In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Westport Fuel Systems (WPRT – Research Report). The company’s shares closed yesterday at $5.98.
According to TipRanks, Stine is a 4-star analyst with an average return of 4.2% and a 35.71% success rate. Stine covers the Industrials sector, focusing on stocks such as Plug Power, PureCycle Technologies, and Chart Industries.
Westport Fuel Systems has an analyst consensus of Moderate Buy, with a price target consensus of $19.00, representing a 217.73% upside. In a report released on March 11, Lake Street also maintained a Buy rating on the stock with a $19.00 price target.
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Based on Westport Fuel Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $77.39 million and a GAAP net loss of $11.94 million. In comparison, last year the company earned a revenue of $71.18 million and had a GAAP net loss of $11.93 million
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Westport Fuel Systems (WPRT) Company Description:
Westport Fuel Systems, Inc. engages in the engineering, manufacture, and supply of alternative fuel systems and components. It operates through the following segments: Transportation, Cummins Westport Inc. (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications. The CWI Joint Venture segment serves the medium and heavy-duty on highway engine markets. The Corporate segment refers to the public company activities, corporate oversight, and general administrative duties. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.
