Blue Bird (BLBD) stock surged 5.04% in the intraday trading session on Thursday, driven by the company's ambitious plans to expand its electric vehicle (EV) fleet and robust financial performance in the first quarter of fiscal 2025.

The transportation company announced its target to add 1,000 EVs to its fleet by 2025, reflecting its commitment to sustainable mobility and addressing the growing demand for environmentally-friendly transportation solutions. This strategic move aligns with Blue Bird's efforts to transition towards cleaner and more efficient transportation alternatives.

Furthermore, Blue Bird reported strong financial results for the first quarter of fiscal 2025, including a record adjusted free cash flow of $22 million and a 22% increase in its EV backlog compared to the end of fiscal 2024. The company's leadership in the alternative-powered vehicle segment and the robust backlog of over 4,400 school buses solidify its position in the industry and support its pricing and production stability.