for electric school buses under the Biden administration’s Clean School Bus Program.
Blue Bird's stock surge is directly tied to its strong financial performance, robust order backlog, and growing demand for electric buses, making it highly relevant and important for investors.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
General Motors Co. has seen a 27% stock gain this year, making it an exception among established automakers, though still less impressive than Blue Bird's 117% surge.
General Motors' stock gain is notable among established automakers, though it pales in comparison to Blue Bird's impressive performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 30