Hey Jennifer,
NFI has been struggling significantly. Why? Because it is having a very difficult time getting costs under control and the supply chain is also impaction operations. While one can point to the pandemic as a key reason for its struggles (which it has played a part), the warnings signs were there pre-pandemic. This led to a dividend cut and a propensity to consistently miss estimates.
At this point, I'm not the biggest fan of NFI because they haven't proven yet capable of getting things under control. It has been around 4 years of struggles operationally and until they can finally get rolling again, I'm sitting on the sidelines. Worth noting, I was bullish on them at one point since they had a pretty good track record of success but then they took on a little to much debt, the pandemic hit and they've been struggling ever since.
All this said, if they can get their act together - I do like the company as the largest bus manufacturer in NA and it is building out its EV fleet as well. So there is some things to like in terms of its market share and the shift to EV, but its operations that haven't kept up to standards.
Mat