In a report released today, Colin Rusch from Oppenheimer assigned a Buy rating to Westport Fuel Systems Inc (WPRT). The company’s shares opened today at $1.69.
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 7.8% and a 45.0% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
Westport Fuel Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5, implying a 195.9% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $6 price target.
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Based on Westport Fuel Systems Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $13.04 million. In comparison, last year the company had a GAAP net loss of $17.52 million.
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Westport Fuel Systems, Inc. engages in the manufacture of alternative fuel systems and components. It operates through the following segments: Transportation, CWI Joint Venture and Corporate.
