Westport Fuel Systems ( (TSE:WPRT) ) has issued an update.
Westport Fuel Systems announced a transformative year in 2024, marked by significant improvements in operational efficiency and financial performance, including a notable increase in gross margin and positive cash flow from operations. The company strengthened its strategic alliance with Volvo Group through the Cespira joint venture, focusing on decarbonizing heavy transport with the HPDI fuel system. In March 2025, Westport announced plans to divest its Light-Duty business to concentrate on providing solutions for hard-to-abate transport applications, leveraging fuel-agnostic technologies and expanding its natural gas and hydrogen solutions.
More about Westport Fuel Systems
Westport Fuel Systems is a leading supplier in the automotive industry, specializing in advanced fuel delivery systems and components for alternative, low-carbon, and renewable fuels. The company focuses on providing solutions for combustion-powered vehicles and future fuel cell and hydrogen-fueled vehicles, aiming to reduce carbon emissions and meet greenhouse gas standards.
YTD Price Performance: 0.52%
Average Trading Volume: 40,549
Technical Sentiment Signal: Strong Buy
Current Market Cap: $67.2M
For detailed information about WPRT stock, go to TipRanks’ Stock Analysis page.