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Westport Innovations (WPRT -3%) bows to market pressure today, ignoring Deutsche's initiation of...

Westport Innovations (WPRT -3%) bows to market pressure today, ignoring Deutsche's initiation of the the shares with a Buy rating and $38 target price. Deutsche says the natural gas vehicle market has reached an inflection point as infrastructure bottlenecks have been eliminated the technology garners greater interest. Additionally, HPDI engine prices are down 25% from a year ago, which should spur buyers and give a boost to sales, and the company has multiple new products set to debut next year.
Comments (3)
  • asiliski
    , contributor
    Comments (2) | Send Message
     
    WPRT is at an interesting phase transition. I would expect to see much more stock movement once their new engines are in production in 2013 and oil goes back up
    15 Nov 2012, 05:11 PM Reply Like
  • filo67
    , contributor
    Comments (61) | Send Message
     
    I'd like to ask readers for their thoughts regarding the following convoluted question:

     

    There are certain currents on the media landscape that claim that Detroit has been instrumental in "killing" the electric car (see http://bit.ly/UKpStU for example), just as they successfully hindered the emergence of any semblance of development of mass transit from the 1950's onward (this is very well documented).

     

    With OEM's likely being Big Oil's greatest ally, one might surmise that development of NG transportation does not necessarily top their agenda. No one can say the technology does not exist, nor that it isn't being used, Italy, India and several South American countries providing clear examples thereof.

     

    That said, several have pointed to short interest in WPRT as a textbook case (often surpassing 30%).

     

    Lest there be any doubt, I am a fervent follower of WPRT for all of the reasons readers are aware of. I am thus as bewildered as anyone before what seem to be totally irrational movements in its stock price in light of its current activities and future potential. Granted, people rarely concede that prices move 'rationally'. Please believe me when I say that I do not consider myself a conspiracy theorist.

     

    Nevertheless, my question is thus: Could such huge short interest be part of a hidden agenda on behalf of Big Oil to create wild and unforeseeable price disturbances among individual and institutional shareholders alike? A way of 'burning' those striving towards an economy with a greater NG orientation? A tool for raising the bar and keeping the competition away?

     

    It seems as though neither fundamental nor technical analysis could explain such movement, (to wit, the above mentioned 3% drop on 'good news' from a rather reliable source) yet I'm certainly willing to listen to anyone willing to prove the contrary.

     

    I welcome your thoughts - whether they confirm or deny my own.

     

    16 Nov 2012, 09:46 AM Reply Like
  • skidwilly
    , contributor
    Comment (1) | Send Message
     
    Filo,
    I follow and have been following westport for at least a year now. And watching if the NG thing happen or not. Common sense says that NG is a good thing. But I also see Big Oil "investing" in NG and have wondered the same thing. Nothing ever stands in the way of profits for them.....consumption consumption, is our major function.
    16 Nov 2012, 04:01 PM Reply Like
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