JP Morgan initiated coverage on Westport Fuel Systems with a new price target
$WPRT
Industrial Machinery/Components
Industrials
JP Morgan initiated coverage of Westport Fuel Systems with a rating of Neutral and set a new price target of $5.00
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| 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 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, 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, 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
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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