Westport Innovations Inc. (TSX:WPT)(NASDAQ:WPRT) investors are in a tight spot. The stock ended last week roughly 6% lower, having crashed nearly 10% at one point in trading on July 30 after the company announced its second-quarter numbers.
Westport Innovations Inc (NASDAQ:WPRT) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 2.45 by 11 Wall Street Analysts.
In a surprising move earlier this month, Westport Innovations Inc. (TSX:WPT)(NASDAQ:WPRT) announced plans to acquire Fuel Systems Solutions Inc. (NASDAQ:FSYS) in an all-stock deal to create “a premier alternative fuel vehicle and engine company.
Sure, the company was having success convincing some big trucking outfits to replace their fleet's diesel engines with the company's natural gas burners, but progress was slow. And sure, natural gas is cheaper and burns cleaner, but it's hard to ...