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


According to The Fly, westport Fuel Systems (WPRT) has received a rating update from a Wall Street analyst today. Analyst Amit Dayal from H.C. Wainwright remains bullish on the stock.

According to TipRanks.com, Dayal has 0 stars on 0-5 star ranking scale with an average return of -7.9% and a 36.0% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.

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.