Westport announces purchase order for LNG tank systems


Westport Innovations (WPRT -0.7%) says Universal LNG Solutions has placed a blanket purchase order for 900 Westport Ice Pack LNG Tank Systems to be delivered over the next two years.

The news is another bit of evidence in the growing interest in natural gas fuels; a new WSJ report describes how operators of some of the largest U.S. truck fleets are accelerating a shift to natural gas-fueled trucks, betting on new engine technology that promises to drop the cost of shifting from diesel fuel.

Comments (3)
  • thinker75
    , contributor
    Comments (10) | Send Message
     
    Market sentiment is a funny thing, it distorts fundamentals, at some point WPRT will take off back to its previous highs. The key is timing but I have had 3 winning options trades and it looks like it is setting up again.
    30 Oct 2013, 12:54 PM Reply Like
  • Diggerdugit
    , contributor
    Comments (79) | Send Message
     
    So what is your option stratagy?
    30 Oct 2013, 02:02 PM Reply Like
  • Hendershott
    , contributor
    Comments (1773) | Send Message
     
    It's still too expensive on market cap to revenues. 10x It will likely wait for the revenue ramp which should be sometime next year, according to the estimates.
    30 Oct 2013, 08:53 PM Reply Like
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