HD - Westport deal among 'most significant events' for nat gas transport in years

Westport Fuel Systems (WPRT) +46.8% pre-market following a report after Friday's close that the company would supply natural gas truck engines to Amazon's U.S. truck delivery fleet.Analysts at Craig-Hallum are out with a quick bullish note on the deal, reiterating its Buy rating and $24 price target and calling it "arguably one of the most significant events for natural gas for transportation in many years."For the renewable natural gas industry, Craig-Hallum thinks the deal is significant since it "shows sustainability is top of mind and mission-critical for corporate fleets; illustrates the value of natural gas, especially when paired with RNG resulting in emissions lower than electric; and provides the definitive indication that natural gas is the ideal choice for heavy-duty (HD) trucks rather than battery electric and fuel cells.""Given its position in the market as the lowest-risk path forward, we think that this order from Amazon will spark further (and

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Westport deal among 'most significant events' for nat gas transport in years