Stocks · News reference
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
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
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.
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.