RBC Capital Maintains Sector Perform on Westport Fuel Systems, Lowers Price Target to C$1
RBC Capital analyst Christopher Dendrinos maintains Westport Fuel Systems (TSX:WPRT) with a Sector Perform and lowers the price target from C$1.75 to C$1.
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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
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RBC Capital analyst Christopher Dendrinos maintains Westport Fuel Systems (TSX:WPRT) with a Sector Perform and lowers the price target from C$1.75 to C$1.
Westport Fuel Systems (TSX:WPRT) reported quarterly losses of $(0.64) per share which missed the analyst consensus estimate of $(0.37) by 72.97 percent. This is a 120.69 percent decrease over losses of $(0.29) per share
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 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.
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.