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Westport Innovations (WPRT -6.5%) drops after its Q1 results misses estimates yesterday. Revenue...

  • Wednesday, May 9, 2012, 12:03 PM ET
    Westport Innovations (WPRT -6.5%) drops after its Q1 results misses estimates yesterday. Revenue soared over 132% Y/Y, but bottom line margins were still hard hit by higher expenses. The company says it expects revenue growth of about 50% this year, which would put it in a range of between $400M and $425M, in line with Street expectations.
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This news story has 4 comments:

  •  
    good opportunity to buy more WPRT.
    9 May 2012, 02:56 PM Reply Like
  •  
    I agree. As soon as LNG stations has been scaled up from todays 6000 to appr. 30 000 across the US (500%) the hype will send WPRT and others in the business to the sky. Moneywise that is. ;)

    Guess the building of new pump stations will go rapid.
    9 May 2012, 04:29 PM Reply Like
  •  
    As soon as when?
    9 May 2012, 04:30 PM Reply Like
  •  
    I think WPRT still has room at the bottom. I see support at the 24-25 level. IMHO it was not the earnings near miss, but memories of that article in Barrons which is still doing the damage.
    On reflection, CMI's actions are perfectly reasonable. CMI buys 2 engines from WPRT, which for such a David and Goliath reletionship is way more than enough, so it is quite logical that they want to build an engine (the 13 litre I believe). And this must have been done with WPRT's blessing to obtain their expertise and avoid patent issues.
    The key issue, is that WPRT must reach profitability before it wins back market confidence.
    9 May 2012, 09:45 PM Reply Like
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