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Tag: Westport Fuel Systems Inc.

  • Q4 Financial Statement Issuance: Westport Fuel Systems Inc. (WPRT) Stock Rebounds in Aftermarket

    Westport Fuel Systems Inc. (WPRT) is a leading global driver for a ‘cleaner tomorrow’ cause. It is a major provider of unconventional fuel delivery platforms for low-carbon fuels to the international automotive business. The company’s advanced Fuel Systems technology brings the fuel efficiency and performance utilized in transportation applications.

    WPRT stock price during the regular trading on March 14, 2022, fell by 4.86% to be $1.37. Its price inclined gradually by 3.65% at the last check of the aftermarket.

    WPRT: Key Financials

    On March 14, 2022, WPRT released unaudited fourth quarter 2021 financials for three months ended December 31, 2021. Some important highlights are shared here.

    Revenue

    Total revenue was $82.7 million in Q4 of fiscal 2021 corresponding to $83.9 million in the corresponding quarter of 2020. The company’s revenue was decreased by 1% over the yearly span.

    EPS

    Basic and diluted net earnings in the fourth quarter of 2021 were $5.3 million or $0.03 per share compared to $4.1 million or $0.03 per share for the corresponding quarter of 2020. Its net earning increased year-over-year.

    WPRT: Events and Happenings

    On March 8, 2022, WPRT trading halted and resumed multiple times. On February 17, 2022, WPRT announced its Chief Executive Officer David Johnson presented the company at the Water Tower Research on February 24. On February 07, 2022, WPRT and Cummins Inc. reported about their acquisition contract for the sale of the company’s stake in its joint venture with Cummins. Their joint venture contract ended with effect from December 31, 2021.

    On January 27, 2022, WPRT updated on joining a globally-acclaimed Hydrogen Council as its supporting member. The council is an international CEO-level advisory framework that provides a long-term visualization for hydrogen technology’s role in an energy transition.

    Conclusion

    WPRT stock lost 86% in the previous year primarily due to the pandemic restrictions exercised globally. Its recent stock surge in aftermarket trading is the result of the financial statement released as the company’s earnings gained momentum over the year. For the first quarter of FY2022, the company’s revenue range is $82.5 million versus -$0.02 EPS.

  • Westport Fuel Systems (WPRT) – Growing Through Challenges?

    Westport Fuel Systems Inc. (WPRT) has spiked 16.57% at $2.04 in pre-market trading hours on the last check Friday. Westport Fuel Systems (WPRT) stock lost -6.91% to complete the last trading session at $1.75. The price range of WPRT shares was between $1.74 and $1.94. WPRT traded 1.58 million shares, which was below its daily average of 1.84 million shares over 100 days.

    Westport Fuel Systems (WPRT) shares have dropped by -6.42% in the last five days, while they have lost -24.57% in the last month. WPRT is currently trading at a price to earnings ratio of 16.67 and a price to book ratio of 1.02.WPRT stock is surging after joining an international platform.

    What platform is WPRT a part of?

    Westport Fuel Systems (WPRT) is leading the charge for a greener future. WPRT is a prominent supplier of sophisticated fuel delivery components and systems to the worldwide automobile industry for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen.

    Technology from Westport Fuel Systems (WPRT) provides the performance and fuel economy required by transportation applications, as well as environmental benefits that address climate change and urban air quality issues. WPRT is headquartered in Vancouver, Canada, and has operations in Europe, Asia, North America, and South America. Its top global transportation brands service consumers in more than 70 countries.

    Westport Fuel Systems (WPRT) announced today that it has become a supporting member of the globally renowned Hydrogen Council. The Hydrogen Council is a worldwide CEO advisory council that provides a long-term vision for hydrogen technology’ crucial role in an energy transition for greener transportation solutions.

    The Hydrogen Council’s mission is to:

    • Raise awareness of the existing hydrogen solutions available and the work that has been done in this area.
    • Advocate for the critical role of hydrogen technology in achieving climate, energy security, and competitive goals, as well as improved deployment circumstances.
    • To achieve its objectives, it will collaborate with and provide suggestions to a number of key stakeholders, including politicians, the business community, international organizations, and civil society.
    • CEOs from Airbus, Bosch, BMW GROUP, Daimler, ENGIE, Honda, Hyundai, Iveco Group, Kawasaki, Mitsubishi, Shell, The Linde Group, Toyota, and Weichai are among the members of the Hydrogen Council.

    What will WPRT’s role be in collaborating with the council?

    The Hydrogen Council’s mission is to improve worldwide collaboration and industry collaboration in order to scale up hydrogen solutions for greener transportation. Green hydrogen in internal combustion engines and fuel cell cars will be critical in decarbonizing transportation, according to Westport Fuel Systems (WPRT). WPRT has committed to collaborating with the Hydrogen Council to develop hydrogen’s position in the clean energy transition as a worldwide leader in gaseous fuel options.

  • Top 10 Auto parts stock for your portfolio

    Top 10 Auto parts stock for your portfolio

    For most investors, the auto industry was seen to be relatively quiet and boring until ‎recently. Cars are becoming ‎high-tech machines due to the rise of electric vehicles and ‎autonomous driving. Some of the up-and-coming players ‎in the space are becoming really ‎excited about these technologies. A major reason for all this interest in innovative ‎auto ‎stocks is that the nature of the car business is changing. It is no longer sufficient to have a ‎vehicle that ‎performs well mechanically. Besides, you must integrate cutting-edge ‎technology into every facet of that experience ‎as well.‎

    As well, Tesla (NASDAQ: TSLA) saw its stock soar during 2020, with more young EV ‎wannabes following in Tesla’s ‎footsteps in a frenzy of IPOs and SPACs to raise money from ‎an eager public. Even though some of the EV stocks ‎have gotten ahead of themselves in the ‎long term, many haven’t. The market cap of several companies now ‎exceeds billions, ‎despite very little revenue so far.‎‎

    Aptiv PLC (NYSE:APTV) shares were trading down -0.79% at $123.32 at the time of writing ‎on Monday.‎

    Aptiv PLC (NYSE:APTV) share price went from a low point around $29.22 to briefly over ‎‎$125.76 in past 52 weeks, though shares have since pulled back to $123.32. APTV market cap has remained high, ‎hitting $33.46B at the time of writing, giving it price-to-sales ratio of more than 2.‎

    If we look at the recent analyst rating APTV, KeyBanc Capital Markets downgraded ‎coverage on APTV shares with a Sector weight rating and a $120.32 price target, which implies ‎room for -3.0% downside momentum this year.‎

    American Axle & Manufacturing Holdings Inc. (AXL) last closed at $7.73, in a 52-week ‎range of $2.50 to $10.99. Analysts have a consensus price target of $9.00.‎

    BorgWarner Inc. (BWA) stock drop by -0.21% to $38.54. On December 2, 2020, the ‎company reported that it been awarded on Newsweek’s list of America’s Most Responsible Companies 2021. The ‎most recent rating by Wolfe Research, on November 12, 2020, is at a Peer perform.

    Dana Incorporated (NYSE:DAN) Shares headed falling, lower as much as -0.31%. The ‎company on December 7, 2020 declared that it was named one of “America’s Most Responsible Companies 2021” ‎by Newsweek Magazine. The most recent rating by Barclays, on December 17, 2020, is at an Equal weight.

    Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fall 0.00% after losing more than ‎‎$0.0 on Monday. The firm recently revealed that the it will join the University of Michigan’s TechLab at Mcity ‎‎2021 startup cohort, managed by the Center for Entrepreneurship.‎

    Gentex Corporation (GNTX) last closed at $33.51, in a 52-week range of $19.48 to $34.01. ‎The BOD of the company on December 2, 2020 announce fourth quarter 2020 cash dividend. Analysts have a ‎consensus price target of $34.97.‎

    The Goodyear Tire & Rubber Company (GT) stock drop by -1.44% to $10.29. The company ‎and SafeAI, on December 10, 2020 reported a strategic relationship to incorporate tire intelligence into the ‎programming of autonomous heavy equipment vehicles. The most recent rating by Morgan Stanley, on December ‎‎11, 2020, is at an Equal-weight.‎

    Hyliion Holdings Corp. (NYSE:HYLN) Shares headed falling, lower as much as -1.83%. The ‎most recent rating by Barclays, on December 16, 2020, is at an Overweight.‎

    LKQ Corporation (NASDAQ:LKQ) fall -0.64% after losing more than -$0.23 on ‎Monday.

    QuantumScape Corporation (QS) last closed at $94.90, in a 52-week range of $9.74 to ‎‎$87.50. The company on December 8, 2020 released performance data for its solid-state battery technology. ‎Analysts have a consensus price target of $28.00.‎

    Tenneco Inc. (TEN) stock soar by 0.10% to $9.83. The company on December 9, 2020 ‎revealed that it has been named to Newsweek’s 2021 list of America’s Most Responsible Companies. The most ‎recent rating by JP Morgan, on April 02, 2020, is at a Neutral.

    Westport Fuel Systems Inc. (NASDAQ:WPRT) Shares headed falling, lower as much as -‎‎0.59%. The most recent rating by Lake Street, on May 10, 2019, is at a Buy.