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 |
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) reported financial results for the first quarter ended March 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We continue to make significant strides in transforming Westport and sharpening our strategic focus. Our priorities remain clear: driving success through Cespira, our HPDI joint venture with Volvo Group; pursuing operational excellence through initiatives to streamline processes and reduce costs; and positioning Westport at the forefront of the alternative fuel shift. These priorities are guiding
VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or the "Company") announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72edWebcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upo
VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "The past year has been transformative for Westport as we sharpened our strategic focus, advanced our clean transportation technologies, and enhanced operational efficiencies. We have made significant strides in aligning our operations with our competitive strengths, improving margins, and reinforcing our commitment to delivering cost-effective solutions that drive decarbonization
VANCOUVER, British Columbia, March 19, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release 2024 financial results on Monday, March 31, 2025, before market open. A conference call and webcast to discuss the financial results and other corporate developments will be held on the same day: Monday, March 31, 2025. Time: 1:30 p.m. ET (10:30 a.m. PT)Call Link: https://register-conf.media-server.com/register/BId6a8762a91a74ab1b129f33836d3db21Webcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registratio
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
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VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), today held its Annual General 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 for the ensuing year, the appointment of KPMG LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025. A summary of the results are as follows: ResolutionO
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) reported financial results for the first quarter ended March 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We continue to make significant strides in transforming Westport and sharpening our strategic focus. Our priorities remain clear: driving success through Cespira, our HPDI joint venture with Volvo Group; pursuing operational excellence through initiatives to streamline processes and reduce costs; and positioning Westport at the forefront of the alternative fuel shift. These priorities are guiding
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), has entered into lock-up agreements with certain of its shareholders, executives and board members representing an aggregate of approximately 2.0 million shares, or 11.4% of the currently issued and outstanding shares, to vote in favour of the special resolution approving the sale of Westport Fuel Systems Italia S.r.l. (the "Lock-Up Agreements"). "These Lock-Up Agreements are a significant vote of confidence in Westport's strategic direction and growth potential. I am thankful to our key shareholders and our Board, for their continued support a
VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or the "Company") announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72edWebcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upo
VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "The past year has been transformative for Westport as we sharpened our strategic focus, advanced our clean transportation technologies, and enhanced operational efficiencies. We have made significant strides in aligning our operations with our competitive strengths, improving margins, and reinforcing our commitment to delivering cost-effective solutions that drive decarbonization
VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), has entered into a binding agreement (the "Agreement") to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, including the light-duty OEM, delayed OEM, and independent aftermarket businesses, to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. ("Heliaca Investments"), a Netherlands based investment firm supported by Ramphastos Investments Management B.V. a prominent Dutch venture capital and private equity firm (the "Transaction"). The Transaction provides for a base purchase
VANCOUVER, British Columbia, March 19, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release 2024 financial results on Monday, March 31, 2025, before market open. A conference call and webcast to discuss the financial results and other corporate developments will be held on the same day: Monday, March 31, 2025. Time: 1:30 p.m. ET (10:30 a.m. PT)Call Link: https://register-conf.media-server.com/register/BId6a8762a91a74ab1b129f33836d3db21Webcast: https://investors.wfsinc.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registratio
VANCOUVER, British Columbia, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), is pleased to announce that Cespira, the Company's High Pressure Direct Injection (HPDI) joint venture with Volvo Group, has appointed Carlos Gonzalez as President and CEO, effective April 1, 2025. Carlos succeeds Dan Sceli, CEO of Westport, who held the position on an interim basis since the closing of the joint venture transaction in June 2024 and will continue to sit on Cespira's board. "The Westport team is pleased to welcome Carlos as the new President and CEO of Cespira," said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. "His exceptional lea
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
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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VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), today held its Annual General 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 for the ensuing year, the appointment of KPMG LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025. A summary of the results are as follows: ResolutionO
VANCOUVER, British Columbia, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), is pleased to announce that Cespira, the Company's High Pressure Direct Injection (HPDI) joint venture with Volvo Group, has appointed Carlos Gonzalez as President and CEO, effective April 1, 2025. Carlos succeeds Dan Sceli, CEO of Westport, who held the position on an interim basis since the closing of the joint venture transaction in June 2024 and will continue to sit on Cespira's board. "The Westport team is pleased to welcome Carlos as the new President and CEO of Cespira," said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. "His exceptional lea
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