Stockchase Recommendations The monthly best stock ideas newsletter is now "The Monthly Gems"which features this month's most promising stock ideas.
Winnipeg busmaker was once a Bay Street darling, then production numbers tanked before Covid sent the stock went into purgatory. Emerging from the lockdown, though, NFI is now in a good position to capitalize on the e-vehicle trend. The busmaker is rolling out more zero-emission vehicles, which cities across North American will favour under the eco-friendly Biden administration. Jurisdictions across North America will need to replace their aging fleets, anyway. NFI has also been expanding into Europe, including the U.K. In fact, at the end of June, NFI delivered four double-decker e-buses to Edinburgh. The street targets $34.67 or 24% upside based on six buys. The stock has edged up in the last weeks, but remains $5 below its 52-week high. Pick it up and see where the ride takes you before committing more, and collect the 3% dividend yield.