Westport Innovations (WPRT) falls 2.3% AH after announcing a 5M share stock offering, good for...

|About: Westport Fuel Systems, Inc. (WPRT)|By:, SA News Editor

Westport Innovations (WPRT) falls 2.3% AH after announcing a 5M share stock offering, good for proceeds of $228.3M based on today's close. The news is overshadowing Wesport's guidance hike: the company now expects to report 2011 revenue of $260M-$264M, above prior guidance of $240M-$250M. Westport also expects 2012 revenue of $400M-$425M, above an FY13 (ends March '13) consensus of $347M.