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. (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
-
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
-
Rhea-AI Summary
Westport Fuel Systems to Release Q3 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.01%
Tags
Rhea-AI Summary
Westport collaborates on hydrogen-powered heavy truck demonstration in Spain
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
none
-
Rhea-AI Summary
Westport Fuel Systems announces resignation of David Johnson as CEO and names interim CEO
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.13%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Volvo Group and Westport Fuel Systems Inc. have signed a non-binding letter of intent to establish a joint venture to accelerate the commercialization and global adoption of Westport's HPDI™ fuel system technology. Volvo will acquire a 45% interest in the joint venture for approximately US$28 million plus up to an additional US$45 million depending on the performance of the joint venture. The joint venture aims to enhance the commercialization of HPDI through the addition of new trucking and equipment manufacturers as customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.17%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.7%
Tags
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
none
Westport Fuel Systems Inc

Nasdaq:WPRT

WPRT Rankings

WPRT Stock Data

101.92M
15.28M
10.86%
12.9%
2.84%
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.