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Cowen & Co. Keeps Their Hold Rating on Westport Fuel Systems (WPRT)


According to The Fly, wall Street analyst has provided a rating update yesterday, while remaining neutral on the stock. The company recieved Hold from Cowen & Co.’s analyst Jeff Osborne.

According to TipRanks.com, Osborne ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.9% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Acuity Brands.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Westport Fuel Systems.

Based on Westport Fuel Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$6.34 million. In comparison, last year the company had a GAAP net loss of C$19.6 million.

Westport Fuel Systems, Inc. engages in the manufacture of alternative fuel systems and components. It operates through the following business segments: Transportation, CWI Joint Venture and Corporate.

The company’s shares closed on Thursday at C$3.68.