Westport Unveils CNG Solution for HPDI Engines, Enhancing Clean Transportation

Westport Fuel Systems ( (TSE:WPRT) ) has provided an update.

Westport Fuel Systems has announced a new compressed natural gas (CNG) solution for its HPDI engines, aiming to expand its market reach and improve the affordability and performance of heavy-duty natural gas trucks. This innovation is expected to significantly impact the transportation industry by offering a viable alternative to diesel, reducing emissions, and providing economic advantages for fleet operators, particularly in North America where natural gas resources are abundant.

The most recent analyst rating on (TSE:WPRT) stock is a Sell with a C$2.50 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 Underperform.

Westport Fuel Systems’ overall stock score is primarily impacted by its financial performance and technical analysis. The company faces significant financial challenges with declining revenues and persistent losses. Technical indicators suggest bearish momentum, with the stock trading below major moving averages. Valuation metrics are weak, with a negative P/E ratio and no dividend yield. These factors collectively result in a low overall stock score.

To see Spark’s full report on TSE:WPRT stock, click here.

More about Westport Fuel Systems

Westport Fuel Systems Inc. is a supplier of alternative fuel systems and components for the global transportation industry. The company focuses on providing solutions that enable the use of natural gas and renewable natural gas, as well as blends with hydrogen, to power heavy-duty vehicles, aiming to deliver high-efficiency performance and economic benefits.

Average Trading Volume: 12,717

Technical Sentiment Signal: Sell

Current Market Cap: C$48.41M

For an in-depth examination of WPRT stock, go to TipRanks’ Overview page.