WPRT - Why Westport Fuel Systems' Shares Popped 117.4% in November
Shares of Westport Fuel Systems (NASDAQ: WPRT) jumped an incredible 117.4% in November, according to data provided by S&P Global Market Intelligence , after the company reported earnings and got a huge tailwind from alternative fuel investors.
Third-quarter 2020 revenue fell 13% to $65.4 million and net income from continuing operations was $0.8 million, down from $4.9 million a year ago. In November, management also announced a $50 million at-the-market share offering program to shore up the balance sheet.
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Why Westport Fuel Systems' Shares Popped 117.4% in November