Friday, June 20, 2014

Is Westport Innovations Really Headed In The Right Direction?


Summary

  • Operational improvements aren't hitting the bottom line.
  • Analysts appear more negative despite the stock jump.
  • Westport remains a technology leader in natural gas engines, but shareholders may not profit.
It's really shocking to see Westport Innovations (WPRT) surge 24% on the day following earnings to only find out that analysts have actually cut estimates for the current and next fiscal years. Sure, the stock was beaten down so some bounce back is possible based solely on first-quarter results being better than feared, but the trend isn't so encouraging.

Read the full article at Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 




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