Lion Electric vs. Blue Bird: Which Electric Vehicle Stock Is a Better Buy?
StockNews
Published Sep 20, 2021 09:45AM ET
Updated Sep 20, 2021 10:31AM ET
Lion Electric vs. Blue Bird: Which Electric Vehicle Stock Is a Better Buy?
If you are looking to invest in companies that manufacture commercial electric vehicles (EVs), you should consider stocks such as Lion Electric Company (LEV) and Blue Bird (NASDAQ:BLBD). Here, we analyze the recent results of both the companies and look at their valuation to see which is the better buy today.The shift towards electric vehicles (EVs) is inevitable making this nascent industry an extremely lucrative bet for long-term investors. While there are several companies targeting the business-to-consumer (B2C) EV space, the players in the commercial segment are quietly flying under the radar.
According to a report from Quince Market Insights, the commercial EV market is forecast to touch $62.4 billion in 2021. An expanding addressable market attracts various players and here we take a look at two companies in Lion Electric (LEV) and Blue Bird (BLBD) to see which stock should be part of your growth portfolio today.
While Lion Electric Company is trading at a market cap of $2.4 billion, Blue Bird is valued at a market cap of $564 million.
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