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WPRT - Why Westport Fuel Systems Stock Just Dropped 12%
Westport Fuel Systems Inc
Monday was a big day for investors in Westport Fuel Systems (NASDAQ: WPRT).
News that Westport is restructuring its debt, and has secured a 15 million euro loan for its Italian subsidiary, along with a $10 million term credit facility from Export Development Canada (Westport is based in Vancouver), raised hopes that the company, which reported a breakeven profit last year but turned unprofitable again last quarter, might make it through this coronavirus thing intact after all.