11:41 AM EDT, 08/18/2025 (MT Newswires) -- (Adds National Bank comment and updates shares.)

BRP Inc. ( DOOO ) late on Sunday said it launched a new all-terrain vehicle, the 2026 Can-Am Outlander Electric, in an expansion of its electric powersports offering.

The 2026 Can-Am Outlander Electric is powered by the same in-house, modular Rotax E-Power powerpack as BRP's electric motorcycles and snowmobiles. The new model has 47 horsepower and 53 pound-feet of torque, with up to 80 kilometers of range in optimal conditions. The model also features instant throttle response, selectable ride modes, whisper-quiet operation and 830 kilograms of towing capacity.

The company's electric lineup now includes the Can-Am Pulse and Origin motorcycles, four Ski-Doo and Lynx electric snowmobiles, the Rotax E10 racing powerpack for karts, and the Can-Am Outlander Electric.

National Bank of Canada maintained its sector-perform on the company while raising its price target to $83.00 from $66.00 following BRP's release

The bank increased BRP's valuation multiple to 7.0x from 6.0x to better reflect current peer group multiples.

"Although we see limited downside for the stock from current levels, we remain on the sidelines as we await more tangible signs that retail demand has bottomed and some greater certainty around tariffs," National Bank said.

The company's shares were last seen up $0.45 to $78.66 on the Toronto Stock Exchange.

Price: 78.76, Change: +0.55, Percent Change: +0.70