Westport Innovations (WPRT) Pops Higher; Enters New Nat Gas Technology Contract with Caterpiller (CAT)

Westport Innovations (Nasdaq: WPRT) shares are indicated for a much higher open Tuesday following the announcement it entered into a development agreement with Caterpillar (NYSE: CAT) to turn off-road equipment into machines capable of running on natural gas. For more on the announcement, click here.

Ahead of the announcement, Westport's implied volatility had been on an upward movement. The stock is indicated about 10.6 percent higher.

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