Westport Fuel Systems Inc Stock Price, News & Analysis

Westport Fuel Systems (NASDAQ:WPRT) has filed a preliminary short form base shelf prospectus to replace its expired June 18, 2025 prospectus. The new filing will allow Westport to offer up to $100 million in various securities, including common shares, preferred shares, subscription receipts, warrants, debt securities, or units, over a 25-month period.

The company has also filed a corresponding shelf registration statement with the SEC on Form F-3. While no immediate offerings are planned, these filings provide Westport flexibility to access capital markets or issue securities for strategic acquisitions based on financial needs and market conditions.

Westport Fuel Systems (NASDAQ:WPRT) reported Q2 2025 financial results, highlighting a strategic transformation following the successful divestiture of its Light-Duty Segment for $62.5 million. Q2 revenues decreased 11% to $12.5 million, with a net loss from continuing operations of $5.1 million compared to net income of $4.1 million in Q2 2024.

The company is now focusing on two core growth pillars: Cespira, their joint venture with Volvo Group showing 25% year-over-year growth in 2024 with approximately 9,000 trucks on the road, and the High-Pressure Controls & Systems business. Westport plans to open a new Hydrogen Innovation Center in China by late 2025 and is relocating European manufacturing operations to Canada.

Cash position stood at $6.1 million at quarter-end, with the Light-Duty segment sale providing additional liquidity through $41.2 million in initial cash proceeds, plus deferred and escrow payments totaling $21.3 million.

Westport Fuel Systems (NASDAQ:WPRT) has successfully completed the divestiture of its Light-Duty Segment to Heliaca Investments for approximately $79.5 million, with potential earnouts of up to $3.9 million based on performance milestones.

The transaction includes the sale of Westport Fuel Systems Italia S.r.l., comprising the Light-Duty OEM, delayed OEM, and independent aftermarket businesses. This strategic move allows Westport to focus on larger, higher-growth opportunities in heavy-duty and high horsepower commercial mobility and industrial applications.

Following the divestiture, Westport will concentrate on three key areas: Cespira for heavy-duty transportation, High Pressure Controls and Systems for multiple powertrain platforms, and Financial Initiatives to balance market opportunities and conditions.

BTV-Business Television is showcasing nine notable mining and energy companies in its upcoming broadcast on FOX Business News. Among these, U.S. Gold Corp. (NASDAQ: USAU) is highlighted for its fully permitted copper-gold project in Wyoming, featuring an ESG-friendly plan with low water usage and a sub-two-year payback period. The project also offers potential additional revenue through local gravel sales.

The broadcast will air on July 5, 2025, at 5:00 PM EST and includes coverage of other companies such as North American Iron, West Red Lake Gold Mines, Northisle Copper and Gold, Westport Fuel Systems, Orvana Minerals, Avino Silver & Gold, Pasofino Gold, and Mayfair Gold. Each company presents unique investment opportunities in various sectors including precious metals, base metals, and clean energy solutions.

Westport Fuel Systems (NASDAQ:WPRT) has announced two key updates. First, the company will release its Q2 2025 financial results on August 11, 2025, after market close, followed by a conference call on August 12, 2025, at 10:00 a.m. ET.

Additionally, Westport provided an update on its previously announced Light-Duty Segment divestment to Heliaca Investments. The transaction, initially announced in March 2025, is now expected to close in July 2025, slightly later than originally planned, due to an updated regulatory review process.

BTV-Business Television is showcasing six notable resource companies on the BNN Bloomberg Channel. The featured companies include: Purepoint Uranium, exploring in Canada's Athabasca Basin with major partnerships; Viridian Metals, targeting copper discoveries in Newfoundland with BHP support; Prime Mining, developing a gold-silver resource in Mexico; Patriot Battery Metals, advancing one of Americas' largest hard rock lithium projects with Volkswagen backing; Mayfair Gold, developing a gold operation in Ontario; and Westport Fuel Systems (WPRT), providing fuel-agnostic engine solutions with over 30 years of innovation and 1,400 patents, focusing on hydrogen and natural gas alternatives for long-haul transportation.

Westport Fuel Systems held its Annual General and Special Meeting virtually, where shareholders approved all proposed resolutions. Key approvals included: election of six directors with approval rates ranging from 61.28% to 91.10%, appointment of KPMG LLP as auditors (93.83% approval), an advisory vote on executive compensation (52.87% approval), and the sale of Westport Fuel Systems Italia S.r.l (83.38% approval).

Notable voting results showed mixed shareholder sentiment, with some directors receiving strong support while others, like Daniel M. Hancock and Karl-Viktor Schaller, received lower approval rates around 61%. The executive compensation vote passed with a narrow majority of 52.87%.

Westport Fuel Systems (WPRT) reported Q1 2025 financial results showing significant improvement in its net loss position. The company reduced its net loss to $2.5 million from $13.6 million in Q1 2024, supported by a $3.5 million increase in gross profit and $8.1 million decrease in operating expenses. Revenue decreased 9% to $71.0 million, primarily due to lower sales in Heavy-Duty OEM and High-Pressure Controls segments. The company's Cespira joint venture with Volvo Group showed promising results, with gas-powered truck sales utilizing HPDI technology up more than 25% in 2024. Westport is strategically realigning to focus on hard-to-decarbonize applications in long-haul and heavy-duty trucking, with plans to sell its light-duty business. Cash and cash equivalents stood at $32.6 million at quarter-end, with the company reporting neutral Adjusted EBITDA compared to negative $6.6 million in the same period last year.

BTV-Business Television is featuring seven notable resource companies on the BNN Bloomberg Channel. The lineup includes: Purepoint Uranium, exploring in Canada's Athabasca Basin with joint ventures supported by Cameco and Orano; Viridian Metals, targeting copper discoveries in Newfoundland with BHP support; Prime Mining, developing a gold-silver resource in Mexico with 3M oz gold-equivalent; Patriot Battery Metals, advancing one of Americas' largest hard rock lithium projects with Volkswagen partnership; Mayfair Gold, developing a self-financed gold operation in Ontario; and Westport Fuel Systems (WPRT), delivering fuel-agnostic engine solutions with over 30 years of innovation and 1,400 patents, focusing on hydrogen and natural gas alternatives for long-haul transportation.