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.

Comments (1)
  • doubleducks
    , contributor
    Comments (67) | Send Message
    Old infrastructure can deter the development of new infrastructure. This occurs in the developed countries.




    Land lines deterred the adoption of cell phones in the US, while the adoption was more rapid in China which did not have the land line infrastructure to compete with.




    The multi-trillion dollar infrastructure of gasoline/diesel refueling that exists in the US deters the adoption of natural gas as a surface fuel since no large oil company wants to replace existing infrastructure for a new infrastructure that would only compete with the existing one. Again, China does not have the mature refueling infrastructure of the US, plus adoption of nat gas there is being mandated by the government.
    6 Sep 2013, 07:20 PM Reply Like
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