Many investors appear to be quite bearish Westport Innovations Inc. (USA) (WPRT) especially if you look at the percentage of the float that is sold short for this stock. Currently, 25.3% of the float is sold short, suggesting an extreme level of bearishness for WPRT.
However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on WPRT, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of WPRT to move higher in the weeks ahead.
I disagree g8fredmeyer, depends on the house rules. some have to cover at the end of the days trading...lots of rules. That is why bayer aspirin sells so well still
elstockjock: I never though about that. you may be exactly right! That is really a good idea as well. kids learn better when they have actual skin in the game. They will see the 5% stock dividend later as another learning experience. I like it!!!
Hi chris, read the earning report more closely and you will see that Jueche comments are full of 1/2 truths. It is your money and your decision.
I saw the $5 myself. Very odd. Must be some sort of program issue. I was thinking a big deal was about to be announce this week with the run-up we had. One never knows. We should (IMHO) be $7-$8 by the end of the year. I am hoping something extra is slipped into this Qtr's earning report since they do not do PR any other way it seems
Sentiment: Strong Buy
Thank nyc314. Schwab has earnings for Thursday before market open. Your info is likely more correct
Which is where Westport Innovations (NASDAQ: WPRT ) and Power Solutions International (NASDAQ: PSIX ) come into play. Westport operates two significant joint ventures: One in the U.S. with partner Cummins, and one in China with Weichai Power. And while the Cummins JV (CWI) is expected to grow strongly over the next few years on the back of expansion in heavy-duty trucking, revenue grew only 12% over the first half of the year. The Weichai JV (WWI), on the other hand, grew more than 144% over the same period. And it's not just percentages that tell the story: In absolute terms, WWI is generating more than double the revenue of CWI; $258 million in the first half of 2013. Lastly, per IEA, the growth rate of natural gas for transportation China is four-times that of the U.S.
Power Solutions International does most of its business in application-specific engines such as generators and forklifts, and has just begun expanding into engines for transportation, using primarily General Motors engines that the company itself modifies (not through joint ventures) to run natural gas. The approach has netted different results so far. Power Solutions International is a much smaller company, having generated only about $215 million over the past year, while Westport Innovations and its joint ventures combined have generated more than $600 million in engine sales.
It is possible to customize the ice Pack System to hold two 30 packs of beer right? lol WPRT is rocking into earnings. I expect great numbers!
Sentiment: Strong Buy
I think the SA article is more of a PUMP before the Dump. Nothing has changed at ONVO. No breaking news. We want it to trade sideways until news breaks. Any spikes is just pumping.
There is/are no earnings. NONE Way too early. No serious ONVO investor expects any earning until late 2014. Right now it is all about development of partnerships.
Top Gun amazing!!! Must be why Berkshire likes CBI as well