Tag: WEICF
Westport Fuels Natural Gas Conversion
Earlier this week Westport Fuel (WPRT: Nasdaq) reported financial results for the quarter ending September 2018. Based on British Columbia, Westport is a developer and manufacturer of clean fuel systems for both fossil and renewable fuel sources. It has taken some years, but Westport management has worked hard and overcome a number of obstacles to bring a mix of engines and systems capable of handling various fuels such as natural gas, hydrogen and liquid petroleum gas.
Revenue jumped to $65.5 million in the September 2018, quarter delivering $4.3 million in cash earnings. The company’s relationship with truck engine manufacturer Cummins (CMI: NYSE) is proving to be...