Westport Fuel Systems Inc (WPRT) Receives a Buy from H.C. Wainwright


H.C. Wainwright analyst Amit Dayal initiated coverage with a Buy rating on Westport Fuel Systems Inc (NASDAQ: WPRT) today and set a price target of $6. The company’s shares closed yesterday at $3.16.

According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 38.7% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.

Currently, the analyst consensus on Westport Fuel Systems Inc is a Strong Buy with an average price target of $5.67.

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Based on Westport Fuel Systems Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.91 million. In comparison, last year the company had a net profit of $32.27 million.

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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.

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