On Thursday afternoon, Westport Innovations Inc. (TSX: WPT)(NYSE: WPRT) reported earnings for the third quarter of 2014. Revenue of $25.3 million matched expectations, while the earnings per share figure of -$0.40 actually beat estimates by $0.05.
Low prices are bad news for producers like Encana Corporation and Chesapeake Energy Corporation. But it's great news for companies like Westport Innovations Inc. (TSX: WPT)(NASDAQ: WPRT), which builds natural gas-powered engines. At current prices ...
It sure hasn't been fun to be a Westport Innovations Inc. (TSX: WPT)(Nasdaq: WPRT) shareholder in recent years. In early 2012, the company's shares were trading in the mid-$40s, but have since moved seemingly in only one direction: straight down.
And there's no better name in this space than Westport Innovations Inc. (TSX: WPT) (NASDAQ: WPRT). Ten years ago, the company started helping garbage trucks and city buses adopt natural gas as a transportation fuel.