The latest update is out from Westport Fuel Systems ( (TSE:WPRT) ).
In April 2025, Westport Fuel Systems announced significant strategic shifts, including the divestiture of its light-duty business to focus on decarbonizing challenging mobility applications. This move, along with the formation of a joint venture with Volvo Group, positions Westport to enhance shareholder value by leveraging its fuel-agnostic technologies to develop zero-emission hydrogen solutions. The company also announced changes in its board composition, with a reduction in size and the departure of key members, aligning its governance structure with its strategic objectives.
More about Westport Fuel Systems
Westport Fuel Systems Inc. operates in the clean energy sector, focusing on providing solutions to decarbonize mobility and industrial applications. The company is known for its alternative fuel technologies, targeting difficult-to-abate commercial transport applications with a market focus on emission reduction and energy transition.
YTD Price Performance: -19.27%
Average Trading Volume: 42,172
Technical Sentiment Signal: Strong Buy
Current Market Cap: $54.34M
For a thorough assessment of WPRT stock, go to TipRanks’ Stock Analysis page.