It looks to be 'much ado about nothing' for Westport Innovations (WPRT +9%) this morning as the stock abruptly reverses course to trade markedly higher following its Q3 earnings miss and trading halt yesterday. The stock initially opened down nearly 5% in after it resumed trading during the post-session yesterday, but quickly executed an about-face during the pre-open session and hasn't looked back since. [View news story]
Westport Innovations (WPRT -6%) is opened with a Sell rating at Goldman Sachs, seeing downside despite opportunities in natural gas engines due to the Cummins JV that accounts for nearly all of WPRT medium-term profits that's scheduled to terminate in 2021, and high distribution support requirements that limit normalized profitability for the Heavy Duty franchise. [View news story]
Bullish Case For Westport Innovations [View article]
Kudos,, great piece of work. Kind of saw the value in WPRT when it was WPT (Vancouver Exchange} about four years ago. Then trading @ under $5 (really)..Must say I was able to buy a good chunk of shares and have kept adding. Can't see why congress is so reluctant to pass Nat Gas Act???? Are they blind?? What am I missing? F. T.
It looks to be 'much ado about nothing' for Westport Innovations (WPRT +9%) this morning as the stock abruptly reverses course to trade markedly higher following its Q3 earnings miss and trading halt yesterday. The stock initially opened down nearly 5% in after it resumed trading during the post-session yesterday, but quickly executed an about-face during the pre-open session and hasn't looked back since. [View news story]
Westport Innovations (WPRT -6%) is opened with a Sell rating at Goldman Sachs, seeing downside despite opportunities in natural gas engines due to the Cummins JV that accounts for nearly all of WPRT medium-term profits that's scheduled to terminate in 2021, and high distribution support requirements that limit normalized profitability for the Heavy Duty franchise. [View news story]
Bullish Case For Westport Innovations [View article]