Here's Why Westport Fuel Systems Inc. (USA) Stock Shot Up 64% in One Month
Shares of Westport Fuel Systems Inc. (USA) (NASDAQ: WPRT) jumped an incredible 64.4% in August. This marks the continuation of a strong run for the natural gas and propane engine and fuel system maker's stock over the past few quarters. Since early March of this year, Westport Fuel System's stock price is up more than 243% at this writing.
A couple of things are driving the stock upward, including a handful of moves by management to raise cash and reduce debt ahead of the commercial launch of the company's long-awaited HPDI 2.0 fuel injection system for the heavy-duty truck market.
August was a pretty busy month for Westport, with the company announcing its second-quarter financial results mid-month, as well as disclosing several other actions management took after the end of the second quarter to strengthen the company.
Source: Fool.com
Westport Innovations Inc. Stock
Currently there is a rather positive sentiment for Westport Innovations Inc. with 3 Buy predictions and 1 Sell predictions.
With a target price of 17 € there is potential for a 2487.52% increase which would mean more than doubling the current price of 0.66 € for Westport Innovations Inc..
