Westport Innovations: Flat Future

Westport Innovations (WPRT) is an alternative fuel technology company focusing on development and commercialization of engines that run on natural gas. The company operates through four segments: Westport Heavy Duty, Westport Light Duty, Cummins Westport, its joint venture with Cummins (CMI), and Weichai Westport. Westport recently reported that it will help in the manufacture of a Ford-150 truck that will include its Westport WiNG Power System natural gas engine. It expects to begin shipping the trucks in early 2014.

Westport has a smaller market capitalization of $1.57 billion and does not pay a dividend. For the quarter ended June 30, Westport reported revenue of $34.9 million compared with $49.1 million a year earlier. There was a net loss of $33.9 million, at 61 cents per share compared with a loss of $6.1 million or 11 cents per share a year ago....469 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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