Westport Fuel Systems Inc. (WPRT $2.25) engineers, manufactures, and supplies alternative fuel systems and components for use in transportation applications worldwide. It operates through Transportation and Cummins Westport Inc. (CWI) Joint Venture segments. The company offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs , supply chain, and product planning activities. It also provides Westport High Pressure Direct Injection 2.0, a fully integrated system that powers compression ignition engines by natural gas, which reduces greenhouse gas emissions. In addition, the company develops, sells, and markets spark -ignited natural gas or propane engines; and CWI engines for transit, school and shutt le buses, conventional trucks and tractors, refuse collection trucks, and specialty vehicles, such as short-haul port drayage trucks and street sweepers. Its products and services are used for passenger cars; light-, medium-, and heavy-duty trucks; and horsepower, cryogenics, and hydrogen applications. Westport Fuel Systems Inc. was founded in 1995 and is headquartered in Vancouver, Canada.
Positives for WPRT:
1. Westport Fuel Systems (WPRT) shares are trading higher on Friday(September 18, 2020). The company announced its Weichai Westport joint venture received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system. ---Benzinga, September 18, 2020
According to company press release "Once in production, Westport Fuel Systems will supply critical HPDI 2.0 system components to WWI, each of which is required for every HPDI 2.0 engine sold by WWI. WWI has committed to purchase HPDI 2.0 system components required for a minimum of 18,000 HPDI 2.0 engines between the launch date and the end of 2023. In addition, Westport Fuel Systems will receive a royalty payment from WWI for each engine sold in consideration of the HPDI license rights provided to WWI. WWI will market and sell the heavy-duty natural gas engines with the Westport HPDI 2.0 technology to various truck original equipment manufacturers ("OEMs").
2. Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has signed definitive agreements with its joint venture partner in India, UNO MINDA Group (“UNO MINDA” or the “Group”), to sell the assets of its wholly owned subsidiary Rohan BRC Gas Equipment Pvt. Ltd. to Minda Emer Technologies Ltd., a 50%/50% joint venture owned by Westport Fuel Systems and UNO MINDA. “India is one of the largest and fastest growing markets for CNG (compressed natural gas)vehicles given its commitment to sustainable and cost-competitive transportation” said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “The combination of Westport Fuel Systems' technologies and products with UNO MINDA's local expertise and relationships strongly positions us to compete and grow in India. Building on our decade-long and successful partnership with UNO MINDA, we are very pleased to take this next step with them to serve this strategically important market."- --Globalnewswire, September 15, 2020
3. Westport Fuel Systems Inc. announced on August 31, 2020 that it has been awarded a long-term agreement for the supply of electronic control units to a leading Tier One automotive supplier. It is a 7 year contract and estimated to generate sales of $58 millions .
4. Westport announced a 15 million euro loan for its Italian subsidiary. The company also got a $10 million term credit facility from Export Development Canada. Finally, convertible notes were refinanced to lower the interest rate paid from 9% to 6.5% and extend the maturity by three years. The convert price was lowered from $1.27 to $1.42 per share. Westport did agree to pay down the debt from $17.5 million to $10 million as part of the deal. ---Yahoo finance, July 27,2020
5. Investors are friendly towards companies in the environmental, social, and governance (ESG) friendly space. According to research provider ETF Flows, annualized investment in companies that have marketed themselves as sympathetic to ESG concerns is expected to grow 40% this year.
6. Zacks positive analysis: Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Westport has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
7. Opening of the economies should help WPRT.
8. Earning estimate for next year is +185%, and +30% for the next 5 years. Consensus analyst rating is Buy, target $3.9.
9. Technicals: After risen 234% from $0.70 to $2.34 (March low to August high), WPRT corrected back down to around $1.60 (50 day moving average) and found support there. It then surged nearly 39% up last Friday with 59 times average volume. Upside momentum is huge. It will likely challenge the $2.50 level immediately and will likely break through. Once $2.50 is broken, the next target area is $3 to $3.5 in the short run. WPRT has been basing below $5 since 2015, $5 is definitely a good target for longer term. Supports are $2 and then $1.60
Westport Fuel Systems Inc. (WPRT $2.25) 设计，制造并提供供全球运输应用使用的替代燃料系统和部件。它通过运输和康明斯西港公司（CWI）合资企业部门运营。该公司提供替代燃料系统和组件，其中包括一系列替代燃料，例如液化石油气，压缩天然气，液化天然气，可再生天然气和氢气；以及独立的售后市场，原始设备制造商（OEM）和延迟的OEM，电子产品，当前和高级研究与开发计划，供应链以及产品计划活动。它还提供了Westport高压直接喷射2.0，这是一个完全集成的系统，该系统通过天然气为压燃式发动机提供动力，从而减少了温室气体的排放。此外，该公司还开发和销售火花点火式天然气或丙烷发动机。以及用于公交，学校和封闭式公交车，常规卡车和拖拉机，垃圾收集卡车以及特种车辆（如短途港口拖运卡车和清扫车）的CWI发动机。其产品和服务用于乘用车；轻型，中型和重型卡车；以及马力，低温和氢气应用。 西港燃料系统公司成立于1995年，总部位于加拿大温哥华。
WPRT的优点：
1. Westport Fuel Systems（WPRT）股价在周五（2020年9月18日）上涨。该公司宣布其潍柴西港合资公司的12升发动机配备HPDI 2.0燃油系统，已获得中国生态与环境部的认证。 --- Benzinga，2020年9月18日
据公司新闻稿称：“ Westport Fuel Systems一旦投入生产，将向WWI提供关键的HPDI 2.0系统组件，WWI出售的每台HPDI 2.0引擎都需要这些组件。WWI承诺购买最低限度的HPDI 2.0系统组件。在发布日期至2023年末之间，将需要18,000台HPDI 2.0发动机。此外，考虑到向WWI提供的HPDI许可权，Westport Fuel Systems将向WWI收取每台出售的发动机的特许权使用费。具备Westport HPDI 2.0技术的轻型天然气发动机，供应给各种卡车原始设备制造商（OEM）。
2.西港燃料系统公司（“西港燃料系统”或“公司”）（TSX：WPRT /纳斯达克：WPRT）今天宣布，已与其印度合资伙伴UNO MINDA Group（“ UNO”）签署了最终协议。 MINDA”或“集团”）出售其全资子公司Rohan BRC Gas Equipment Pvt Ltd.的资产。由Westport Fuel Systems和UNO MINDA拥有50％/ 50％的合资企业Minda Emer Technologies Ltd.。西港燃料系统公司首席执行官戴维·约翰逊（David M. Johnson）表示：“鉴于印度致力于可持续发展和具有成本竞争力的运输，印度是CNG(压缩天然气）车辆最大和增长最快的市场之一。 “ Westport Fuel Systems的技术和产品与UNO MINDA在当地的专业知识和关系的结合，有力地使我们能够在印度竞争和发展。在我们与UNO MINDA长达十年的成功合作伙伴关系的基础上，我们非常高兴与他们一起迈出下一步，为这个具有战略意义的市场服务。”--Globalnewswire，2020年9月15日
3. Westport Fuel Systems Inc.在2020年8月31日宣布，已与一家领先的一级汽车供应商签订了长期供应电子控制单元的协议。这是一项为期7年的合同，预计将产生5800万美元的销售额。
4. Westport宣布为其意大利子公司提供1500万欧元的贷款。该公司还从加拿大出口发展局获得了1000万加元的定期信贷。最后，对可转换票据进行了再融资，以将支付的利率从9％降低至6.5％，并将到期期限延长三年。转换价格从每股1.27美元降至1.42美元。 Westport确实同意将债务从1750万美元减至1000万美元，作为交易的一部分。 ---雅虎财经，2020年7月27日
5.投资者对在环境，社会和治理（ESG）友好领域中的公司很感兴趣。根据研究提供商ETF Flows的数据，对那些对ESG问题表示同情的公司的年度投资预计今年将增长40％。
6. Zacks积极的分析：股票的估计数一直在上升，这些修订的幅度看起来很有希望。 Westport拥有Zacks排名第一（强买），这不足为奇。我们预计未来几个月该股票的回报将高于平均水平。
7. 经济从疫情的开放将对WPRT有利。
8.明年的收入估计为+ 185％，接下来的5年平均为+ 30％。分析师的共识评级为买入，目标价为3.9美元。
9.技术分析：WPRT从0.70美元上涨234％至2.34美元（3月低点至8月高点）后，回调至1.60美元附近（50日移动均线），并在该那里获得支撑。 然后，上周五飙升了近39％，成交量为平均成交量为59倍。 上涨动力巨大。 它可能会立即挑战2.50美元的水平，并很可能会突破。 一旦突破$ 2.50，短期内下一个目标区域是$ 3至$ 3.5。 自2015年以来，WPRT一直低于$ 5，长期而言，$ 5绝对是一个可到的目标。支撑是$2然后$1.60.
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