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Westport Fuel Systems Inc T.WPRT

Alternate Symbol(s):  WPRT

Westport Fuel Systems Inc. is a global company focused on engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. Its segments include Light-Duty, High-Pressure Controls & Systems, Heavy-Duty OEM, Corporate, and HPDI joint venture (JV). Light-Duty segment manufactures liquified petroleum gas (LPG) and compressed natural gas (CNG) fuel storage solutions and supplies fuel storage tanks to the aftermarket, original equipment manufacturer (OEM), and other market segments across a range of brands. High Pressure Controls & Systems segment designs, develops, produces and sells components for transportation and industrial applications. Heavy-Duty OEM segment provides transitional services. The HPDI JV sells systems and components, including LNG HPDI 2.0 fuel system products, to engine OEMs and commercial vehicle OEMs. Its fuel systems and associated components control the pressure and flow of alternative fuels.


TSX:WPRT - Post by User

Bullboard Posts
Post by msillusionon Feb 16, 2013 3:45pm
573 Views
Post# 21000630

Breakout above $30 resistance on Fri

Breakout above $30 resistance on Fri

On Fri WPRT-Q closed at $ 31.54 +2.32 (7.94%),  when the markets traded -ve most of the day

https://seekingalpha.com/article/1189291-stock-action-westport-innovations?source=yahoo

 

"Expanding on that partnership with Cummins, WPRT stock popped on Friday on analyst speculation of a takeover by CMI. With that move, the stock looks close to staging a technical breakout through resistance between $31 and $32, at which point it has room up to around $36.

The stock is not without risk, as with a lot of developing technologies the company has been running at losses. Expectations are that it will lose $1.13 per share in 2013, a modest improvement from a $1.57 loss in 2012. However, revenue growth is still expected to be 28%. It currently has a net asset value (assets minus liabilities) of approximately $401 million, which includes $258 million of cash and $82 million of debt. And given the company's strength in the field, and still relatively small market cap ($1.5 billion), we don't think it's out of the question that the company could eventually be seen as a takeover target."

The commentators of the article pointed out that Obama's "clean fuels" may not include nat gas, 30-40% cleaner. He and his EPA have stonewalled nat gas development entirely and even revenue neutral nat gas energy policy floated in Senate/Congress was quashed summarily multiple times last year. But the engines and technology WPRT develops will power transportation needs in China and most of Europe.

Bullboard Posts