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NFI Group Inc T.NFI

Alternate Symbol(s):  NFYEF | T.NFI.DB

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).


TSX:NFI - Post by User

Comment by Techsavyon Feb 26, 2022 10:32am
232 Views
Post# 34464237

RE:Seems to be pretty much dead money here.

RE:Seems to be pretty much dead money here.
Realistically, this will take a few more months to get traction. NFI now appears to be tracking market action more closely, after recent financing woes pushed it back to 52 week lows. The difference here is, projections put forward earnings at just under a half billion dollars by 2025. First positive news on any supply chain improvements and we should get a definitive move to the upside.
The chart was shaping up for a bullish breakout of the range (ascending triangle) just before Ukraine situation but now needs a few more days to fill in where we left off. Support is 18 and resistance at 20.
Just hoping for some market assistance now!
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