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As the US market leader in zero-emission school buses, Blue Bird (BLBD) continues to benefit from a significant modernization need following the challenging supply chain issues of recent years. Notably, orders at Blue Bird increased year-over-year, despite the industry displaying a declining trend. I expect a big-picture breakout: 570,000 school buses transport 26 million schoolchildren daily. Out of these, 47% of the vehicles are already over 10 years old, with an average replacement timeframe of 15 years. The EPA's Clean Bus Program has...
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