WPRT - Why Westport Fuel Systems Stock Just Popped 12%
Shares of Westport Fuel Systems (NASDAQ: WPRT) are rocketing higher today, up 12.4% at 1:50 p.m. EDT -- and not just because it beat earnings last week.
The clean-fuel technology company topped earnings expectations on Friday, reporting a profit where Wall Street had expected a loss. It was its third such quarterly profit in the last four quarters, according to data from S&P Global Market Intelligence.
Investors like companies that do well, of course. And now, Westport is marketing itself to investors who like companies that do good, too -- investors in the environmental, social, and governance (ESG) space -- by publishing its first-ever report on its ESG achievements.