We issued an updated research report on Westport Fuel Systems Inc. (WPRT - Free Report) on Jan 3.
Canada-based Westport Fuel is a developer, manufacturer, and supplier of advanced alternative fuel systems and components. In third-quarter 2018, the company reported adjusted net loss from continuing operations of 9 cents per share, missing the Zacks Consensus Estimate of 5 cents. Net loss per share from continuing operations was 15 cents per share in third-quarter 2017.
Westport Fuel’s margin is strained by rise in raw material prices (majorly aluminum) due to high import tariffs. Further, advancement in technology for adding products in the portfolio is increasing the research development costs for the company. Moreover, it is encountering challenges due to fluctuations in the foreign exchange rate.
Over a month’s time, shares of Westport Fuel have underperformed the industry it belongs to. Shares of the company lost 27.8% compared with the industry’s decline of 9.1%.
However, Westport Fuel’s suite of market-ready alternative fuel products will aid it to benefit from the rising demand for environmentally friendly vehicles. Further, the launch of Westport HPDI 2.0 will attract customers, who manufacture natural gas engine-based trucks.
Westport Fuel currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. (AAP - Free Report) , Fox Factory Holding Corp. (FOXF - Free Report) and CarGurus, Inc. (CARG - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 19.9%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past six months, shares of the company have risen 9.5%.
CarGurus has an expected long-term growth rate of 5%. Over the past year, shares of the company have rallied 7.6%.
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We issued an updated research report on Westport Fuel Systems Inc. (WPRT - Free Report) on Jan 3.
Canada-based Westport Fuel is a developer, manufacturer, and supplier of advanced alternative fuel systems and components. In third-quarter 2018, the company reported adjusted net loss from continuing operations of 9 cents per share, missing the Zacks Consensus Estimate of 5 cents. Net loss per share from continuing operations was 15 cents per share in third-quarter 2017.
Westport Fuel’s margin is strained by rise in raw material prices (majorly aluminum) due to high import tariffs. Further, advancement in technology for adding products in the portfolio is increasing the research development costs for the company. Moreover, it is encountering challenges due to fluctuations in the foreign exchange rate.
Over a month’s time, shares of Westport Fuel have underperformed the industry it belongs to. Shares of the company lost 27.8% compared with the industry’s decline of 9.1%.
However, Westport Fuel’s suite of market-ready alternative fuel products will aid it to benefit from the rising demand for environmentally friendly vehicles. Further, the launch of Westport HPDI 2.0 will attract customers, who manufacture natural gas engine-based trucks.
Westport Fuel currently carries a Zacks Rank #4 (Sell).
A few better-ranked stocks in the auto space are Advance Auto Parts, Inc. (AAP - Free Report) , Fox Factory Holding Corp. (FOXF - Free Report) and CarGurus, Inc. (CARG - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advance Auto Parts has an expected long-term growth rate of 12.1%. Over the past year, shares of the company have increased 19.9%.
Fox Factory has an expected long-term growth rate of 17.9%. Over the past six months, shares of the company have risen 9.5%.
CarGurus has an expected long-term growth rate of 5%. Over the past year, shares of the company have rallied 7.6%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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