Canaccord Genuity Maintains a 'Hold' on Westport Innovations (WPRT); Investor Day Highlights
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Price: $30.00 +5.19%
Rating Summary:
9 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 24 | New: 24
Rating Summary:
9 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 24 | New: 24
Trade WPRT Now!
Canaccord Genuity maintains a 'Hold' on Westport Innovations (NASDAQ: WPRT) price target of $34.00.
Analyst, John Quealy, said, "We like management’s strategy (and track record thus far) in building the technology/IP/product platform. That said, we find risk/reward balanced here given current expectations on product commercialization timeframes and resulting profitability."
"In short, we com e away expecting incremental, sizable HD order flow (~200+units) near term as the company’s partners Shell (NYSE: RDS-A)) and Clean Energy (Nasdaq: CLNE) offer fixed-price/bundled fueling plans, while the company’s longer-term HD margin matrix assumes impressive 30% engine cost reductions over the next 18 months."
Other highlighted points include: 1) Potential with Cummings; 2) Off-Road attractive, but up to 24-months away from commercializing.
For an analyst ratings summary and ratings history on Westport Innovations click here. For more ratings news on Westport Innovations click here.
Shares of Westport Innovations closed at $26.28 yesterday, with a 52 week range of $19.66-$50.19.
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Analyst, John Quealy, said, "We like management’s strategy (and track record thus far) in building the technology/IP/product platform. That said, we find risk/reward balanced here given current expectations on product commercialization timeframes and resulting profitability."
"In short, we com e away expecting incremental, sizable HD order flow (~200+units) near term as the company’s partners Shell (NYSE: RDS-A)) and Clean Energy (Nasdaq: CLNE) offer fixed-price/bundled fueling plans, while the company’s longer-term HD margin matrix assumes impressive 30% engine cost reductions over the next 18 months."
Other highlighted points include: 1) Potential with Cummings; 2) Off-Road attractive, but up to 24-months away from commercializing.
For an analyst ratings summary and ratings history on Westport Innovations click here. For more ratings news on Westport Innovations click here.
Shares of Westport Innovations closed at $26.28 yesterday, with a 52 week range of $19.66-$50.19.
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