After spending much of the past six months at a mediocre three-star rank, Westport Innovations
With Westport strengthening its position in a growing market for alternative fuel vehicles, many CAPS members like the growth possibilities. It reported a 35.7% increase in fiscal fourth-quarter sales and sees many positive developments taking place in the market for natural gas vehicles (NGVs).
Recently introduced legislation in the U.S. could help spur the adoption of NGVs, and the company is bullish on the continuing discoveries of natural gas shales loaded with resources, which will serve to provide a cheap source of fuel for its customers for the foreseeable future. The race for natural gas in North America has also attracted foreign investment like Reliance Industries’ joint venture agreement with Pioneer Natural Resources
While Honda
Things are also looking good on the international front. While peer and partner Clean Energy Fuels
Do you think Westport Innovations deserves its raised status? Add your thoughts in the comments box below, or head over to CAPS to rate the company.
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