I don't post much, but I follow the conversations here..
So I thought I might present some thoughts and hope to get some objective feedback on WPRT that might explain the recent activity in the shares, especially insider buying (albeit at a discount to what was then the market price)..
From what I discern, WPRT has finally finished it's R&D on it's near zero emission engines, as well as it's HPDI 2.0, both of which seem to be very disruptive technologies. Both of these technologies, especially the latter, seem to have significant market potential for companies that want to transition from diesel to CNG/LNG. HPDI 2.0 will also likely add to additional sales of fuel storage and management systems for big rigs that are converted.
Additionally, it appears that the company has raised sufficient cash to either pay off, or renegotiate the pending loan payment in September.
Finally, we're seeing significant insider buying, especially by Kevin Douglas, who has long been involved in CNG investments (think Quantum, QTWW, which he took private as they struggled a few years back). From my reading, it's been a long time since insiders have bought stock in WPRT.. and that is ALWAYS a good sign, IMO.
So... is there more at play here than just growing revenues and the hope for profitability in 2018?
Is it possible that a buy-out is in the offing, potentially by Cummins, which may be looking for a additional growth market in the CNG arena? Their stock has been on a tear recently, and they may be in an acquisition mode. And it would seem to me that Westport may be a target, or at least a buyout of the joint venture..
Frito-Lay has announced it will add a fleet of 67 trucks that will run on compressed natural gas (CNP). Eventually, the a majority of the company’s fleet will run on CNP. The fleet will be deployed in July. The company says it will save more than 900,000 gallons of diesel fuel.
The good news is that it’s a win-win for us, both in terms of our sustainability strategy and reducing our costs, Michael O’Connell, senior director of fleet capability at Frito-Lay, said in an interview. The payback for the extra cost of the natural gas trucks is a year and a half, so it’s a little bit of a no-brainer. We retire approximately 125 tractors a year, and we plan to replace as many of them as we can with natural gas.
O’Connell said it could take six to seven years to convert all of the company’s tractor-trailers
CFO and CEO buy shares in Open market - Insiders only buy for 1 reason!
Insider name: ACHUTHAN, ASHOKA 2017-07-19 2017-07-20 Acquisition in the public market +67,500 1.5864 USD 70,245
Insider name: Gougarty, Nancy Stubbins 2017-07-21 2017-07-25 Acquisition in the public market +90,142 1.6266 USD 179,660
Insider name:Keven Douglas 2017-07-21 2017-07-254 Acquisition in the public market +1,850,000 1.50 USD 2,775,000
UK plan includes an end to the sale of all new conventional petrol and diesel cars and vans by 2040 and a new Clean Air Fund £89m – Green Bus Fund. The UK Government has invested a total of almost £89 million via the Green Bus Fund to help bus companies and local authorities in England to put over 1200 new low carbon buses on the roads. £27m – Clean Bus Technology Fund and Clean Vehicle Technology Fund. Since 2013, Government has awarded over £27 million to retrofit almost 3,000 of the oldest vehicles (mainly buses) including through the Clean Bus Technology Fund & Clean Vehicle Technology Fund. http://tinyurl.com/y9e...
The Canadian city of Red Deer, in Alberta, has rolled out 17 new compressed natural gas buses following a celebration at Civic Yards last week. http://tinyurl.com/y9x...
Republic Services Grows CNG Fleet in Northern Ohio Posted by Lauren Tyler -July 24, 2017 Share on Facebook Tweet on Twitter
Republic Services of Northern Ohio is replacing its older, diesel trucks by adding 25 compressed natural gas-powered trucks to its fleet, helping reduce unwanted noise and air emissions in the communities the vehicles serve.
According to Republic Services of Northern Ohio, the company’s expansion includes a new CNG fueling station and highly advanced maintenance facility, which will enable more efficient operations and service for customers throughout Lorain, Cuyahoga and Medina counties.
As reported, the new CNG fueling station will enable drivers and technicians to refuel vehicles overnight and the new maintenance facility will enable technicians to leverage the company’s standardized maintenance practices and supply chain innovation to ensure a more durable fleet and achieve greater environmental efficiencies.
Shuttle tankers are switching over to LNG, not sure if they are using WPRT technology. These ships consume 65,000 cars worth of fuel per year, so it has a significant positive impact to our environment.
Britain to ban sale of all diesel and petrol cars and vans from 2040 Plans follow French commitment to take polluting vehicles off the road owing to effect of poor air quality on people’s health
Insiders BUY more than 11% of secondary / Over 1.9 Million Shares / CFO buys on open market @ $1.59. (Floor is in)
WPRT pays off $42 Million in subordinated Debt. Business moving forward ahead of schedule.
Shorts disappearing...just the paid bashers left, their lies will follow.
Easy BUY and hold for next 6 months+, as the shorts cover and business continues to grow demand will increase.
If you liked this at $2.60 you gotta love it at a $1.70.
EDCO invests in new near zero emission vehicles News Desk | on July 20, 2017
EDCO is taking delivery of twenty-five new Near Zero (NZ) natural gas-powered collection vehicles and placing them into service throughout its fleet. The technologically advanced Near Zero engines produce almost zero emission of Nitrous Oxide (NOx), which is the primary generator of air pollution and EDCO’s will be some of the first collection vehicles to operate in the State of California.
The Dirt Cheap Value Portfolio - From Bad To Worse
SuperValu approves reverse stock split. Westport Fuel Systems dilutes shares with secondary offering. Coffee Holdings Company Inc. hits a new 52 week low. Luby'
Nobody should worry about dillution! Oppenheimer has one of the best reputations in investment banking! They don't do bad deals! I saw one source citing, WPRT has deals with 50 different manufacturers around the world! They had to have extra money to buy the raw materials, etc. to build their business!
Natural gas engine developer Cummins Westport Inc. told Trucks.com that its 8.9-liter “near-zero NOx” engine, previously scheduled for launch at the end of the year (started full production on 12/06/16), is finishing its field test phase and the company will start taking orders this month.
NOx is difficult to reduce, especially out of diesel emissions.
Just ask the emissions engineers at Volkswagen, which resorted to cheating to get NOx levels for it diesel-powered passenger vehicles low enough to meet U.S. regulations. The company, as a result, is facing plummeting sales and potentially billions of dollars in expenses, including federal and state fines, to bring the cars into compliance and make restitution.
It wasn’t gaps in technology that caused the VW emissions scandal, though. The company just didn’t want to deal with the extra extra cost of building diesel engines with sufficient emission filtration to do the job.
Natural gas is naturally lower in NOx than diesel, and the engineering team that developed the Cummins Westport engine used that as a starting point in its effort to remove even more of the stuff from the engine’s emissions stream.
Exactly how the engine achieves its ultra-low NOx emissions without expensive after-treatment such as the ammonia injection (selective catalytic reduction) systems used with diesel engines is proprietary information that Cummins Westport won’t disclose, Arthurs said.
But it involves limiting the amount of oxygen introduced into each cylinder to burn the fuel, reaching the ideal balance, called stoichiometric combustion, he said.
Arthurs said he expects that California initially will be the principal market for the new near-zero NOx engine as it has the nation’s most stringent emissions standards.
But 11 other states (Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington) have adopted other California emissions standards and would likely be early markets if they adopted an ultra-low NOx standard.
'Near-Zero NOx' Natural Gas Engine From Cummins Westport Is On The Way
Its emissions are equivalent to that of a bus or truck powered by electricity from a modern natural-gas-fueled power plant, the company says. Put another way, converting the 2,200 transit buses in L.A. to the new engine would result 'in the total NOx
Besides everyone having a electric outlet everyone also has a Nat gas outlet in there homes all you need is a home compresser unit to fill your car .... Just think aboot it