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Earnings
Westport reports Q1 EPS 4c, consensus 0c » 17:01
05/06/22
05/06
17:01
05/06/22
17:01
WPRT

Westport

$1.19 /

-0.04 (-3.27%)

Reports Q1 revenue…

Reports Q1 revenue $76.5M, consensus $86.62M. "The first quarter of 2022 was challenging as our industry continues to deal with significant gaseous fuel price fluctuations due to the ongoing uncertainty in supply levels and geopolitical risk," said CEO David M. Johnson. "Despite the challenging macroeconomic environment, our OEM business continues to grow, we generated 21% growth year over year. Looking forward, the long-term outlook for our company is strong. There is still a need for clean, affordable transport and we remain in a prime competitive position; our products are here, available now, and are making a difference today. Our work with hydrogen is generating significant interest for the company and attention globally. Hydrogen HPDI broadens the call for our proprietary HPDI technology, reaching all the way to zero-carbon green hydrogen future that will have a positive impact on the industry and the global transportation market."

ShowHide Related Items >><<
WPRT Westport
$1.19 /

-0.04 (-3.27%)

WPRT Westport
$1.19 /

-0.04 (-3.27%)

03/16/22 H.C. Wainwright
Westport price target lowered to $7 from $12 at H.C. Wainwright
02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
WPRT Westport
$1.19 /

-0.04 (-3.27%)

  • 03
    Jun
WPRT Westport
$1.19 /

-0.04 (-3.27%)

WPRT Westport
$1.19 /

-0.04 (-3.27%)

Over a month ago
Options
Largest borrow rate increases among liquid names » 08:45
04/08/22
04/08
08:45
04/08/22
08:45
CELU

Celularity

$9.48 /

+0.28 (+3.04%)

, FATH

Fathom Digital

$6.47 /

-0.28 (-4.15%)

, BYND

Beyond Meat

$43.94 /

+0.375 (+0.86%)

, STRY

Starry

$7.85 /

-0.28 (-3.44%)

, UWMC

UWM Holdings

$4.12 /

-0.115 (-2.72%)

, XSPA

XpresSpa

$1.14 /

+0.015 (+1.34%)

, VLTA

Volta

$3.10 /

-0.01 (-0.32%)

, ISPO

Inspirato

$7.93 /

-0.26 (-3.17%)

, SJT

San Juan Basin Royalty Trust

$8.90 /

+0.22 (+2.53%)

, WPRT

Westport

$1.55 /

-0.04 (-2.52%)

Latest data shows the…

Latest data shows the largest indicative borrow rate increases among liquid option names include: Celularity (CELU) 60.15% +5.60, Fathom Digital Manufacturing (FATH) 116.04% +1.17, Beyond Meat (BYND) 17.62% +0.63, (STRY) 22.62% +0.60, UWM Holdings Corp (UWMC) 3.73% +0.60, XpresSpa (XSPA) 3.52% +0.27, Volta (VLTA) 3.76% +0.24, Inspirato (ISPO) 67.16% +0.22, San Juan Basin Royalty Trust (SJT) 10.69% +0.16, and Westport (WPRT) 4.10% +0.15.

ShowHide Related Items >><<
XSPA XpresSpa
$1.14 /

+0.015 (+1.34%)

WPRT Westport
$1.55 /

-0.04 (-2.52%)

VLTA Volta
$3.10 /

-0.01 (-0.32%)

UWMC UWM Holdings
$4.12 /

-0.115 (-2.72%)

STRY Starry
$7.85 /

-0.28 (-3.44%)

ISPO Inspirato
$7.93 /

-0.26 (-3.17%)

FATH Fathom Digital
$6.47 /

-0.28 (-4.15%)

CELU Celularity
$9.48 /

+0.28 (+3.04%)

BYND Beyond Meat
$43.94 /

+0.375 (+0.86%)

CELU Celularity
$9.48 /

+0.28 (+3.04%)

04/06/22 Truist
Celularity downgraded to Hold from Buy at Truist
04/01/22 Oppenheimer
Celularity price target raised to $10 from $9 at Oppenheimer
01/27/22 Oppenheimer
Celularity initiated with an Outperform at Oppenheimer
11/24/21 Morgan Stanley
Celularity initiated with an Equal Weight at Morgan Stanley
FATH Fathom Digital
$6.47 /

-0.28 (-4.15%)

03/07/22 Lake Street
Fathom Digital price target lowered to $9 from $12.50 at Lake Street
02/18/22 Stifel
Fathom Digital initiated with a Buy at Stifel
01/24/22 Needham
Fathom initiated with a Buy at Needham
01/24/22 Needham
Fathom initiated with a Buy at Needham
BYND Beyond Meat
$43.94 /

+0.375 (+0.86%)

04/06/22 Piper Sandler
Piper lists winners and losers from semi-annual teen survey
03/30/22 UBS
Beyond Meat initiated with a Neutral at UBS
03/28/22 Piper Sandler
Piper Sandler downgrades Beyond Meat to sell on growing competition
03/28/22 Piper Sandler
Beyond Meat downgraded to Underweight from Neutral at Piper Sandler
STRY Starry
$7.85 /

-0.28 (-3.44%)

UWMC UWM Holdings
$4.12 /

-0.115 (-2.72%)

03/03/22 Barclays
UWM Holdings price target lowered to $5 from $7 at Barclays
02/23/22 UBS
UWM Holdings downgraded to Neutral from Buy at UBS
02/23/22 UBS
UWM Holdings downgraded to Neutral from Buy at UBS
01/10/22 Barclays
UWM Holdings downgraded to Equal Weight from Overweight at Barclays
XSPA XpresSpa
$1.14 /

+0.015 (+1.34%)

03/16/22 H.C. Wainwright
XpresSpa 'dislocation' brings buying opportunity, says H.C. Wainwright
11/17/21 H.C. Wainwright
XpresSpa price target raised to $4 from $3.50 at H.C. Wainwright
VLTA Volta
$3.10 /

-0.01 (-0.32%)

03/28/22 Canaccord
Canaccord downgrades Volta, sees 'more questions than answers' after CEO exits
03/28/22 Canaccord
Volta downgraded to Hold from Buy at Canaccord
03/28/22 DA Davidson
Volta downgraded to Neutral at DA Davidson after CEO resigns
03/28/22 DA Davidson
Volta downgraded to Neutral from Buy at DA Davidson
ISPO Inspirato
$7.93 /

-0.26 (-3.17%)

04/07/22 Cantor Fitzgerald
Inspirato initiated with a Neutral at Cantor Fitzgerald
03/17/22 Stifel
Inspirato initiated with a Hold at Stifel
03/17/22 Piper Sandler
Inspirato initiated with an Overweight at Piper Sandler
01/24/22 Northland
Thayer Ventures Acquisition initiated with an Outperform at Northland
SJT San Juan Basin Royalty Trust
$8.90 /

+0.22 (+2.53%)

WPRT Westport
$1.55 /

-0.04 (-2.52%)

03/16/22 H.C. Wainwright
Westport price target lowered to $7 from $12 at H.C. Wainwright
02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
XSPA XpresSpa
$1.14 /

+0.015 (+1.34%)

WPRT Westport
$1.55 /

-0.04 (-2.52%)

VLTA Volta
$3.10 /

-0.01 (-0.32%)

UWMC UWM Holdings
$4.12 /

-0.115 (-2.72%)

CELU Celularity
$9.48 /

+0.28 (+3.04%)

BYND Beyond Meat
$43.94 /

+0.375 (+0.86%)

  • 19
    Nov
  • 03
    Jun
VLTA Volta
$3.10 /

-0.01 (-0.32%)

UWMC UWM Holdings
$4.12 /

-0.115 (-2.72%)

STRY Starry
$7.85 /

-0.28 (-3.44%)

BYND Beyond Meat
$43.94 /

+0.375 (+0.86%)

WPRT Westport
$1.55 /

-0.04 (-2.52%)

VLTA Volta
$3.10 /

-0.01 (-0.32%)

UWMC UWM Holdings
$4.12 /

-0.115 (-2.72%)

ISPO Inspirato
$7.93 /

-0.26 (-3.17%)

FATH Fathom Digital
$6.47 /

-0.28 (-4.15%)

CELU Celularity
$9.48 /

+0.28 (+3.04%)

BYND Beyond Meat
$43.94 /

+0.375 (+0.86%)

XSPA XpresSpa
$1.14 /

+0.015 (+1.34%)

WPRT Westport
$1.55 /

-0.04 (-2.52%)

VLTA Volta
$3.10 /

-0.01 (-0.32%)

UWMC UWM Holdings
$4.12 /

-0.115 (-2.72%)

STRY Starry
$7.85 /

-0.28 (-3.44%)

ISPO Inspirato
$7.93 /

-0.26 (-3.17%)

FATH Fathom Digital
$6.47 /

-0.28 (-4.15%)

CELU Celularity
$9.48 /

+0.28 (+3.04%)

BYND Beyond Meat
$43.94 /

+0.375 (+0.86%)

Recommendations
Westport price target lowered to $7 from $12 at H.C. Wainwright » 06:05
03/16/22
03/16
06:05
03/16/22
06:05
WPRT

Westport

$1.48 /

+0.12 (+8.86%)

H.C. Wainwright analyst…

H.C. Wainwright analyst Amit Dayal lowered the firm's price target on Westport Fuel Systems to $7 from $12 and keeps a Buy rating on the shares. The analyst reduced near-term expectations to reflect recent developments in Russia and the European Union, and increased volatility in energy prices. He believes revenue risks associated with the situation in Russia are more commercial than operational, however, "providing for a quicker bounce back when stability returns."

ShowHide Related Items >><<
WPRT Westport
$1.48 /

+0.12 (+8.86%)

WPRT Westport
$1.48 /

+0.12 (+8.86%)

02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
WPRT Westport
$1.48 /

+0.12 (+8.86%)

  • 03
    Jun
WPRT Westport
$1.48 /

+0.12 (+8.86%)

WPRT Westport
$1.48 /

+0.12 (+8.86%)

On The Fly
Fly Intel: After-Hours Movers » 18:30
03/14/22
03/14
18:30
03/14/22
18:30
ID

Parts iD

$1.79 /

-0.03 (-1.65%)

, GTLB

GitLab

$33.20 /

-2.24 (-6.32%)

, CANO

Cano Health

$5.44 /

-0.475 (-8.03%)

, YALA

Yalla

$3.70 /

-0.66 (-15.14%)

, WPRT

Westport

$1.36 /

-0.1 (-6.87%)

, COUP

Coupa Software

$89.81 /

-9.48 (-9.55%)

, DLO

dLocal

$23.40 /

-1.03 (-4.22%)

, LIFE

aTyr Pharma

$4.75 /

-0.5 (-9.52%)

, ANAB

AnaptysBio

$28.53 /

-0.45 (-1.55%)

, EXEL

Exelixis

$20.59 /

-0.415 (-1.98%)

Check out this evening's…

ShowHide Related Items >><<
YALA Yalla
$3.70 /

-0.66 (-15.14%)

WPRT Westport
$1.36 /

-0.1 (-6.87%)

LIFE aTyr Pharma
$4.75 /

-0.5 (-9.52%)

ID Parts iD
$1.79 /

-0.03 (-1.65%)

GTLB GitLab
$33.20 /

-2.24 (-6.32%)

EXEL Exelixis
$20.59 /

-0.415 (-1.98%)

COUP Coupa Software
$89.81 /

-9.48 (-9.55%)

CANO Cano Health
$5.44 /

-0.475 (-8.03%)

ANAB AnaptysBio
$28.53 /

-0.45 (-1.55%)

ID Parts iD
$1.79 /

-0.03 (-1.65%)

11/10/21 DA Davidson
Parts iD downgraded to Neutral at DA Davidson after Q3 sales miss
11/10/21 Canaccord
Parts iD price target lowered to $8 from $12 at Canaccord
11/10/21 DA Davidson
Parts iD downgraded to Neutral from Buy at DA Davidson
06/15/21 Canaccord
Parts iD platform key differentiator in largely offline industry, says Canaccord
GTLB GitLab
$33.20 /

-2.24 (-6.32%)

03/14/22 RBC Capital
GitLab price target lowered to $60 from $90 at RBC Capital
02/04/22 RBC Capital
GitLab upgraded to Outperform from at RBC Capital on valuation
02/04/22 RBC Capital
GitLab upgraded to Outperform from Sector Perform at RBC Capital
01/27/22 JPMorgan
JPMorgan upgrades 'Growth All-Star' GitLab to Overweight
CANO Cano Health
$5.44 /

-0.475 (-8.03%)

03/10/22 Citi
Citi sees potential for Cano Health buyout near $12 per share
02/17/22 Citi
Citi opens 'negative catalyst watches' in health care services
01/10/22 Citi
Cano Health assumed with a Buy at Citi
12/07/21 Cowen
Cano Health price target lowered to $15 from $18 at Cowen
YALA Yalla
$3.70 /

-0.66 (-15.14%)

08/10/21 Oppenheimer
Yalla price target lowered to $25 from $30 at Oppenheimer
WPRT Westport
$1.36 /

-0.1 (-6.87%)

02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
COUP Coupa Software
$89.81 /

-9.48 (-9.55%)

03/08/22 UBS
Coupa Software price target lowered to $130 from $208 at UBS
03/01/22 KeyBanc
Coupa Software price target lowered to $175 from $200 at KeyBanc
02/23/22 Mizuho
Coupa Software price target lowered to $130 from $180 at Mizuho
01/31/22 BMO Capital
Coupa Software initiated at Market Perform at BMO with set-up 'difficult'
DLO dLocal
$23.40 /

-1.03 (-4.22%)

02/10/22 UBS
dLocal upgraded to Buy at UBS on 'attractive valuation'
02/10/22 UBS
dLocal upgraded to Buy from Neutral at UBS
01/31/22 HSBC
dLocal upgraded to Buy from Hold at HSBC
01/26/22 Goldman Sachs
dLocal upgraded to Buy from Neutral at Goldman Sachs
LIFE aTyr Pharma
$4.75 /

-0.5 (-9.52%)

11/11/21 Roth Capital
aTyr Pharma 2022 catalysts 'should be on your radar,' says Roth Capital
10/12/21 RBC Capital
aTyr Pharma initiated with an Outperform at RBC Capital
09/21/21 Piper Sandler
aTyr Pharma initiated with an Overweight at Piper Sandler
09/14/21 Oppenheimer
aTyr Pharma price target raised to $20 from $14 at Oppenheimer
ANAB AnaptysBio
$28.53 /

-0.45 (-1.55%)

03/07/22 H.C. Wainwright
AnaptysBio price target raised to $46 from $43 at H.C. Wainwright
11/15/21 H.C. Wainwright
AnaptysBio data show favorable safety profile, says H.C. Wainwright
10/26/21 Wedbush
AnaptysBio price target raised to $32 from $25 at Wedbush
08/18/21 Wedbush
AnaptysBio price target raised to $25 from $20 at Wedbush
EXEL Exelixis
$20.59 /

-0.415 (-1.98%)

03/14/22 Piper Sandler
Exelixis price target lowered to $30 from $34 at Piper Sandler
02/25/22 Jefferies
Court denied MSN motion to add patents to fight with Exelixis, says Jefferies
02/18/22 H.C. Wainwright
Exelixis price target lowered to $42 from $52 at H.C. Wainwright
02/18/22 Piper Sandler
Exelixis positioned for 'strong' 2022, says Piper Sandler
YALA Yalla
$3.70 /

-0.66 (-15.14%)

WPRT Westport
$1.36 /

-0.1 (-6.87%)

LIFE aTyr Pharma
$4.75 /

-0.5 (-9.52%)

ID Parts iD
$1.79 /

-0.03 (-1.65%)

GTLB GitLab
$33.20 /

-2.24 (-6.32%)

EXEL Exelixis
$20.59 /

-0.415 (-1.98%)

DLO dLocal
$23.40 /

-1.03 (-4.22%)

COUP Coupa Software
$89.81 /

-9.48 (-9.55%)

CANO Cano Health
$5.44 /

-0.475 (-8.03%)

ANAB AnaptysBio
$28.53 /

-0.45 (-1.55%)

  • 21
    Oct
  • 14
    Oct
  • 16
    Sep
  • 03
    Jun
  • 03
    Jun
GTLB GitLab
$33.20 /

-2.24 (-6.32%)

EXEL Exelixis
$20.59 /

-0.415 (-1.98%)

DLO dLocal
$23.40 /

-1.03 (-4.22%)

COUP Coupa Software
$89.81 /

-9.48 (-9.55%)

CANO Cano Health
$5.44 /

-0.475 (-8.03%)

WPRT Westport
$1.36 /

-0.1 (-6.87%)

LIFE aTyr Pharma
$4.75 /

-0.5 (-9.52%)

GTLB GitLab
$33.20 /

-2.24 (-6.32%)

DLO dLocal
$23.40 /

-1.03 (-4.22%)

COUP Coupa Software
$89.81 /

-9.48 (-9.55%)

CANO Cano Health
$5.44 /

-0.475 (-8.03%)

Hot Stocks
Westport not providing guidance due to fuel prices volatility » 17:05
03/14/22
03/14
17:05
03/14/22
17:05
WPRT

Westport

$1.36 /

-0.1 (-6.87%)

The company states:…

The company states: "The long-term growth potential of our HPDI technology in Heavy-Duty commercial vehicles and our diversified portfolio of gaseous fuel systems and components is poised to capture a share of the global transition to cleaner transportation, especially in promising markets like India. However, against the current backdrop of supply chain disruptions that continue to challenge the automotive industry and the recent volatility in fuel prices, we are not providing quantitative guidance on revenues or profitability for 2022. Since the fourth quarter of 2021, we have observed softness in demand caused by the continued uncertainty of the elevated prices of gaseous fuels relative to diesel and gasoline. At this time, we are uncertain as to the duration of the price fluctuations and their impact on sales volumes but remain cautiously optimistic that price differentials will return to historically normal ranges in the long term."

ShowHide Related Items >><<
WPRT Westport
$1.36 /

-0.1 (-6.87%)

WPRT Westport
$1.36 /

-0.1 (-6.87%)

02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
WPRT Westport
$1.36 /

-0.1 (-6.87%)

  • 03
    Jun
WPRT Westport
$1.36 /

-0.1 (-6.87%)

Earnings
Westport reports Q4 EPS 3c, consensus 0c » 17:03
03/14/22
03/14
17:03
03/14/22
17:03
WPRT

Westport

$1.36 /

-0.1 (-6.87%)

Reports Q4 revenue…

Reports Q4 revenue $82.7M, consensus $86.6M. CEO David Johnson states: "Westport delivered record annual revenue in 2021 despite customer demand constrained by the effects of lingering COVID restrictions, supply chain shortages and other disruptions that our global industry faces. Our acquisition of Stako contributed strongly to our 2021 performance, and importantly, expanded our product portfolio and manufacturing capabilities. Balance sheet and organizational improvements completed during the year position us well to achieve our mid-and long-term goals. The gross margin pressure we faced in 2021 will be addressed by the economies of scale that will result from continued and accelerating growth. Increasing demand will lead to higher production and sales that drive profitability improvement."

ShowHide Related Items >><<
WPRT Westport
$1.36 /

-0.1 (-6.87%)

WPRT Westport
$1.36 /

-0.1 (-6.87%)

02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
WPRT Westport
$1.36 /

-0.1 (-6.87%)

  • 03
    Jun
WPRT Westport
$1.36 /

-0.1 (-6.87%)

Options
Westport options imply 24.6% move in share price post-earnings » 13:04
03/14/22
03/14
13:04
03/14/22
13:04
WPRT

Westport

$1.40 /

-0.055 (-3.78%)

Pre-earnings options…

Pre-earnings options volume in Westport is normal with calls leading puts 4:1. Implied volatility suggests the market is anticipating a move near 24.6%, or 36c, after results are released. Median move over the past eight quarters is 11.9%.

ShowHide Related Items >><<
WPRT Westport
$1.40 /

-0.055 (-3.78%)

WPRT Westport
$1.40 /

-0.055 (-3.78%)

02/08/22 H.C. Wainwright
Westport price target lowered to $12 from $16 at H.C. Wainwright
02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
WPRT Westport
$1.40 /

-0.055 (-3.78%)

  • 03
    Jun
WPRT Westport
$1.40 /

-0.055 (-3.78%)

Over a quarter ago
Recommendations
Westport price target lowered to $12 from $16 at H.C. Wainwright » 06:09
02/08/22
02/08
06:09
02/08/22
06:09
WPRT

Westport

$1.92 /

+0.05 (+2.68%)

H.C. Wainwright analyst…

H.C. Wainwright analyst Amit Dayal lowered the firm's price target on Westport to $12 from $16 and keeps a Buy rating on the shares. The target drop reflects adjustments to the forward cash flow projections associated with the company's equity distribution from its joint venture with Cummins (CMI) after Westport announced that it is selling its stake of the Cummins Westport Joint Venture.

ShowHide Related Items >><<
WPRT Westport
$1.92 /

+0.05 (+2.68%)

WPRT Westport
$1.92 /

+0.05 (+2.68%)

02/07/22 Craig-Hallum
Westport looking 'far too cheap,' says Craig-Hallum
11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
03/18/21 Lake Street
Lake Street confidence in Westport's China ramp boosted by Weichai deal
WPRT Westport
$1.92 /

+0.05 (+2.68%)

  • 03
    Jun
WPRT Westport
$1.92 /

+0.05 (+2.68%)

Recommendations
Westport looking 'far too cheap,' says Craig-Hallum » 11:01
02/07/22
02/07
11:01
02/07/22
11:01
WPRT

Westport

$2.01 /

+0.145 (+7.77%)

, CMI

Cummins

$227.40 /

-1.12 (-0.49%)

Craig-Hallum analyst Eric…

Craig-Hallum analyst Eric Stine notes that it "was an eventful morning" for Westport Fuel Systems (WPRT) with the announcement it has monetized its share of the jointly owned Cummins-Westport spark-ignited IP for $20M along with an agreement with Cummins (CMI) for the initial assessment of Westport's high-pressure direct injection technology using hydrogen. The analyst sees the addition of $20M to an already strong balance sheet as a positive resolution to the end of the CWI JV. In his view, the primary aspect of the announcement is the hydrogen HPDI assessment which is another great example of the high-value and strategic importance of Westport's proprietary HPDI technology in the market as the transportation sector decarbonizes. Add Cummins to the hydrogen HPDI roster while adding $20M to the balance sheet - two more reasons why Westport is "far too cheap at 0.5-times sales," Stine argues. The analyst has a Buy rating and a price target of $12 on Westport's shares.

ShowHide Related Items >><<
WPRT Westport
$2.01 /

+0.145 (+7.77%)

CMI Cummins
$227.40 /

-1.12 (-0.49%)

WPRT Westport
$2.01 /

+0.145 (+7.77%)

11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
03/18/21 Lake Street
Lake Street confidence in Westport's China ramp boosted by Weichai deal
03/17/21 H.C. Wainwright
Westport price target raised to $16 from $5 at H.C. Wainwright
CMI Cummins
$227.40 /

-1.12 (-0.49%)

12/10/21 Deutsche Bank
Cummins price target lowered to $247 from $251 at Deutsche Bank
11/03/21 Credit Suisse
Cummins price target raised to $304 from $295 at Credit Suisse
10/22/21 Morgan Stanley
Proterra initiated with an Equal Weight at Morgan Stanley
10/14/21 Evercore ISI
Cummins price target lowered to $299 from $315 at Evercore ISI
WPRT Westport
$2.01 /

+0.145 (+7.77%)

CMI Cummins
$227.40 /

-1.12 (-0.49%)

  • 03
    Jun
WPRT Westport
$2.01 /

+0.145 (+7.77%)

Hot Stocks
Cummins to purchase remaining shares in former Cummins Westport JV » 08:04
02/07/22
02/07
08:04
02/07/22
08:04
CMI

Cummins

$228.56 /

+1.39 (+0.61%)

, WPRT

Westport

$1.87 /

+0.025 (+1.36%)

Cummins Inc. (CMI) and…

Cummins Inc. (CMI) and Westport Fuel Systems Inc. (WPRT) have agreed to a share purchase agreement for the sale of Westport's stake in the Cummins Westport Joint Venture with CMI continuing to operate the business as the sole owner. As previously reported, the Cummins Westport Inc. joint venture agreement terminated effective December 31, 2021. As part of the agreement, Cummins also will buy Westport's interest in the JV's intellectual property, developed by the JV in support of the JV's spark ignited engines, with proceeds to Westport of $20,000,000. Cummins and Westport have also agreed to conduct an initial technical assessment of Westport's hydrogen high pressure direct injection system for potential use on CMI's hydrogen applications.

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WPRT Westport
$1.87 /

+0.025 (+1.36%)

CMI Cummins
$228.56 /

+1.39 (+0.61%)

CMI Cummins
$228.56 /

+1.39 (+0.61%)

12/10/21 Deutsche Bank
Cummins price target lowered to $247 from $251 at Deutsche Bank
11/03/21 Credit Suisse
Cummins price target raised to $304 from $295 at Credit Suisse
10/22/21 Morgan Stanley
Proterra initiated with an Equal Weight at Morgan Stanley
10/14/21 Evercore ISI
Cummins price target lowered to $299 from $315 at Evercore ISI
WPRT Westport
$1.87 /

+0.025 (+1.36%)

11/09/21 Lake Street
Lake Street still bullish on Westport despite Q3 shortfall on supply chain woes
09/09/21 JPMorgan
Westport initiated with a Neutral at JPMorgan
03/18/21 Lake Street
Lake Street confidence in Westport's China ramp boosted by Weichai deal
03/17/21 H.C. Wainwright
Westport price target raised to $16 from $5 at H.C. Wainwright
WPRT Westport
$1.87 /

+0.025 (+1.36%)

CMI Cummins
$228.56 /

+1.39 (+0.61%)

  • 03
    Jun
WPRT Westport
$1.87 /

+0.025 (+1.36%)

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