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Westport Fuel Systems ( (TSE:WPRT) ) has provided an announcement.
Westport Fuel Systems has begun production at its expanded high-pressure controls and systems facility in Cambridge, Ontario, and at a new China Hydrogen Innovation Center and manufacturing plant in Changzhou, China, both dedicated to GFI-branded hydrogen, CNG and RNG fuel system components. The dual-site expansion increases Westport’s global manufacturing capacity, tightens its footprint in the world’s largest hydrogen transportation market, and strengthens its ability to serve a growing customer base in commercial vehicles, buses, trains, marine, material handling and stationary power, while bolstering North American innovation and logistics for high-pressure alternative fuel technologies.
The most recent analyst rating on (TSE:WPRT) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Westport Fuel Systems stock, see the TSE:WPRT Stock Forecast page.
Spark’s Take on TSE:WPRT Stock
According to Spark, TipRanks’ AI Analyst, TSE:WPRT is a Neutral.
The score is held down primarily by weak financial performance (declining revenue, ongoing losses, and deteriorating free cash flow), partially offset by a stronger balance sheet with low leverage. Technicals provide some support from positive momentum, but overbought signals raise near-term risk. Earnings call messaging is mixed, with improved margins and planned cost reductions counterbalanced by a larger net loss and negative EBITDA.
To see Spark’s full report on TSE:WPRT stock, click here.
More about Westport Fuel Systems
Westport Fuel Systems is a Vancouver-based technology and innovation company that supplies affordable, low-emissions alternative fuel systems and components to the global transportation industry. Its products, including GFI-branded high-pressure regulators, valves and pressure relief devices, support a wide range of clean fuels such as natural gas, renewable natural gas and hydrogen, enabling automotive, truck, bus and industrial OEMs to transition from traditional fuels to cleaner energy solutions while meeting performance, regulatory and climate targets.
YTD Price Performance: 33.18%
Average Trading Volume: 12,892
Technical Sentiment Signal: Sell
Current Market Cap: C$50.18M
For an in-depth examination of WPRT stock, go to TipRanks’ Overview page.