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RBC Capital analyst Christopher Dendrinos maintains Westport Fuel Systems (NASDAQ:WPRT) with a Sector Perform and lowers the price target from $1.75 to $1.
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The CEF allows, but does not obligate, Westport to issue and sell up to US$25 million of its common shares to RPI, at Westport’s discretion by way of private placement and subject to certain conditions set forth in the
Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), today announced Cespira, its joint venture with Volvo Group, released new technical details of HPDI™ 3.0, the next generation of its proven High
Westport Innovations reported a Q2 loss of 53 cents per share, wider than expected, with revenues declining 78.3% year-over-year due to the planned end of a Heavy-Duty OEM agreement. However, subsidiary Cespira showed strong growth with revenues jumping 125% and narrowing losses by 65%. The company faces going-concern risks with insufficient projected cash resources for the next 12 months, though it targets Cespira break-even in 2027. Estimates have trended upward since the earnings release.