Best International Stocks To Invest In 2015: Westport Innovations Inc(WPRT)
Westport Innovations Inc., together with its subsidiaries, engages in the provision of low-emission engine and fuel system technologies that enable light, medium, heavy-duty, and high-horsepower petroleum-based fuel engines to use natural gas and alternative fuels. The company designs, produces, and sells alternative fuel engines, systems, and components for automotive and industrial markets. It also designs, engineers, and produces natural gas engines for the urban buses, refuse collection trucks, and conventional trucks and tractors, as well as for specialty vehicles. In addition, the company offers 15 litre natural gas engines for the heavy-duty trucking market, as well as is involved in the engineering, design, and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market. Westport Innovations Inc. was founded in 1995 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Sean Williams]
Could Cummins run out of gas?
The downside to Cummins' business is that many of the factors that can affect its demand are well beyond its control. Low natural gas prices, for instance, help push trucking companies and government agencies to switch their existing gasoline and diesel engine fleets over to cleaner burning natural gas engines. In fact, the joint venture between Cummins and Westport Innovations (NASDAQ: WPRT ) is built upon getting heavy-duty fleets to make this change. However, with natural gas prices having doubled over the past year from $2/mbtu to more than $4/mbtu, it threatens to close the price gap advantage that natural gas held over traditional fuels and could slow demand for this joint venture. - [By Rich Smith]
Vancouver, Canada-based Westport Innovations (NASDAQ: WPRT ) has a new COO.
On Friday, Westport announced that member of its board of directors Nancy Gougarty! has resigned her seat to join the company's employment as President and Chief Operating Officer. A former executive at TRW Automotive, General Motors, and Delphi, Gougarty had served on Westport's board since February of this year.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-international-stocks-to-invest-in-2015-2.html
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