Hopefully these stocks are a small percentage of your portfolio and you don't need the money elsewhere. If that is the case, then hold these stocks. You've ridden them too far to give up now. Remember that these stocks are tanking for two reasons - no profits yet and the rest of the economy is tanking as well.
But these stocks are the logical building blocks for two major directions America must take - breaking our dependence on foreign oil and cleaning up our air pollution.
WPRT is facing some hurdles in that their sales are down because all truck sales in North America are down. I expect, and I emphasize that this is my opinion, that at some point WPRT will turn the corner as a) diesel prices head back up; and b) the economy picks up. It would be NICE if Obama would articulate a comprehensive energy plan that includes NG but I expect WPRT to succeed even if Obama is never so direct in support of NG. The economics of NG are such that they present an immediately available and reasonable affordable alternative for truck fleet owners. There are many sectors evaluating NG and many large well-known companies like Walmart, UPS, long haul trucking firms etc. There will be more ports following POLA/POLB's lead in the next few years (though by then there might be more competitors for WPRT as well). Just a few of these guys pushing hard to NG will put WPRT in a good place. So I think there is good reason to not just hold on to what you have but to buy more at these bargin prices.
CLNE is making some headway as well but it might be a while before they are profitable since they are shouldering so much of the up-front costs of new fillng stations etc in order to get their product on the street. But they are a commodity provider and I believe that NG will really take hold for fleets everywhere in the US....taxi fleets, truck fleets, we already see garbage fleets and bus fleets...and so much more. So I think they are an even better long term play than WPRT.
In fact it has always been my idea to take profits from FSYS (already done!) as well as WPRT (in the next year or two I hope) and turn them around into CLNE purchaes....a sort of laddering effect if you will.
If you are asking my opinion, if you have ridden them down this far, HANG ON. Sometimes it can be SO frustrating watching this stuff day-to-day. But in the next few years I believe these stocks will be real winners and if you sold now you would be kicking yourself in 2011 and 2012.
Also, check out bargain basement prices on OMTK. Tough to do DD on them so they are not even a speculative play...they are a GAMBLE. But I threw in a few hundred bucks...you never know.
Thanks for a good, upbeat response. I think both stocks mentioned will see a near term spike produced by bargain hunters with the vision to see the future. Then, more slowly, as the companies turn profitable, I expect they will both grind out long term appreciation.
I totally agree with both of your assessments. I think this company is destined to be a winner over the long term, say 5-10yrs. There's just so much momentum towards NG for transportation fuel right now, it doesn't seem likely that this move towards NG (for large fleets, I mean) will just die. The wind is at our back politically, environmentally, economically, and socially. I just bought more today and I don't plan on selling until this company has been raking in profits for a number of years, and I expect that they will become profitable within the next couple years...