Westport +24% as Q1 results move closer to profit

Westport Innovations (WPRT +24.2%) is soaring after Q1 earnings beat expectations and showed signs of moving towards making a profit.

Q1 gross margin rose to 12.3% from 8.1% due primarily to sales of higher margin product such as the Westport WiNG System and service revenue.

Issued in-line guidance for FY 2014, seeing revenues C$175M-C$185M vs. C$183.6M analyst consensus estimate.

Comments (1)
  • mikey2006
    , contributor
    Comments (124) | Send Message
    Congress is quietly discussing tax credits for natural gas truck purchases, station build outs as part of the 2015 budget negotiations. Look out if those are approved. Currently state level initiatives in florida, oklahoma, penn, ca, etc. are having a huge impact on the industry. Additionally, reinstatement of the VETC will be a huge incentive for fuel suppliers. I'm long both WPRT and CLNE.
    2 May 2014, 03:51 PM Reply Like
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