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Craig-Hallum Reaffirms Their Buy Rating on Westport Fuel Systems (WPRT)

Tipranks - Tipranks - Fri May 15, 3:40PM CDT

In a report released yesterday, Eric Stine from Craig-Hallum maintained a Buy rating on Westport Fuel Systems. The company’s shares closed today at C$2.71.

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According to TipRanks, Stine is a 5-star analyst with an average return of 20.0% and a 44.51% success rate. Stine covers the Industrials sector, focusing on stocks such as NuScale Power, Amprius Technologies Inc, and Ameresco.

Westport Fuel Systems has an analyst consensus of Moderate Buy, with a price target consensus of $4.38.

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Based on Westport Fuel Systems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.91 million and a GAAP net loss of C$9.2 million. In comparison, last year the company earned a revenue of C$75.09 million and had a GAAP net loss of C$10.14 million

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