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Wednesday, Sep 4
Westport well positioned as more trucks turn to nat gas, Demmers tells Cramer
- Westport Innovations (WPRT +0.8%) enjoys a bump after Jim Cramer says WPRT is well positioned as more trucks turn to natural gas.
- CEO David Demmers tells Cramer that just 1% of all trucks in the U.S. are running on natural gas, but the trendline points to growth; many in the industry are racing to build the proper infrastructure to meet expected demand. (video)
- Nat gas is cleaner and cheaper than diesel, and wide availability in the U.S. and China will make it a popular energy source for years to come, the CEO says.
- WPRT also has a strong partnership with Ford, with its technology included in 11 vehicles and in the F-150 starting next year.