Westport Fuel Systems Inc. engineers, manufactures, and supplies alternative fuel systems and components for use in transportation applications worldwide. It operates through Original Equipment Manufacturer, Independent Aftermarket, 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 shuttle 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. markets its products primarily under the Cummins Westport, BRC Gas Equipment, Westport, OMVL, Prins, GFi Control systems, Emer, Zavoli, TA Gas Technology, Valtek, and AFS brands. The company was formerly known as Westport Innovations Inc. and changed its name to Westport Fuel Systems Inc. in June 2016. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada.
IPO Year: 2008
Exchange: NASDAQ
Website: wfsinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2022 | $2.50 | Sector Perform | RBC Capital Mkts |
| 2/8/2022 | $16.00 → $12.00 | Buy | HC Wainwright & Co. |
| 9/9/2021 | $5.00 | Neutral | JP Morgan |
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VANCOUVER, British Columbia, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), announces that Brenda Eprile has retired from Westport's Board of Directors (the "Board"), effective January 6, 2025. The Board is currently evaluating alternatives with respect to the appointment of an independent director to fill the vacancy. "On behalf of the entire Board of Directors, I would like to express our deepest gratitude to Brenda for her exceptional leadership and unwavering dedication throughout her 11 year tenure," said Dan Hancock, Westport Fuel Systems Board Chair. "Brenda has been an invaluable part of our team, and we wish her well in her next
VANCOUVER, British Columbia, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the third quarter ended September 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "Westport delivered solid results in the third quarter of 2024. Although revenue was down, this decrease was more than outweighed by the revenue earned at Cespira and we delivered significant improvement in Adjusted EBITDA. We continue to execute against our three strategic pillars - har
VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the third quarter of 2024 on Tuesday, November 12, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, November 13, 2024. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register.vevent.com/register/BI0e453d34cd1c4f7da856b4eec14f0d4cWebcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the o
VANCOUVER, British Columbia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that it has established an at-the-market equity offering program (the "ATM Program") that allows the Company to issue and sell up to US$35,000,000 (or its Canadian dollar equivalent) of common shares of the Company (the "Common Shares") from treasury to the public, from time to time, at the Company's discretion. Distributions of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement dated September 13, 2024 (the "Distribution Agreement") entered into among the Company and Craig-H
VANCOUVER, British Columbia, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the second quarter ended June 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "In the second quarter of 2024, we remained focused on implementing the Company's three strategic pillars: harnessing the potential of our HPDI joint venture, enhancing operational excellence, and continuous innovation to shape the world's hydrogen-powered future. We celebrated several accom
VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the second quarter of 2024 on Tuesday, August 13, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, August 14, 2024. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register.vevent.com/register/BIe166497326ef478e85dda36eea3f3316Webcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online regis
Event Highlights Joint Venture's Role in Global Adoption of HPDI™ Fuel System,Advancing Commercial Transportation to Smarter, Cleaner Power with IC Engines VANCOUVER, British Columbia, July 05, 2024 (GLOBE NEWSWIRE) -- Volvo Group ("Volvo") and Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT / Nasdaq: WPRT) today marked a defining moment in the journey of the newly formed joint venture (JV) as the two companies celebrated the official launch of their partnership with an exclusive event at the University of British Columbia, the birthplace of Westport's HPDI™ fuel system technology. Nurtured for nearly 30 years within Westport, the two partners are coming together to j
VANCOUVER, BC, June 25, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT) (NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, is pleased to publish its 2023 Environmental, Social and Governance ("ESG") report (the "2023 ESG Report"). The 2023 ESG Report outlines the Company's accomplishments within its primary areas of focus that include reduced emissions and energy consumption, operational health and safety, diversity, equity and inclusion, responsible sourcing, human rights, and ESG governance.
VANCOUVER, BC, June 13, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT) (NASDAQ:WPRT) today held its Annual General Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, and an advisory Say-on-Pay vote. A summary of the results are as follows: Business Outcome of Vote Percentage of Votes For Percentage of Votes Withheld/Against Number of Directors Approved 87.84 %
Working Together to Accelerate the Commercialization and Global Adoption of Westport's HPDI™ Fuel System Technology for Long-Haul and Off-Road Applications VANCOUVER, BC, June 3, 2024 /PRNewswire/ - Volvo Group ("Volvo") and Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT) (NASDAQ:WPRT) today announced the closing and launch of their previously announced joint venture transaction. The joint venture is committed to accelerating the commercialization and global adoption of Westport's HPDI™ fuel system technology for long-haul and off-road applications. The joint venture will be led, on an interim basis, by Dan Sceli, Chief Executive Officer of Westport in addition to Scott B
RBC Capital Mkts initiated coverage of Westport Fuel Systems with a rating of Sector Perform and set a new price target of $2.50
HC Wainwright & Co. reiterated coverage of Westport Fuel Systems with a rating of Buy and set a new price target of $12.00 from $16.00 previously
JP Morgan initiated coverage of Westport Fuel Systems with a rating of Neutral and set a new price target of $5.00
HC Wainwright & Co. reiterated coverage of Westport Fuel Systems with a rating of Buy and set a new price target of $16.00 from $5.00 previously
Lake Street Capital reiterated coverage of Westport Fuel Systems with a rating of Buy and set a new price target of $13.00 from $4.00 previously
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6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
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6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
VANCOUVER, British Columbia, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), announces that Brenda Eprile has retired from Westport's Board of Directors (the "Board"), effective January 6, 2025. The Board is currently evaluating alternatives with respect to the appointment of an independent director to fill the vacancy. "On behalf of the entire Board of Directors, I would like to express our deepest gratitude to Brenda for her exceptional leadership and unwavering dedication throughout her 11 year tenure," said Dan Hancock, Westport Fuel Systems Board Chair. "Brenda has been an invaluable part of our team, and we wish her well in her next
VANCOUVER, BC, June 13, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT) (NASDAQ:WPRT) today held its Annual General Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, and an advisory Say-on-Pay vote. A summary of the results are as follows: Business Outcome of Vote Percentage of Votes For Percentage of Votes Withheld/Against Number of Directors Approved 87.84 %
Tony Guglielmin to step down as Interim CEO andremain on Westport's Board of Directors VANCOUVER, BC, Jan. 16, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" of the "Company") (TSX:WPRT) (NASDAQ:WPRT) a leading supplier of advanced alternative fuel systems and components for the global transportation industry, today announced Dan Sceli as the Company's new Chief Executive Officer ("CEO") and a member of the Westport Board of Directors. Dan will join Westport as incoming CEO effective immediately, assuming the role from Tony Guglielmin who has supported Westport's leadership team as Interim CEO through this transition period.
VANCOUVER, BC, Aug. 21, 2023 /PRNewswire/ - Westport Fuel Systems Inc. (TSX:WPRT) (NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today that David Johnson, Chief Executive Officer has decided to step down as chief executive officer and will resign from the Board, effective immediately. Tony Guglielmin, who serves on the Westport Board and as Chair of the Audit Committee, will act as interim CEO until such time that a replacement is identified. Bill Larkin, our chief financial officer and Lance Follett, our chief legal officer will both be taking on expanded roles during the transition period.
VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, today announced the appointment of Fabien G. Redon as the company's chief technology officer (CTO) and executive vice president of product development. In this role, Redon will report directly to David M. Johnson, the company's chief executive officer. As chief technology officer and executive vice president, Redon will be responsible for developing and delivering clean alternative fuel systems products from concept to customers in the global transportation and off
VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("WFS" or the "Company") (TSX:WPRT, NASDAQ:WPRT) today held its Annual and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, an advisory Say-on-Pay vote and approval for board discretion to initiate a share consolidation. A summary of the results are as follows: BusinessOutcomeof VotePercentage of Votes ForPercentage of VotesWithheld/AgainstElection of Directors Anthony GuglielminApproved90.89%9.11%Brenda EprileA
Appointment of Chief Financial Officer & March Operational UpdateLONDON, UK / ACCESSWIRE / April 4, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to announce the appointment of Jim MacCallum as Chief Financial Officer. He will start in the position on 5 April 2023. Mr. MacCallum is not a statutory director of the Company.Mr. MacCallum is a Certified Public Accountant and a Chartered Financial Analyst, bringing over thirty years of experience across various roles in finance and accounting. He currently serves as Chief Financial Officer of East Side Games Group Inc (TSX:EAGR), a publicly-traded mobile game platform technology company ba
VANCOUVER, British Columbia, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT) today announced the resignation of its Chief Financial Officer (CFO), Richard Orazietti, for personal reasons. Mr. Orazietti will continue in his capacity as CFO until November 30, 2022, following the release of Westport's third quarter 2022 results, to ensure a smooth transition and the seamless transfer of duties and responsibilities. "On behalf of myself and the Board, I would like to thank Richard for his commitment and significant contributions to Westport," said David Johnson, Chief Executive Officer of Westport. "Since joining in 2019, Ric
VANCOUVER, British Columbia, May 05, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("WFS" or the "Company") (TSX:WPRT, NASDAQ:WPRT) today held its Annual and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, an advisory Say-on-Pay vote and amendments to Corporation By-Laws. A summary of the results are as follows: BusinessOutcome of VotePercentage of Votes ForPercentage of Votes Withheld/AgainstElection of Directors Anthony GuglielminApproved94.89%5.11%Brenda EprileApproved94.78%5.22%Dan HancockA
VANCOUVER, British Columbia , Jan. 25, 2022 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport Fuel Systems" or the "Company") (TSX:WPRT, NASDAQ:WPRT) today announced the appointment of Philip Hodge to the company's Board of Directors, effective January 25, 2022. "We are pleased to welcome Mr. Hodge to the Board of Directors at Westport Fuel Systems," said Daniel Hancock, Chair of the Board. "Phil brings a wealth of experience to the Company as a public company executive, leader and corporate director with over 30 years of work experience spanning corporate legal practice, international business, investment banking, and mergers and acquisitions. He also has a deep background in a
VANCOUVER, British Columbia, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the third quarter ended September 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "Westport delivered solid results in the third quarter of 2024. Although revenue was down, this decrease was more than outweighed by the revenue earned at Cespira and we delivered significant improvement in Adjusted EBITDA. We continue to execute against our three strategic pillars - har
VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the third quarter of 2024 on Tuesday, November 12, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, November 13, 2024. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register.vevent.com/register/BI0e453d34cd1c4f7da856b4eec14f0d4cWebcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the o
VANCOUVER, British Columbia, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, reported financial results for the second quarter ended June 30, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "In the second quarter of 2024, we remained focused on implementing the Company's three strategic pillars: harnessing the potential of our HPDI joint venture, enhancing operational excellence, and continuous innovation to shape the world's hydrogen-powered future. We celebrated several accom
VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the second quarter of 2024 on Tuesday, August 13, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, August 14, 2024. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register.vevent.com/register/BIe166497326ef478e85dda36eea3f3316Webcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online regis
VANCOUVER, BC, May 8, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport") (TSX:WPRT) (NASDAQ:WPRT) reported financial results for the first quarter ended March 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "In my first 100 days, I have worked to determine what needs to be done, identified areas for improvement and begun implementing our three strategic pillars to: harness the potential of our HPDI joint venture to drive success, enhance operational excellence, and focus on Westport's ability to shape the world
VANCOUVER, BC, April 23, 2024 /CNW/ - Westport Fuel Systems Inc. (TSX:WPRT) (NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the first quarter of 2024 on Wednesday, May 8, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Thursday, May 9, 2024. Time: 10:00 a.m. ET (7:00 a.m. PT)Dial-in: 1-416-764-8688 or toll-free at 1-888-390-0546Webcast: https://investors.wfsinc.com To join the conference call with
VANCOUVER, BC, April 23, 2024 /PRNewswire/ - Westport Fuel Systems Inc. (TSX:WPRT) (NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release financial results for the first quarter of 2024 on Wednesday, May 8, 2024, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Thursday, May 9, 2024. Time: 10:00 a.m. ET (7:00 a.m. PT)Dial-in: 1-416-764-8688 or toll-free at 1-888-390-0546Webcast: https://investors.wfsinc.com To join the conference ca
VANCOUVER, BC, March 25, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport") (TSX:WPRT) (NASDAQ:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2023, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "I am privileged to report that despite challenges last year, we achieved new milestones, evolved strategically, and prioritized operational efficiency and financial strength and, in doing so, we generated record revenues. Consistent with our priority to drive sustainable growth, our tea
VANCOUVER, BC, March 11, 2024 /CNW/ - Westport Fuel Systems Inc. (TSX:WPRT) (NASDAQ:WPRT) ("Westport" or "The Company") announces that, in consideration of the Company's announcement today regarding the signing of an investment agreement to form a joint venture to accelerate the commercialization of its HPDI fuel system, the Company will reschedule the release of its audited financial results for the fourth quarter and fiscal year ending December 31, 2023. Results will now be issued on Monday, March 25, 2024, after the close of market. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, March 26, 2024.
VANCOUVER, BC, March 11, 2024 /PRNewswire/ - Westport Fuel Systems Inc. (TSX:WPRT) (NASDAQ:WPRT) ("Westport" or "The Company") announces that, in consideration of the Company's announcement today regarding the signing of an investment agreement to form a joint venture to accelerate the commercialization of its HPDI fuel system, the Company will reschedule the release of its audited financial results for the fourth quarter and fiscal year ending December 31, 2023. Results will now be issued on Monday, March 25, 2024, after the close of market. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, March 26, 2024.