Westport Fuel Systems Inc. engineers, manufactures, and supplies alternative fuel systems and components for use in transportation applications worldwide. It operates through Original Equipment Manufacturer, Independent Aftermarket, and Cummins Westport Inc. (CWI) Joint Venture segments. The company offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities. It also provides Westport High Pressure Direct Injection 2.0, a fully integrated system that powers compression ignition engines by natural gas, which reduces greenhouse gas emissions. In addition, the company develops, sells, and markets spark-ignited natural gas or propane engines; and CWI engines for transit, school and shuttle buses, conventional trucks and tractors, refuse collection trucks, and specialty vehicles, such as short-haul port drayage trucks and street sweepers. Its products and services are used for passenger cars; light-, medium-, and heavy-duty trucks; and horsepower, cryogenics, and hydrogen applications. Westport Fuel Systems Inc. markets its products primarily under the Cummins Westport, BRC Gas Equipment, Westport, OMVL, Prins, GFi Control systems, Emer, Zavoli, TA Gas Technology, Valtek, and AFS brands. The company was formerly known as Westport Innovations Inc. and changed its name to Westport Fuel Systems Inc. in June 2016. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada.
IPO Year: 2008
Exchange: NASDAQ
Website: wfsinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2022 | $2.50 | Sector Perform | RBC Capital Mkts |
| 2/8/2022 | $16.00 → $12.00 | Buy | HC Wainwright & Co. |
| 9/9/2021 | $5.00 | Neutral | JP Morgan |
F-1 - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
424B5 - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
SD - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
6-K - WESTPORT FUEL SYSTEMS INC. (0001370416) (Filer)
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RBC Capital Mkts initiated coverage of Westport Fuel Systems with a rating of Sector Perform and set a new price target of $2.50
HC Wainwright & Co. reiterated coverage of Westport Fuel Systems with a rating of Buy and set a new price target of $12.00 from $16.00 previously
JP Morgan initiated coverage of Westport Fuel Systems with a rating of Neutral and set a new price target of $5.00
HC Wainwright & Co. reiterated coverage of Westport Fuel Systems with a rating of Buy and set a new price target of $16.00 from $5.00 previously
Lake Street Capital reiterated coverage of Westport Fuel Systems with a rating of Buy and set a new price target of $13.00 from $4.00 previously
VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), today held its Annual General and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of Deloitte LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the name change resolution. A summary of the results are as follows: ResolutionOutcomeof VotePercentage ofVotes ForPercentage ofVotesWithheld/Against Election of Directors Michele B
VANCOUVER, British Columbia, June 23, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), today announced that it has closed the previously announced sale of 1,600,000 common shares and 3,254,369 pre-funded warrants in a registered direct offering, and warrants to purchase up to 4,854,369 common shares in a concurrent private placement, priced at-the-market under Nasdaq rules. The combined effective purchase price for each common share or pre-funded warrant and associated private placement warrant is US$2.06. The private placement warrants have an exercise price of US$2.06 per common share, are immediately exercisable and will expire t
VANCOUVER, British Columbia, June 22, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), today announced that it has entered into a definitive securities purchase agreement for the purchase and sale of 4,854,369 common shares (or pre-funded warrants in lieu thereof) in a registered direct offering and, in a concurrent private placement, warrants to purchase up to 4,854,369 common shares, priced at-the-market under Nasdaq rules. The combined effective purchase price for each common share (or pre-funded warrant in lieu thereof) and associated private placement warrant is US$2.06. The private placement warrants have an exercise price of US$2.06 per commo
VANCOUVER, British Columbia, June 18, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) announces that Cespira, its joint venture with Volvo Group, and Volvo Group have signed a development agreement to finalize the integration and commercialization of Cespira's HPDI™ fuel system technology to enable Volvo Group's 13-litre engine to run on hydrogen. Volvo trucks are currently in on-road testing as announced by Volvo Trucks on April 1st. The European certified commercial launch is targeted to happen before 2030. Building on the proven HPDI fuel system technology in LNG-powered heavy-duty engines, this agreement governs the final development and commer
VANCOUVER, British Columbia, May 27, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or the "Company") announces that the Company will host its 2026 Annual General and Special Meeting (the "Meeting") virtually on June 30, 2026, at 10:00 a.m. PT (1:00 p.m. ET). To streamline the virtual meeting process, Westport encourages shareholders to vote in advance of the Meeting using the voting instruction form or the form of proxy which has been shared with shareholders with the Meeting materials. Further instructions on voting and accessing the meeting are contained in the Management Information Circular under "Section 1: Voting" – upon receipt, please revi
~Strong demand for the LNG HPDI trucks drives significant Q1 revenue growth for Cespira; Showcasing the high-pressure CNG storage solution at ACT Expo a defining step towards the North American market ~ VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) today reported financial results for the first quarter ended March 31, 2026, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We are seeing continued momentum in our Cespira joint venture with Volvo Group reflected in a 33% increase in revenue compared to the same quarter in 2025. This performance, includes incremental
VANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), announces that the Company will release Q1 2026 financial results on Thursday, May 14, 2026, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Friday, May 15, 2026. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI3e720c77c229442a996fb016347da48eWebcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, th
Westport's next‑generation compressed natural gas fuel storage system, combined with Cespira's on-engine HPDI™ fuel system, marks a major step toward commercializing heavy-duty trucks with diesel performance and efficiency using widely available compressed natural gas VANCOUVER, British Columbia, April 30, 2026 (GLOBE NEWSWIRE) -- Westport (TSX:WPRT, NASDAQ:WPRT), a global leader in advanced alternative fuel systems for the transportation industry, today announced the first North American demonstration of its compressed natural gas (CNG) fuel storage system combined with the on-engine HPDI™ fuel system of Cespira, Westport's joint venture with Volvo Group, at ACT Expo 2026, taking place
VANCOUVER, British Columbia, April 23, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We appreciate the patience and support of our shareholders as we worked through our recent cybersecurity incident. Our priority was to ensure the integrity of our IT systems, business continuity and financial reporting, and we are pleased to confirm that this review has been successfully completed. With this behind us, we are looking forward to executing on our strategy and delive
VANCOUVER, British Columbia, April 20, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release 2025 financial results on Thursday, April 23, 2026, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Friday, April 24, 2026. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BIefca98da5fb34b16a81dd15541e90b0cWebcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Up
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~Strong demand for the LNG HPDI trucks drives significant Q1 revenue growth for Cespira; Showcasing the high-pressure CNG storage solution at ACT Expo a defining step towards the North American market ~ VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) today reported financial results for the first quarter ended March 31, 2026, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We are seeing continued momentum in our Cespira joint venture with Volvo Group reflected in a 33% increase in revenue compared to the same quarter in 2025. This performance, includes incremental
VANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), announces that the Company will release Q1 2026 financial results on Thursday, May 14, 2026, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Friday, May 15, 2026. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI3e720c77c229442a996fb016347da48eWebcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, th
VANCOUVER, British Columbia, April 23, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We appreciate the patience and support of our shareholders as we worked through our recent cybersecurity incident. Our priority was to ensure the integrity of our IT systems, business continuity and financial reporting, and we are pleased to confirm that this review has been successfully completed. With this behind us, we are looking forward to executing on our strategy and delive
VANCOUVER, British Columbia, April 20, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release 2025 financial results on Thursday, April 23, 2026, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Friday, April 24, 2026. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BIefca98da5fb34b16a81dd15541e90b0cWebcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Up
VANCOUVER, British Columbia, March 12, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release 2025 financial results on Thursday, March 26, 2026, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Friday, March 27, 2026. Time: 9:00 a.m. ET (6:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BIe85f76e1734944a1a55b770ad7d41fe1Webcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form.
~Company strengthens financial position with improved margins, enhanced liquidity, and continued progress on transformation initiatives~ VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), a supplier of alternative fuel systems and components for the global transportation industry, reported its financial results for the third quarter ended September 30, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "Our third quarter 2025 results reflect the continued execution of the transformation we began earlier this year, anchored by our commitment to sharpen Westport's
VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release Q3 2025 financial results on Monday, November 10, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, November 11, 2025. Time: 9:00 a.m. ET (6:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI44c6d66e9dc84dd387df0e1ce164a19aWebcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registratio
VANCOUVER, British Columbia, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), a supplier of alternative fuel systems and components for the global transportation industry, reported financial results for the second quarter ended June 30, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We made significant progress in advancing our strategic transformation this quarter, culminating in the recent successful divestiture of our Light-Duty Segment on July 29, 2025. This transaction strengthens our balance sheet and sharpens our strategic focus on high-impact opportunities in commercial transpo
VANCOUVER, British Columbia, June 26, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (TSX:WPRT, NASDAQ:WPRT) ("Westport" or "The Company") announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025. Time: 10:00 a.m. ET (7:00 a.m. PT)Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3Webcast: https://investors.westport.com Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form.
VANCOUVER, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT) reported financial results for the first quarter ended March 31, 2025, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. "We continue to make significant strides in transforming Westport and sharpening our strategic focus. Our priorities remain clear: driving success through Cespira, our HPDI joint venture with Volvo Group; pursuing operational excellence through initiatives to streamline processes and reduce costs; and positioning Westport at the forefront of the alternative fuel shift. These priorities are guiding
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VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), today held its Annual General and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of Deloitte LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the name change resolution. A summary of the results are as follows: ResolutionOutcomeof VotePercentage ofVotes ForPercentage ofVotesWithheld/Against Election of Directors Michele B
VANCOUVER, British Columbia, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT) today announced the resignation of its Chief Financial Officer (CFO), William Larkin and the appointment of Elizabeth Owens as his successor. Mr. Larkin will step down in his capacity as CFO effective immediately and remain in an advisory capacity through September 15, 2025, to ensure a smooth transition and the seamless transfer of duties and responsibilities. "On behalf of myself and the Board, I would like to thank Bill for his commitment and significant contributions to Westport," said Dan Sceli, Chief Executive Officer of Westport. "Over his
VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT, NASDAQ:WPRT), today held its Annual General and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025. A summary of the results are as follows: ResolutionO
VANCOUVER, British Columbia, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), is pleased to announce that Cespira, the Company's High Pressure Direct Injection (HPDI) joint venture with Volvo Group, has appointed Carlos Gonzalez as President and CEO, effective April 1, 2025. Carlos succeeds Dan Sceli, CEO of Westport, who held the position on an interim basis since the closing of the joint venture transaction in June 2024 and will continue to sit on Cespira's board. "The Westport team is pleased to welcome Carlos as the new President and CEO of Cespira," said Dan Sceli, Chief Executive Officer of Westport Fuel Systems. "His exceptional lea
VANCOUVER, British Columbia, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport") (TSX:WPRT, NASDAQ:WPRT), announces that Brenda Eprile has retired from Westport's Board of Directors (the "Board"), effective January 6, 2025. The Board is currently evaluating alternatives with respect to the appointment of an independent director to fill the vacancy. "On behalf of the entire Board of Directors, I would like to express our deepest gratitude to Brenda for her exceptional leadership and unwavering dedication throughout her 11 year tenure," said Dan Hancock, Westport Fuel Systems Board Chair. "Brenda has been an invaluable part of our team, and we wish her well in her next
VANCOUVER, BC, June 13, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT) (NASDAQ:WPRT) today held its Annual General Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, and an advisory Say-on-Pay vote. A summary of the results are as follows: Business Outcome of Vote Percentage of Votes For Percentage of Votes Withheld/Against Number of Directors Approved 87.84 %
Tony Guglielmin to step down as Interim CEO andremain on Westport's Board of Directors VANCOUVER, BC, Jan. 16, 2024 /PRNewswire/ - Westport Fuel Systems Inc. ("Westport" of the "Company") (TSX:WPRT) (NASDAQ:WPRT) a leading supplier of advanced alternative fuel systems and components for the global transportation industry, today announced Dan Sceli as the Company's new Chief Executive Officer ("CEO") and a member of the Westport Board of Directors. Dan will join Westport as incoming CEO effective immediately, assuming the role from Tony Guglielmin who has supported Westport's leadership team as Interim CEO through this transition period.
VANCOUVER, BC, Aug. 21, 2023 /PRNewswire/ - Westport Fuel Systems Inc. (TSX:WPRT) (NASDAQ:WPRT), a leading supplier of advanced alternative fuel systems and components for the global transportation industry, announced today that David Johnson, Chief Executive Officer has decided to step down as chief executive officer and will resign from the Board, effective immediately. Tony Guglielmin, who serves on the Westport Board and as Chair of the Audit Committee, will act as interim CEO until such time that a replacement is identified. Bill Larkin, our chief financial officer and Lance Follett, our chief legal officer will both be taking on expanded roles during the transition period.
VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, today announced the appointment of Fabien G. Redon as the company's chief technology officer (CTO) and executive vice president of product development. In this role, Redon will report directly to David M. Johnson, the company's chief executive officer. As chief technology officer and executive vice president, Redon will be responsible for developing and delivering clean alternative fuel systems products from concept to customers in the global transportation and off
VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ("WFS" or the "Company") (TSX:WPRT, NASDAQ:WPRT) today held its Annual and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors, the appointment of KPMG LLP as the Company's auditors, an advisory Say-on-Pay vote and approval for board discretion to initiate a share consolidation. A summary of the results are as follows: BusinessOutcomeof VotePercentage of Votes ForPercentage of VotesWithheld/AgainstElection of Directors Anthony GuglielminApproved90.89%9.11%Brenda EprileA
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