- Allison Transmission Holdings Inc (NYSE:ALSN) has announced New Flyer Industries Canada ULC and New Flyer of America Inc (New Flyer) will begin offering eGen Flex electric hybrid propulsion system in early 2022.
- New Flyer is a transit bus manufacturer and a subsidiary of NFI Group Inc (OTC:NFYEF).
- Allison’s eGen Flex system is capable of full-electric drive for up to 10 miles. It improves fuel economy by up to 25% versus a conventional clean diesel bus.
- Price Action: ALSN shares closed lower by 1.08% at $35.74 on Tuesday.
Wolfe Research Upgrades SBA Communications to Peer Perform
Wolfe Research analyst Andrew Rosivach upgrades SBA Communications (NASDAQ:SBAC) from Underperform to Peer Perform.
