Latest news with #WPRT
Associated Press
2 days ago
- Business
- Associated Press
Westport Files Preliminary Short Form Base Shelf Prospectus To Replace Expired Base Shelf Prospectus
VANCOUVER, British Columbia, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. ('Westport') (TSX: WPRT / Nasdaq: WPRT) announces it has filed a preliminary short form base shelf prospectus (once filed in final form and received by the relevant Canadian securities regulatory authorities, the 'Shelf Prospectus') with the securities commissions in each of the provinces and territories of Canada, to replace its prior base shelf prospectus that expired on June 18, 2025. The Shelf Prospectus, when made final, will allow Westport to offer up to USD$100,000,000 of common shares, preferred shares, subscription receipts, warrants, debt securities, or units, or any combination thereof (collectively, the 'Securities') during the 25-month period that the Shelf Prospectus will be effective. The Shelf Prospectus will enable Westport to access new capital or issue securities in connection with strategic acquisitions if and when needed. The amount and timing of any future offerings or issuances will be based on the Company's financial requirements and market conditions at that time. Westport has also filed a corresponding shelf registration statement relating to the Securities with the United States Securities and Exchange Commission ('SEC') on Form F-3 (the 'Registration Statement'). The specific terms of any future offering or issuance under the Shelf Prospectus and Registration Statement will be established at the time of such offering. There are currently no offerings or issuances planned under these filings. At the time any of the Securities covered by these filings are offered for sale, a prospectus supplement containing specific information about the terms of such offering will be filed with applicable Canadian securities regulatory authorities and the SEC. The Registration Statement has been filed with the SEC but has not yet become effective. The Securities may not be sold, nor may offers to buy be accepted, prior to the issuance of a receipt for the final Shelf Prospectus and the time the Registration Statement becomes effective. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction. A copy of the preliminary short form base shelf prospectus can be found on SEDAR+ at and a copy of the corresponding shelf registration statement is available on EDGAR at About Westport Fuel Systems Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions. Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals—without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality. Westport Fuel Systems is headquartered in Vancouver, Canada. For more information, visit Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking information within the meaning of applicable securities laws in Canada and forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, as amended (collectively referred to as, 'forward-looking statements') that are based on our management's beliefs and assumptions and on information currently available to our management. You can identify forward-looking statements by terms such as 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect', 'project' and similar expressions, as they relate to us or our management. The forward-looking statements contained in this press release include, but are not limited to, statements regarding the offer or issuance of securities. We refer potential investors to the 'Risk Factors' section of our annual information form dated March 31, 2025 available on SEDAR+ at and on EDGAR at as an exhibit to our report on Form 40-F dated March 31, 2025 under Westport's public filings for additional risks regarding the conduct of our business and Westport. The reader is cautioned to consider these and other risks and uncertainties carefully and not to put undue reliance on forward-looking statements. Forward-looking statements reflect current expectations regarding future events and speak only as of the date of this press release and represent our expectations as of that date. We undertake no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise, except as may be required by applicable law. Investor Inquiries: Investor Relations T: +1 604-718-2046 E: [email protected]
Yahoo
09-07-2025
- Automotive
- Yahoo
Strength Seen in Lear (LEA): Can Its 3.2% Jump Turn into More Strength?
Lear (LEA) shares soared 3.2% in the last trading session to close at $106. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.6% gain over the past four weeks. Lear shares surged, driven by new program wins and strong partnerships with Chinese domestic automakers. In April, the company took control of a China joint venture that supplies seats for two major BYD programs, expected to add around $70 million to its 2025 revenues. This automotive seating and electrical distribution systems company is expected to post quarterly earnings of $3.03 per share in its upcoming report, which represents a year-over-year change of -15.8%. Revenues are expected to be $5.62 billion, down 6.6% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Lear, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LEA going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Lear is a member of the Zacks Automotive - Original Equipment industry. One other stock in the same industry, Westport Innovations (WPRT), finished the last trading session 1.3% higher at $3.22. WPRT has returned 10.6% over the past month. For Westport, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.29. This represents a change of +32.6% from what the company reported a year ago. Westport currently has a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lear Corporation (LEA) : Free Stock Analysis Report Westport Fuel Systems Inc. (WPRT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Westport: Q1 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Westport Innovations Inc. (WPRT) on Tuesday reported a loss of $2.5 million in its first quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 14 cents. The maker of natural-gas engine technology posted revenue of $71 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $72 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WPRT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
13-05-2025
- Business
- Washington Post
Westport: Q1 Earnings Snapshot
VANCOUVER, British Columbia — VANCOUVER, British Columbia — Westport Innovations Inc. (WPRT) on Tuesday reported a loss of $2.5 million in its first quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 14 cents. The maker of natural-gas engine technology posted revenue of $71 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $72 million.
San Francisco Chronicle
13-05-2025
- Business
- San Francisco Chronicle
Westport: Q1 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Westport Innovations Inc. (WPRT) on Tuesday reported a loss of $2.5 million in its first quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 14 cents. The maker of natural-gas engine technology posted revenue of $71 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $72 million. _____
