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Earnings
Westport reports Q1 EPS (6c) consensus (8c) » 17:05
05/08/23
05/08
17:05
05/08/23
17:05
WPRT

Westport

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Reports Q1 revenue…

Reports Q1 revenue $82.2M, consensus $78.0M. CEO David Johnson says: "We delivered solid operational and financial results in the first quarter of 2023, supported by our diversified business model, which allows us to combine our sustainable lower-growth core businesses with our higher-growth future all leading to a low carbon world. Operationally our businesses performed well, despite continued challenges related to chip shortages and a slow return of customers who have lingering concerns from the high LNG prices seen in 2022. We saw significant improvements in gross margin this quarter, to a level we were much more comfortable with, though work still remains and is ongoing to generate continued margin improvement. We remain focused on taking actions to strengthen our balance sheet including improving margins, volumes and constraining spending. The closing of Cartesian debt following quarter end, and release of the security interest in our HPDI 2.0 fuel system intellectual property provides us flexibility for financing alternatives. Going forward liquidity remains a key priority. Our OEM business benefited from strong growth in our delayed OEM, fuel storage, hydrogen and electronics businesses as well as higher pricing partially offset by modest volumes from our European OEM launch partner. Our IAM business, despite experiencing some market and inflationary headwinds performed well, with both the top and bottom line growth over the prior-year period. Looking to the remainder of 2023, we remain focused on growth in our key markets to achieve sustainable profitability as the demand for clean, affordable low emissions transportation solutions grows. We continue to work diligently to enhance margins with a commitment to both top line and bottom-line improvements. We welcome the return of the European LNG pricing advantage as compared to diesel, combined with the launch of a new product by our lead European HPDI OEM partner. Late 2023 also marks the beginning of our LPG fuel system production and sales to our European OEM customer. The growth of LPG is driven by its price advantage versus petrol and the lower cost to access lower carbon transportation. This is where LPG beats BEV, Hybrids and FCEV in terms of product affordability. This becomes accentuated when governments end incentives on those more expensive options. We look forward to continuing to support our customers in delivering LPG growth long into the future. Vehicle makers around the world are recognizing that there are many possible paths to reaching the important goal of significantly reducing or eliminating emissions - a 'one size fits all' approach to emissions reduction does not exist. Our ongoing testing and development work is prioritized as we work with our three announced OEM partners to demonstrate the benefits of H2 HPDI in real world applications. We also recognize that demonstrating the strength of our H2 HPDI fuel system at venues like ACT Expo and the Vienna Motor Symposium is an important part of the path to commercialization. We educate OEMs and fleets on the ability to maintain existing diesel engine architecture and related manufacturing infrastructure while delivering timely, efficient, cost-effective peak performance in transport applications."

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WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
WPRT Westport
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WPRT Westport
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Hot Stocks
Westport appoints Fabien Redon as Chief Technology Officer » 06:09
05/01/23
05/01
06:09
05/01/23
06:09
WPRT

Westport

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Westport appointed Fabien…

Westport appointed Fabien Redon as the company's Chief Technology Officer and Executive VP of Product Development. Redon will join Westport having served for five years as executive vice president and CTO for Achates Power. Prior to his most recent role, Redon held several other executive positions with Achates Power leading the company's Technology, and Performance and Emissions Development activities. He has also held senior roles with leading global companies including General Motors and Detroit Diesel. Redon assumes this role effective May 1.

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WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
WPRT Westport
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WPRT Westport
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Over a month ago
Hot Stocks
Westport receives Nasdaq notification regarding minimum bid price » 18:58
04/26/23
04/26
18:58
04/26/23
18:58
WPRT

Westport

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Westport Fuel Systems…

Westport Fuel Systems announced that on April 26, 2023, it received a written notice from The Nasdaq Stock Market LLC notifying that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1). The company also announced that the Board has approved a consolidation of the company's issued and outstanding common shares at a consolidation ratio of 10-for-1.

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WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
WPRT Westport
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WPRT Westport
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Syndicate
Westport files $200M mixed securities shelf  16:47
04/14/23
04/14
16:47
04/14/23
16:47
WPRT

Westport

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WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
WPRT Westport
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WPRT Westport
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Conference/Events
Westport management to meet with Craig-Hallum » 04:55
03/22/23
03/22
04:55
03/22/23
04:55
WPRT

Westport

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Meetings to be held in…

Meetings to be held in New York on March 21 and in Boston on March 22 hosted by Craig-Hallum.

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WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
WPRT Westport
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WPRT Westport
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Conference/Events
Westport management to meet with Craig-Hallum » 04:55
03/21/23
03/21
04:55
03/21/23
04:55
WPRT

Westport

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Meetings to be held in…

Meetings to be held in New York on March 21 and in Boston on March 22 hosted by Craig-Hallum.

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WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
WPRT Westport
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WPRT Westport
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Conference/Events
Westport management to meet with Craig-Hallum » 17:10
03/14/23
03/14
17:10
03/14/23
17:10
WPRT

Westport

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Meetings to be held in…

Meetings to be held in New York on March 21 and in Boston on March 22 hosted by Craig-Hallum.

ShowHide Related Items >><<
WPRT Westport
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WPRT Westport
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10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
03/16/22 H.C. Wainwright
Westport price target lowered to $7 from $12 at H.C. Wainwright
WPRT Westport
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WPRT Westport
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On The Fly
Fly Intel: After-Hours Movers » 18:15
03/13/23
03/13
18:15
03/13/23
18:15
AMLX

Amylyx

$31.19 /

+0.6 (+1.96%)

, DCGO

DocGo

$8.71 /

+0.155 (+1.81%)

, CDMO

Avid Bioservices

$13.86 /

-0.11 (-0.79%)

, OMER

Omeros

$3.45 /

+0.19 (+5.84%)

, FOA

Finance of America

$1.48 /

+0.01 (+0.68%)

, AVD

American Vanguard

$20.12 /

+0.04 (+0.20%)

, BG

Bunge

$91.40 /

-1.175 (-1.27%)

, SBNY

Signature Bank

$69.97 /

-0.03 (-0.04%)

, GTLB

GitLab

$44.60 /

+0.155 (+0.35%)

, WPRT

Westport

$1.16 /

-0.005 (-0.43%)

, HEAR

Turtle Beach

$6.93 /

-0.32 (-4.41%)

, BZFD

BuzzFeed

$1.29 /

-0.005 (-0.39%)

, BBAI

BigBear.ai

$2.27 /

+0.1 (+4.61%)

, OPRT

Oportun Financial

$4.20 /

-0.13 (-3.00%)

, UAL

United Airlines

$48.83 /

-2.12 (-4.16%)

Check out this evening's…

ShowHide Related Items >><<
WPRT Westport
$1.16 /

-0.005 (-0.43%)

UAL United Airlines
$48.83 /

-2.12 (-4.16%)

SBNY Signature Bank
$69.97 /

-0.03 (-0.04%)

OPRT Oportun Financial
$4.20 /

-0.13 (-3.00%)

OMER Omeros
$3.45 /

+0.19 (+5.84%)

HEAR Turtle Beach
$6.93 /

-0.32 (-4.41%)

GTLB GitLab
$44.60 /

+0.155 (+0.35%)

FOA Finance of America
$1.48 /

+0.01 (+0.68%)

DCGO DocGo
$8.71 /

+0.155 (+1.81%)

CDMO Avid Bioservices
$13.86 /

-0.11 (-0.79%)

BZFD BuzzFeed
$1.29 /

-0.005 (-0.39%)

BG Bunge
$91.40 /

-1.175 (-1.27%)

BBAI BigBear.ai
$2.27 /

+0.1 (+4.61%)

AVD American Vanguard
$20.12 /

+0.04 (+0.20%)

AMLX Amylyx
$31.19 /

+0.6 (+1.96%)

AMLX Amylyx
$31.19 /

+0.6 (+1.96%)

01/05/23 BofA
BofA starts Amylyx with a Buy given 'huge unmet need' in ALS
01/05/23 BofA
Amylyx initiated with a Buy at BofA
10/24/22 H.C. Wainwright
Amylyx price target raised to $50 from $35 at H.C. Wainwright
10/03/22 Citi
Citi ups Amylyx target, sees buying opportunity after selloff
DCGO DocGo
$8.71 /

+0.155 (+1.81%)

01/04/23 Needham
Phreesia named 2023 Top Pick, added to Conviction List at Needham
01/03/23 Northland
DocGo named a top pick for 2023 at Northland
12/30/22 Canaccord
DocGo chairman staying on should boost confidence, says Canaccord
05/11/22 Canaccord
DocGo price target lowered to $10 from $13 at Canaccord
CDMO Avid Bioservices
$13.86 /

-0.11 (-0.79%)

01/03/23 Stephens
Castle Biosciences, Academy Sports on Stephens 'Best Ideas' list for 2023
12/07/22 Craig-Hallum
Avid Bioservices price target lowered to $25 from $30 at Craig-Hallum
06/30/22 RBC Capital
Avid Bioservices price target lowered to $22 from $32 at RBC Capital
OMER Omeros
$3.45 /

+0.19 (+5.84%)

12/08/22 UBS
Omeros downgraded to Neutral from Buy at UBS
11/10/22 Cantor Fitzgerald
Omeros price target lowered to $13 from $20 at Cantor Fitzgerald
11/08/22 BofA
Omeros downgraded to Underperform at BofA after FDA decision on narsoplimab
11/08/22 BofA
Omeros downgraded to Underperform from Neutral at BofA
FOA Finance of America
$1.48 /

+0.01 (+0.68%)

11/11/22 Raymond James
Finance of America downgraded to Outperform from Strong Buy at Raymond James
11/11/22 Raymond James
Finance of America downgraded to Outperform from Strong Buy at Raymond James
AVD American Vanguard
$20.12 /

+0.04 (+0.20%)

BG Bunge
$91.40 /

-1.175 (-1.27%)

02/09/23 Baird
Bunge downgraded to Neutral from Outperform at Baird
12/14/22 UBS
UBS starts Bunge at Buy on near-term earnings power
12/13/22 UBS
Bunge initiated with a Buy at UBS
10/24/22 BofA
Green Plains price target lowered to $35 from $43 at BofA
SBNY Signature Bank
$69.97 /

-0.03 (-0.04%)

03/13/23 BofA
BofA removes rating on First Republic after SVB, Signature failures
03/13/23 Oppenheimer
Coinbase price target lowered to $70 from $84 at Oppenheimer
03/10/23 Morgan Stanley
SVB Financial pressures 'highly idiosyncratic,' says Morgan Stanley
03/10/23 Compass Point
Compass Point says Silvergate, SVB troubles could be positive for Signature Bank
GTLB GitLab
$44.60 /

+0.155 (+0.35%)

03/06/23 RBC Capital
GitLab price target raised to $60 from $50 at RBC Capital
03/02/23 Barclays
GitLab price increase hits 'significant portion' of base, says Barclays
02/22/23 Truist
GitLab price target lowered to $65 from $75 at Truist
02/10/23 RBC Capital
GitLab price target lowered to $50 from $60 at RBC Capital
WPRT Westport
$1.16 /

-0.005 (-0.43%)

10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
03/16/22 H.C. Wainwright
Westport price target lowered to $7 from $12 at H.C. Wainwright
HEAR Turtle Beach
$6.93 /

-0.32 (-4.41%)

11/28/22 Roth MKM
Turtle Beach initiated with a Buy at Roth Capital
11/04/22 DA Davidson
Turtle Beach price target lowered to $7.50 from $14 at DA Davidson
11/04/22 Maxim
Turtle Beach price target lowered to $10 from $17 at Maxim
08/09/22 Lake Street
Turtle Beach price target lowered to $18 from $32 at Lake Street
BZFD BuzzFeed
$1.29 /

-0.005 (-0.39%)

01/27/23 BofA
BuzzFeed still a 'show me story,' Meta deal not new, says BofA
11/21/22 TD Cowen
BuzzFeed downgraded to Market Perform from Outperform at Cowen
08/11/22 BofA
BuzzFeed downgraded to Underperform from Neutral at BofA
05/17/22 TD Cowen
BuzzFeed price target lowered to $5 from $6 at Cowen
BBAI BigBear.ai
$2.27 /

+0.1 (+4.61%)

08/10/22 Oppenheimer
Oppenheimer downgrades BigBear.ai to Perform following 'disappointing' quarter
08/10/22 Oppenheimer
BigBear.ai downgraded to Perform from Outperform at Oppenheimer
03/28/22 Oppenheimer
BigBear.ai initiated with an Outperform at Oppenheimer
OPRT Oportun Financial
$4.20 /

-0.13 (-3.00%)

01/06/23 Barclays
Oportun Financial downgraded to Equal Weight from Overweight at Barclays
10/13/22 Barclays
Oportun Financial price target lowered to $7 from $12 at Barclays
08/26/22 JMP Securities
Oportun Financial price target lowered to $11 from $17 at JMP Securities
08/09/22 BTIG
Oportun Financial price target lowered to $21 from $27 at BTIG
UAL United Airlines
$48.83 /

-2.12 (-4.16%)

03/10/23 Barclays
United Airlines upgraded to Overweight from Equal Weight at Barclays
03/07/23 Evercore ISI
Delta Air Lines upgraded to Outperform from In Line at Evercore ISI
03/07/23 Exane BNP Paribas
United Airlines upgraded to Outperform from Underperform at Exane BNP Paribas
02/08/23 Redburn
United Airlines upgraded to Neutral from Sell at Redburn
WPRT Westport
$1.16 /

-0.005 (-0.43%)

UAL United Airlines
$48.83 /

-2.12 (-4.16%)

SBNY Signature Bank
$69.97 /

-0.03 (-0.04%)

OPRT Oportun Financial
$4.20 /

-0.13 (-3.00%)

OMER Omeros
$3.45 /

+0.19 (+5.84%)

HEAR Turtle Beach
$6.93 /

-0.32 (-4.41%)

GTLB GitLab
$44.60 /

+0.155 (+0.35%)

FOA Finance of America
$1.48 /

+0.01 (+0.68%)

DCGO DocGo
$8.71 /

+0.155 (+1.81%)

CDMO Avid Bioservices
$13.86 /

-0.11 (-0.79%)

BZFD BuzzFeed
$1.29 /

-0.005 (-0.39%)

BG Bunge
$91.40 /

-1.175 (-1.27%)

BBAI BigBear.ai
$2.27 /

+0.1 (+4.61%)

AVD American Vanguard
$20.12 /

+0.04 (+0.20%)

AMLX Amylyx
$31.19 /

+0.6 (+1.96%)

  • 07
    Oct
UAL United Airlines
$48.83 /

-2.12 (-4.16%)

SBNY Signature Bank
$69.97 /

-0.03 (-0.04%)

BZFD BuzzFeed
$1.29 /

-0.005 (-0.39%)

BG Bunge
$91.40 /

-1.175 (-1.27%)

AMLX Amylyx
$31.19 /

+0.6 (+1.96%)

UAL United Airlines
$48.83 /

-2.12 (-4.16%)

SBNY Signature Bank
$69.97 /

-0.03 (-0.04%)

OMER Omeros
$3.45 /

+0.19 (+5.84%)

HEAR Turtle Beach
$6.93 /

-0.32 (-4.41%)

GTLB GitLab
$44.60 /

+0.155 (+0.35%)

DCGO DocGo
$8.71 /

+0.155 (+1.81%)

CDMO Avid Bioservices
$13.86 /

-0.11 (-0.79%)

BZFD BuzzFeed
$1.29 /

-0.005 (-0.39%)

BG Bunge
$91.40 /

-1.175 (-1.27%)

BBAI BigBear.ai
$2.27 /

+0.1 (+4.61%)

AMLX Amylyx
$31.19 /

+0.6 (+1.96%)

UAL United Airlines
$48.83 /

-2.12 (-4.16%)

SBNY Signature Bank
$69.97 /

-0.03 (-0.04%)

OMER Omeros
$3.45 /

+0.19 (+5.84%)

HEAR Turtle Beach
$6.93 /

-0.32 (-4.41%)

GTLB GitLab
$44.60 /

+0.155 (+0.35%)

BZFD BuzzFeed
$1.29 /

-0.005 (-0.39%)

BBAI BigBear.ai
$2.27 /

+0.1 (+4.61%)

AMLX Amylyx
$31.19 /

+0.6 (+1.96%)

Hot Stocks
Westport sees FY23 capital program $12M-$15M » 17:04
03/13/23
03/13
17:04
03/13/23
17:04
WPRT

Westport

$1.16 /

-0.005 (-0.43%)

"In 2024 and beyond,…

"In 2024 and beyond, we expected improved profitability and growth as we begin to benefit from the changes made in 2023, in addition to demonstrated growth in our core business," the company said. "Adoption of alternative fuels for transportation applications continues to accelerate and is expected to experience a step change increase as the regulatory requirements become increasingly more stringent beginning in 2025 in many of our key markets, including Europe, India and China. Our HPDI fuel system solution using Bio LNG or hydrogen is one of Westport's clean, affordable products that addresses these regulatory requirements now and into the future."

ShowHide Related Items >><<
WPRT Westport
$1.16 /

-0.005 (-0.43%)

WPRT Westport
$1.16 /

-0.005 (-0.43%)

10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
03/16/22 H.C. Wainwright
Westport price target lowered to $7 from $12 at H.C. Wainwright
WPRT Westport
$1.16 /

-0.005 (-0.43%)

Earnings
Westport reports Q4 EPS (10c), consensus (6c) » 17:04
03/13/23
03/13
17:04
03/13/23
17:04
WPRT

Westport

$1.16 /

-0.005 (-0.43%)

Reports Q4 revenue $78M,…

Reports Q4 revenue $78M, consensus $74.45M. "Amid a challenging macro environment in 2022, Westport was transitioning past its partnership with Cummins towards growth and a hydrogen future," said CEO David M. Johnson. "The termination and sale of the Cummins Westport joint venture along with the impact of foreign exchange negatively impacted both top and bottom line results. Absent the impact of foreign exchange, revenue would have increased by 9% year-over-year, a significant improvement given the environment our industry has faced. Our delayed OEM business, fuel storage, hydrogen components, and electronics products all saw significant sales growth in addition to growth in volumes to our OEM customers in India. Unfortunately, these strengths were offset by the impact of high natural gas prices on European market sales to light-duty and heavy-duty OEMs."

ShowHide Related Items >><<
WPRT Westport
$1.16 /

-0.005 (-0.43%)

WPRT Westport
$1.16 /

-0.005 (-0.43%)

10/24/22 RBC Capital
Westport initiated with a Sector Perform at RBC Capital
03/16/22 H.C. Wainwright
Westport price target lowered to $7 from $12 at H.C. Wainwright
WPRT Westport
$1.16 /

-0.005 (-0.43%)

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