LONDON, UK / ACCESSWIRE / July 17, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Westport Fuel Systems Inc. (NASDAQ: WPRT), following which we have published a free report that can be viewed by signing up at The Company announced on July 14, 2017, that it expects revenues to be $57 million-$59 million for the quarter ended June 30, 2017, and cash balance to be approximately $87 million on June 30, 2017. The Company stated that it expects adjusted EBITDA to be positive in early 2018. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WPRT. Go directly to your stock of interest and access today’s free coverage at:

Westport and Fuel Systems merged in June 2016, bringing together two industry leaders. The new entity appointed Nancy Gougarty as CEO in July 2016.

Offering of Shares

On the same day, in a separate press release, Westport Fuel Systems announced that it intends to offer and sell common shares in an underwritten public offering. Westport Fuel Systems also expects to grant the underwriters a 30-day option to purchase additional common shares. Oppenheimer & Co. Inc. is acting as the sole book-running manager for the Offering. Craig-Hallum Capital Group LLC will act as the co-lead manager.

New Director at Place

On July 10, 2017, Westport Fuel Systems announced that Daniel M. Hancock has been appointed to the Company’s Board of Directors, effective July 07, 2017. The appointment of Mr. Hancock, who was previously a member of Westport Fuel Systems’ Advisory Board, increases the number of directors from eight to nine.

“Dan’s knowledge and extensive experience in the automotive sector, combined with his familiarity with Westport Fuel Systems as a former Advisory Board member, will provide strategic acumen to further strengthen our Board during this transformative time in the Company,” said Brenda Eprile, Chairman of the Board.

Mr. Hancock was appointed a member of the Westport Fuel Systems’ Advisory Board in March of 2017 and is currently President of DMH Strategic Consulting LLC. Mr. Hancock retired from General Motors in 2011, after 43 years of service in General Motors’s powertrain engineering and general management functions. During this period, he served as Chairman of General Motors s DMAX and VM Motori diesel engine joint ventures with Isuzu and Fiat, respectively.

Mr. Hancock now serves on boards and advisory positions with several organizations focusing on new powertrain technologies and STEM (Science, Technology, Engineering, and Mathematics) education. He was President of SAE International in 2014 and is a member of the National Academy of Engineering. He received a master’s degree in mechanical engineering from Massachusetts Institute of Technology and a bachelor’s degree also in mechanical engineering from General Motors Institute (now Kettering University), Michigan.

Last Close Stock Review

At the closing bell, on Friday, July 14, 2017, Westport Fuel Systems’ stock tumbled 15.46%, ending the trading session at $1.64. A total volume of 9.01 million shares has exchanged hands, which was higher than the 3-month average volume of 774.96 thousand shares. The Company’s stock price skyrocketed 54.72% in the last three months, 35.54% in the past six months, and 25.19% in the previous twelve months. Moreover, the stock soared 45.13% since the start of the year. The stock currently has a market cap of $180.75 million.


The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit


For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: [email protected]

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

Related Posts Plugin for WordPress, Blogger...