We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Westport Fuel Rides on Alternate Fuel Systems Amid Cost Woes
Read MoreHide Full Article
We issued an updated research report on Westport Fuel Systems Inc. (WPRT - Free Report) on Apr 15.
This Canada-based company is a developer, manufacturer and supplier of advanced alternative fuel systems and components. In fourth-quarter 2018, Westport Fuel’s net loss from continuing operations missed the Zacks Consensus Estimate while consolidated revenues surpassed the same. The figures improved from the year-ago quarter. Huge demand for appropriate fuel systems and components are driving the company’s growth momentum.
In fact, with growing demand for environment-friendly vehicles among customers, original equipment manufacturers (OEMs) are expanding alternative fuel vehicle offerings. This has in turn resulted in strong demand for appropriate fuel systems and components. This actually positions Westport Fuel favorably, with a suite of market-ready alternative fuel products across all segments of transportation.
However, in 2018, the company’s SG&A expenses rose 6% year over year to $67 million. This rise was primarily due to restructuring activities and legal costs. Continuous rise in expenses is hurting the company’s bottom line despite top-line improvements.
Shares of Westport Fuel have outperformed the industry it belongs to in the past three months. Over this time frame, it has gained 15% while the industry rose 9.4%.
Zacks Rank & Stocks to Consider
Currently, Westport Fuel carries a Zacks Rank #3 (Hold).
Geely’ long-term growth rate is projected at 7%. Over the past three months, shares of the company have gained 43.2%.
Ferrari has an expected long-term growth rate of 18.5%. Shares of the company have gained 20.5% over the past three months.
Fox Factory has an expected long-term growth rate of 15.1%. Shares of the company have gained 20.9% over the past three months.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Image: Bigstock
Westport Fuel Rides on Alternate Fuel Systems Amid Cost Woes
We issued an updated research report on Westport Fuel Systems Inc. (WPRT - Free Report) on Apr 15.
This Canada-based company is a developer, manufacturer and supplier of advanced alternative fuel systems and components. In fourth-quarter 2018, Westport Fuel’s net loss from continuing operations missed the Zacks Consensus Estimate while consolidated revenues surpassed the same. The figures improved from the year-ago quarter. Huge demand for appropriate fuel systems and components are driving the company’s growth momentum.
In fact, with growing demand for environment-friendly vehicles among customers, original equipment manufacturers (OEMs) are expanding alternative fuel vehicle offerings. This has in turn resulted in strong demand for appropriate fuel systems and components. This actually positions Westport Fuel favorably, with a suite of market-ready alternative fuel products across all segments of transportation.
However, in 2018, the company’s SG&A expenses rose 6% year over year to $67 million. This rise was primarily due to restructuring activities and legal costs. Continuous rise in expenses is hurting the company’s bottom line despite top-line improvements.
Shares of Westport Fuel have outperformed the industry it belongs to in the past three months. Over this time frame, it has gained 15% while the industry rose 9.4%.
Zacks Rank & Stocks to Consider
Currently, Westport Fuel carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader auto sector are Geely Automobile Holdings Ltd. (GELYY - Free Report) , Ferrari N.V. (RACE - Free Report) and Fox Factory Holding Corp. (FOXF - Free Report) . While Geely and Ferrari currently sport a Zacks Rank #1 (Strong Buy), Fox Factory carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Geely’ long-term growth rate is projected at 7%. Over the past three months, shares of the company have gained 43.2%.
Ferrari has an expected long-term growth rate of 18.5%. Shares of the company have gained 20.5% over the past three months.
Fox Factory has an expected long-term growth rate of 15.1%. Shares of the company have gained 20.9% over the past three months.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>