"While the price spread between diesel and natural gas is currently narrower". I think that statement is one of the main reasons this stock is down so much. China slowing down is another reason.
Did you read and comprehend the article. Directly from the article: "the needs of customers in the primary markets for natural gas vehicles – regional-haul and dedicated routes – are being met with the company’s current natural gas line-up," Volvo says.
That line-up includes factory-built VNM 200 and VNL 300 daycabs with spark-ignition Cummins Westport ISL G and ISX12 G engines that can run on LNG or compressed natural gas (CNG) for local and regional-haul applications."
Change his title and make Nancy the CEO. Have you researched here background: Ms. Nancy S. Gougarty has been the President and Chief Operating Officer of Westport Innovations Inc. since July 26, 2013. Ms. Gougarty served as the Vice President for TRW Automotive Corporation operations in the Asia-Pacific region since January 2008 until her departure in 2012. She joined TRW in 2005, her previous positions included Vice President of Product Planning, Business Planning and Business Development, and Vice President of Braking, Electronics and Modules at Asia Pacific. Her distinguished career began in 1978 when she started with General Motors' Packard Electric Division, first as an industrial engineer. Later, she took on various roles in application engineering, finance, operations, and sales and engineering with increasing responsibility. Since 1997, she served as Managing Director for General Motors' joint venture in Shanghai, followed by a series of appointments accountable for strategic growth in Asian countries. After the successful post as the Director for Delphi Packard, Asia Pacific, she spent three years leading Delphi's largest account as Global Account Director General Motors, until becoming the Vice President of Delphi Automotive Systems, Japan and Korea. She has been a Director of TriMas Corporation since November 1, 2013. She served as a Director of Westport Innovations Inc. from February 8, 2013 to July 26, 2013. She is a certified Six Sigma Green Belt. A community service advocate, Ms. Gougarty serves as Advisor to the President of Marietta College, Ohio. She holds an EMBA degree from Case Western Reserve University and a Bachelor's Degree of science in Industrial Management from University of Cincinnati.
Based on what? They warned immediately when the quarter was over. What else were they suppose to do?
I have read this several times and still not sure I fully get it: "Second, key OEM development partners are moving to the newly co-developed Westport™ HPDI 2.0 injectors, which are expected to lower the cost of the system and provide benefits noted above, but the revised development schedule will defer related service revenue milestone payments in the near term. Westport will, however, be able to reduce its overall program expenses, offsetting the reduction in service revenue; and synergies across multiple customer programs are expected to allow better long-term returns."
So does the new injector design allow them do reduce overall program expenses, or are they just cutting back on other R&D efforts (or maybe company fat)?
Thinks about HPQ a couple years ago. Everybody was negative and selling it. Everyone agreed future was terrible. It's tripled since then.
WPRT seems to have a lot more opportunity for something to hit. Suppose the Oil / NG price spread doesn't favor NG Engines in US in near term. This should be a bigger problem for CLNE than WPRT, as China may still role out NG trucks for other reasons (emissions). Of course the percentage drop in diesel fuel prices doesn't equal percentage drop in oil prices.
Why don't you call the company instead of ask a Yahoo message board?
The general sales number is 855-978-9464. Do some DD and call them.
I'm amazed how many posters don't seem to know something that simple. They can't buy until after earnings are released. If we are still sitting down here then, you would hope some of them would step up to the plate and show their vote of confidence.