STOCK TITAN

Westport Fuel Systems Inc - WPRT STOCK NEWS

Welcome to our dedicated news page for Westport Fuel Systems (Ticker: WPRT), a resource for investors and traders seeking the latest updates and insights on Westport Fuel Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Westport Fuel Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Westport Fuel Systems's position in the market.

Rhea-AI Summary
Westport Fuel Systems Inc. reported financial results for Q4 and FY 2023, showcasing record revenues despite challenges. The company aims for sustainable growth, operational efficiency, and innovation in the hydrogen-powered future. Financially, revenue reached $331.8 million for 2023, with a net loss of $49.7 million. Adjusted EBITDA loss was $21.5 million. Westport's operational highlights include partnerships in the locomotive and heavy truck industries, setting the stage for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.8%
Tags
earnings
-
Rhea-AI Summary
Westport Fuel Systems Inc. reschedules financial results release due to investment agreement for HPDI fuel system joint venture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.46%
Tags
earnings
-
Rhea-AI Summary
Westport Fuel Systems Inc. announces a joint venture with Volvo Group to accelerate the commercialization of their HPDI™ fuel system technology for long-haul and off-road applications. Volvo Group will acquire a 45% interest in the JV for approximately US$28 million, with potential additional payments based on JV performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.6%
Tags
none
Rhea-AI Summary
Westport Fuel Systems Inc. (WPRT) will release its Q4 2023 financial results on March 18, 2024, followed by a conference call on March 19, 2024. Investors can join the call to discuss the financial results and corporate updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
earnings
-
Rhea-AI Summary
Westport Fuel Systems Inc. announced a proof-of-concept project with a leading global supplier of power solutions for marine applications to test Westport's High Pressure Direct Injection fuel system utilizing methanol. The project is fully funded by the OEM and is expected to run for approximately nine months. This marks the potential expansion of Westport's HPDI fuel system beyond LNG and hydrogen applications, offering an economical and efficient pathway to decarbonize the marine sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.51%
Tags
none
-
Rhea-AI Summary
Westport Fuel Systems Inc. announced the appointment of Dan Sceli as the new CEO, replacing Tony Guglielmin. Dan brings over three decades of experience in the automotive and manufacturing sectors, with a track record of driving profitable growth and enhancing productivity. The company aims to generate value for all stakeholders under Dan's leadership, focusing on innovation and sustainable transportation solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
management
Rhea-AI Summary
Westport Fuel Systems Inc. (WPRT) Awarded $33M Development Program for Next Generation LNG HPDI™ Fuel System to Meet Euro 7 Emissions Standards
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
none
-
Rhea-AI Summary
Westport Fuel Systems Inc. (WPRT) successfully completed a heavy transport demonstration with KAJ Inrikes, showcasing the H2 HPDI™ fuel system-equipped prototype truck hauling an IKEA-filled trailer in Sweden. The collaboration includes fleet operators, hydrogen fuel providers, and infrastructure companies. The H2 HPDI fuel system delivers a robust and affordable solution with higher power and torque than diesel engines, meeting the European Commission's Zero Emission Vehicle definition. The technology is an important step in accelerating decarbonization in the heavy-duty transport industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
Tags
none
-
Rhea-AI Summary
Westport Fuel Systems Inc. (WPRT) reported financial results for Q3 2023, with $77.4 million in revenue, up 9% from Q3 2022. The company is finalizing an HPDI joint venture with Volvo, entering new markets with H2 HPDI fuel system, and expects strong performance in Q4 2023. The net loss for Q3 2023 was $11.9 million, and adjusted EBITDA was negative $3.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
earnings
Rhea-AI Summary
Westport Fuel Systems announces an agreement to adapt its hydrogen HPDI fuel system for use in locomotive engines. The two-year proof of concept project is fully funded by the OEM and aims to decarbonize the rail sector without compromising performance or efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.57%
Tags
none
Westport Fuel Systems Inc

Nasdaq:WPRT

WPRT Rankings

WPRT Stock Data

116.08M
15.29M
10.86%
12.9%
2.37%
Heavy Duty Truck Manufacturing
Manufacturing
Link
Canada
Vancouver

About WPRT

at westport fuel systems, we are driving innovation to power a cleaner tomorrow. we are inventors, engineers, manufacturers and suppliers of advanced clean-burning fuel systems and components that can change the way the world moves. our technology delivers performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality. headquartered in vancouver, canada, we serve our customers in more than 70 countries with leading global transportation brands. at westport fuel systems, we think ahead. for more information, visit www.wfsinc.com.