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WPRT

Westport

$2.90

0.03 (1.05%)

07:39
08/29/18
08/29
07:39
08/29/18
07:39

Westport announces new development program for Chinese market

Westport Fuel Systems announced that it has entered into definitive development and supply agreements with Weichai Westport Inc. to develop, market, and commercialize a heavy-duty, natural gas engine featuring the Westport HPDI 2.0 technology, based on one of Weichai Power Co.'s heavy-duty engine platforms. Weichai Power and WWI are affiliates of the Weichai Holding Group Co. Under the new development program for the Chinese market, Westport Fuel Systems will support the adaptation of the Westport HPDI 2.0 technology onto one of Weichai Power's heavy-duty engine platforms. The new natural gas engine will be certified to meet China VI emissions standards and is expected to be launched in the second half of 2019. "We have achieved another milestone by fully and formally supporting our partner, Weichai, a dominant engine producer in China, in the development of clean heavy-duty vehicles to help reduce greenhouse gas emissions in China," said Nancy Gougarty, CEO of Westport Fuel Systems.

  • 07

    Sep

WPRT Westport
$2.90

0.03 (1.05%)

10/03/17
CHLM
10/03/17
NO CHANGE
CHLM
Volvo LNG launch a 'significant milestone' for Westport, says Craig-Hallum
Craig-Hallum analyst Eric Stine said Westport Fuel Systems' (WPRT) high-pressure direct injection technology is "finally" being launched in LNG trucks by Volvo (VOLVY), which he views as a "significant milestone" that will have a meaningful financial impact for Westport. The analyst, who also thinks the launch will accelerate the HPDI plans of other OEMs, reiterates his Buy rating on Westport shares.
10/05/17
LSCM
10/05/17
NO CHANGE
Target $5
LSCM
Buy
Westport price target raised to $5 from $3 at Lake Street
Lake Street analyst Robert Brown raised his price target for Westport Fuel Systems to $5 saying Volvo's launch of two LNG fueled truck versions in the European market using Westport's HPDI system is a "watershed moment." End markets seemed primed for a viable alternative to diesel and short payback periods are attractive to customers, Brown tells investors in a research note. Further, Volvo's investment to launch the product gives the analyst confidence that market demand is real. The analyst keeps a Buy rating on Westport shares.
12/22/17
CHLM
12/22/17
NO CHANGE
CHLM
Westport signing MOU with Weichai a significant development, says Craig-Hallum
Craig-Hallum analyst Eric Stine believes Westport's signing a memorandum of understanding, or MOU, with Weichai Power is a significant development for his investment thesis on the company, and Stine noted that once finalized, Westport will be partnered with the top heavy duty trucking player in China, as well as one of the top players in Europe. Stine reiterated a Buy rating and $5 price target on Westport shares.

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