Westport Fuel Systems

Westport Fuel Systems, Inc. is a transportation technology company. It engages in the engineering, manufacture, and supply of alternative fuel systems and components. The firm operates through the following segments: Transportation, The 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.

Earnings data Q4 2020

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Westport Fuel Systems, Inc. engages in the business of engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. It operates through the following segments: Original Equipment Manufacturers (OEM), Independent Aftermarket (IAM), and Corporate. The OEM segment includes designing, manufacturing, and selling alternative fuel systems, components, and electronics including the HPDI 2.0 fuel systems product and engineering services. The IAM segment focuses on alternative fuel systems and components that consumers can purchase and have installed onto vehicles to use liquid petroleum or compressed natural gas fuels in addition to gasoline. The Corporate segment is involved in public company activities, corporate oversight, financing, capital allocation, and general administrative duties such as securing intellectual property. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.

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Why Is Westport Fuel Systems (WPRT) Stock Up Today?

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VANCOUVER, British Columbia, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX/ Nasdaq: WPRT) will disclose its fourth-quarter and full-year 2021 financial results on Monday, March 14, 2022, after market close. Westport Fuel Systems' Management will host a call to review the financial results on Tuesday, March 15, 2022, at 10:00 am EST | 7:00 am PT.

Westport Fuel Systems to Announce Fourth-Quarter and Full-Year 2021 Financial Results on Monday, March 14, 2022

VANCOUVER, British Columbia, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced David Johnson, CEO of Westport Fuel Systems, will have a Fireside Chat discussion with research analysts Graham Mattison and Shawn Severson of Water Tower Research on Thursday, February 24 at 2:00pm ET (11:00am PT).

Westport Fuel Systems to Participate in Water Tower Research Fireside Chat Event February 24, 2022 at 2:00pm ET

Cummins

COLUMBUS, Ind. & VANCOUVER, British Columbia--(BUSINESS WIRE)--Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT | Nasdaq:WPRT) have agreed to a share purchase agreement for the sale of Westport's stake in the Cummins Westport Joint Venture (“JV”) with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. As part of the agreement, Cummins also will b

Cummins to Purchase Remaining Shares in the Former Cummins Westport Joint Venture from Westport Fuel Systems

VANCOUVER, British Columbia, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has joined the internationally-recognized Hydrogen Council (www.hydrogencouncil.com) as a supporting member. The Hydrogen Council is a global CEO-level advisory body providing a long-term vision for the important role of hydrogen technologies in an energy transition for cleaner transportation solutions.

Westport Fuel Systems Joins World Hydrogen Council

VANCOUVER, British Columbia , Jan. 25, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced the appointment of Philip Hodge to the company's Board of Directors, effective January 25, 2022.

Westport Fuel Systems Appoints New Director

Price is down near 50%, it is either a fantastic value or fair representation of a struggling company.

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Westport Fuel Systems Inc. (WPRT) CEO David Johnson on Q3 2021 Results - Earnings Call Transcript

The company is about to lose a major source of income.

Why Westport Fuel Systems Stock Sank Today

While Westport (WPRT) slips to a loss in Q3 amid high operating expenses, its revenues increase year over year on the back of higher sales volumes.

Westport's (WPRT) Earnings and Sales Miss Estimates in Q3

VANCOUVER, British Columbia, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("WFS") (TSX:WPRT / Nasdaq:WPRT) reported financial results for the third quarter ended September 30, 2021, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Westport Fuel Systems Reports Third Quarter 2021 Financial Results

VANCOUVER, British Columbia, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq: WPRT) announced the award of a tender issued by NAFTAL, a branch of SONATRACH, the national Algerian Oil & Gas company. Westport Fuel Systems will supply 60,000 liquefied petroleum gas (“LPG”) systems over the next 18 months with related spare parts for a total value of about €9 Million.

Westport Fuel Systems awarded a tender for the supply of 60,000 LPG systems to NAFTAL, a premier Algerian petroleum firm

Westport (WPRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Westport Innovations (WPRT) Q3 Earnings Expected to Decline

VANCOUVER, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX/ Nasdaq: WPRT) will disclose its third quarter 2021 financial results on Monday, November 8, 2021 after market close. Westport Fuel Systems Inc. will hold its third-quarter results call for Tuesday, November 9, 2021 at 10:00 am Eastern Time (7:00 am Pacific Time).

Westport Fuel Systems to Announce Third Quarter 2021 Financial Results on Monday, November 8, 2021

I wrote a slightly bearish article about Westport Fuel Systems back in May of this year, arguing that their valuation was potentially too high given market dynamics. Since then, they've lost about 40% of their value, which brings me to study the long-term potential of an investment at current levels.

Westport Fuel Systems: After A 40% Drop, It's Time To Buy

VANCOUVER, British Columbia, Sept. 20, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) is pleased to release their 2020 Environmental, Social and Governance (“ESG”) Report outlining the Company's progress and sharing its forward plans to evolve and mature an embedded ESG strategy. This ESG report provides a third year of ESG performance data across our global operations and will be a valuable tool for investors and stakeholders to review Westport Fuel Systems' key material ESG topics, opportunities and performance.

Westport Fuel Systems Releases 2020 Environmental, Social and Governance Report

VANCOUVER, British Columbia, Sept. 17, 2021 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("WFS" or the "Company") (TSX:WPRT / Nasdaq:WPRT) announced that it has filed amended and restated unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2021 (the "Amended Statements") and related amended and restated management's discussion and analysis. The Amended Statements were required to correct an accounting error which was identified during an internal review of one of the Company's subsidiaries' statutory financial records. All figures are expressed in millions of United States dollars.

Westport Fuel Systems Restates Second Quarter 2021 Financial Statements due to Accounting Error

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Westport's (WPRT) revenues skyrocket 135% year over year to $84.7 million for the second quarter of 2021.

Westport (WPRT) Q2 Earnings & Sales Beat Estimates, Up Y/Y

Westport Fuel Systems, Inc. (WPRT) CEO David Johnson on Q2 2021 Results - Earnings Call Transcript

The natural-gas fuel technology company's second-quarter numbers appear good, but there's more than meets the eye.

Why Westport Fuel Systems Stock Is Surging Today

The stock price of Westport Fuel Systems Inc (NASDAQ: WPRT) increased by over 18% pre-market. This is why it happened.

WPRT Stock Price Increases Over 18% Pre-Market: Why It Happened

Westport (WPRT) delivered earnings and revenue surprises of 275.00% and 21.58%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Westport Fuel Systems Stock (WPRT)