WPRT - Westport Fuel Systems: Q4 Earnings Review And Update

2024-03-25 22:57:28 ET

Summary

• Westport Fuel Systems Inc. reports disappointing Q4 earnings with an 81 cents per share loss, causing the stock to fall.
• WPRT signs a joint venture with Volvo Group to accelerate the commercialization of its HPDI field system technology.
• WPRT stock has been on a downward trend, with a reverse stock split in 2023, but its low share price presents an attractive valuation opportunity.
• New management has lots of work ahead.

It has been nearly four years since I wrote about Westport Fuel Systems Inc. ( WPRT ) on Seeking Alpha. On June 9, 2020. WPRT was trading below the $1.50 per share level in June 2020 on a pre-split basis when I wrote:

In a world that looks for a cleaner environment, the addressable market for WPRT’s fuel systems and components is likely to expand. At below the $1.50 level, the stock is inexpensive if the stock market continues to move higher over the coming weeks and months. ...

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