Westport Fuel Systems (WPRT) Catches Eye: Stock Jumps 13.7%

By Zacks Investment ResearchStock MarketsDec 25, 2017 08:31PM ET

www.investing.com/analysis/westport-fuel-systems-wprt-catches-eye-stock-jumps-137-200275812

Westport Fuel Systems (WPRT) Catches Eye: Stock Jumps 13.7%

By Zacks Investment Research | Dec 25, 2017 08:31PM ET

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Westport Fuel Systems Inc. (NASDAQ:WPRT) was a big mover last session, as the company saw its shares rise more than 13% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.66 to $3.15 in the past one-month time frame.

The move came after the company signed a Memorandum of Understanding with Weichai Power Co., Ltd. This allows the development, marketing as well as commercialization of the Westport high pressure direct injection technology in China. Also, the company has signed a secured loan agreement worth $20 million with Export Development Canada.

The company has not seen any estimate revisions in the past one month, while the Zacks Consensus Estimate has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Westport currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Westport Fuel Systems Inc Price

Westport Fuel Systems Inc Price | Westport Fuel Systems Inc Quote

A better-ranked stock in the Automotive - Original Equipment industry is Allison Transmission Holdings, Inc. (NYSE:ALSN) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WPRT going up? Or down? Predict to see what others think: Up or Down

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report

Westport Fuel Systems Inc (WPRT): Free Stock Analysis Report

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Westport Fuel Systems (WPRT) Catches Eye: Stock Jumps 13.7%

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