Thursday, September 20, 2012

Westport: Market No Longer Impressed With Growth

Another company hoping to benefit from abundant and cheap supplies of natural gas in North America is Westport Innovations, Inc. (WPRT). As previously noted, Clean Energy (CLNE) and Cheniere Energy (LNG) are also exploring ways to benefit from the current market dynamics favoring the users of the fuel.

Westport is a global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas, hydrogen, and renewable natural gas (RNG) fuels.

Westport expects to end 2012 with greater than 50% revenue growth, though the company expects to still generate losses even into 2013. All signs point to a strong future as US and China demand surges, yet the stock continues to show weakness.

Read the full article at Seeking Alpha.


Disclosure: Long CLNE. Please review the disclaimer page for more details. 



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