Is Westport Finally Back on Track?
Throughout 2011 and into 2012, the high cost of oil-based fuels and the low cost of natural gas stoked excitement over several stocks designing vehicles that run on alternative energy. Among this crowd, two companies have really stood out -- and ironically, they've taken opposite directions during the last year, providing a potential catch up period for the laggard.
With a focus on natural-gas engines for trucks, Westport Innovations (NASDAQ: WPRT ) soared into the start of 2012. But the stock has spent the last 18 months losing 40% of its value. Conversely, Tesla Motors (NASDAQ: TSLA ) focused on building premium electric cars and had a more muted stock performance before its well-discussed 400% gain over the past 12 months. Now, the question is whether Westport can reignite its previous excitement, and catch up to Tesla's gains.
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