Cummins Westport announced today that it has received certification for its Cummins Westport ISX12 G engine from the U.S. Environmental Protection Agency (EPA), meeting both the EPA 2013 regulations and the new greenhouse gas and fuel-efficiency rules that will take effect in 2014. The company has already purchased over 700 natural gas trucks. $WPRT made massive moves on Friday and is up 235% in just a year. "Amazon is excited about introducing new sustainable solutions for freight transportation and is working on testing a number of new vehicle types including electric, CNG and others," the company said in a statement. In Nevada, drivers can be arrested for unpaid tickets. Westport Fuel Systems (NASDAQ:WPRT) stock is soaring higher on Monday after announcing a deal with Amazon (NASDAQ:AMZN). The analyst raised his price target on Westport from $12 to $24. According to the last reported balance sheet, Westport Fuel Systems had liabilities of US$118.5m due within 12 months, and liabilities of US$66.5m due beyond 12 months. Read more to find out. Veuer’s Sean Dowling has more. All rights reserved. CEO David Johnson discusses with BNN Bloomberg the drivers behind the stock performance. And we do that every day. WPRT is supply natural gas engines to AMZN. At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. WPRT is led by CEO and Board member David Johnson. Is Westpoint Fule Systems a Buy? Vancouver, BC, February 12, 2021--Shares of Westport Fuel Systems soared nearly 35% this week and to a five-year high on Monday after the company agreed to supply natural-gas truck engines to Amazon's shipping fleet. Copyright © 2021 InvestorPlace Media, LLC. Westport Fuel Systems shares traded at $12.25 at 12:34.PM E.T. Amazon.com: Modeno Westport Outdoor Gas Firepit Table 34 Inches Fire Pit Patio Heater Concrete Outside Electronic Ignition Backyard Fireplace Cover Lava Rock Included Natural Gas: Garden & Outdoor Amazon.com: Modeno Westport Outdoor Fire Pit Propane Table 34 Inches Square Firepit Table Concrete High Floor Patio Heater Electronic Ignition Backyard Fireplace Cover … The engines will be supplied by a 50-50 joint venture between Westport and Cummins named Cummins Westport. 'Afraid of dying in here': How inmates fought for COVID vaccinations, protections after jails and prisons failed to protect them, Entire silver industry is wiped out: Online precious metals dealer. 1125 N. Charles St, Baltimore, MD 21201. These engines will be used in the e-commerce company’s delivery fleet. Westport Fuel Systems (NASDAQ: WPRT) stock is up more than 40% in pre-open Friday after Reuters reported on Friday that the e-commerce giant Amazon (NASDAQ: AMZN) … A Look At Westport Fuel Systems's Liabilities . on Monday. These engines will be used in the e-commerce company’s delivery fleet. Westport Fuel Systems has agreed to supply critical HPDI 2.0 components to WWI, each of which is required for every engine equipped with HPDI and sold by WWI. Sign up here for our daily newsletter, 10 Things Before the Opening Bell, GameStop's Reddit-drive surge exposed shocking market vulnerabilities - but overall stock gains will be unimpeded as profit growth surges, Goldman Sachs says. This fleet is made up of trucks that transport goods between its warehouses and distribution centers. Connect with friends faster than ever with the new Facebook app. An unnamed source also told Reuters that the Cummins-Westport JV has ordered more than 1,000 engines in total. Dogecoin Price Predictions: Why Mark Cuban Thinks DOGE Will Hit $1 — And Stay There. Amazon told Reuters that it … Westport Fuel Systems surges after the company reached a deal to supply natural-gas truck engines to Amazon’s U.S. truck delivery fleet.. The stock jumped 42% after-market after the news … Westport Fuel Systems Shares Spike 35% After Amazon Orders More Than 1,000 of the Company's Natural-Gas Engines for Its Growing Truck Fleet. That’s a hefty jump from its daily average trading volume of 3.9 million shares. Amazon told Reuters that it has ordered more than 700 trucks so far. Source: Jonathan Weiss / Shutterstock.com, WPRT Stock: 14 Things to Know About Westport Fuel Systems as Amazon Deal Ignites Shares, An In-Depth Look at the SafeMoon Saga and the Ongoing Crypto Chaos >>> READ MORE, 7 Strong Oil Stocks to Buy on Increasing Demand, Louis Navellier and the InvestorPlace Research Staff. Westport Fuel Systems WPRT recently announced that it will commence a research project with Scania to apply its high-pressure direct injection (HPDI) 2.0 fuel system using hydrogen. Why BYND Stock Is Still a Buy. Shares of Westport Fuel Systems soared nearly 50% to a five-year high on Monday after the company agreed to supply natural-gas truck engines to Amazon's shipping fleet. Ford just unveiled its 2021 tech-savvy pickup — here's what's new, Amazon looking to get into the self-driving car business buys startup for $1B, Economic outlook as more Americans file for unemployment, 5 items you can sell for additional income, 5 practical reasons to put purchases on credit, Disney World workers petition to delay reopening of theme park, 500 Delta staff have tested positive for COVID-19 and 10 have died. Video: Entire silver industry is wiped out: Online precious metals dealer (CNBC), How you can save $1 million for retirement, How much the most populous states pay mail carriers, Creepy ways your company can spy on you while you work from home, Major companies suspend social media advertising over online hate speech, This bookshop survived earthquakes and recessions. Market Chatter: Westport Fuels Up Near 50% In US After Hours As Amazon Orders More Than 1,000 Natgas Engines For U.S. Truck Fleet Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Copyright © Its base of operations is located in Vancouver, Canada. Offsetting these obligations, it had cash of US$28.3m as well as receivables valued at US$61.9m due within 12 months. Craig-Hallum analyst Eric Stine called the agreement "arguably one of the most significant events for natural gas for transportation in many years." In October last year, Amazon revealed its first planned custom electric-delivery vehicles made by startup Rivian, which could possibly hit the road delivering packages in 2021. Microsoft and partners may be compensated if you purchase something through recommended links in this article. The engines will run on … Low-emissions engine technology maker Westport Fuel Systems stock has surged nearly 60 per cent this year in spite of the COVID-19 pandemic. Amazon has ordered more than 1,000 engines to be supplied by a joint venture between Westport and Cummins , according to Reuters. They can operate on both renewable and non-renewable natural gas, according to two sources familiar with the matter. Companies such as Westport Fuel Systems (WPRT) and Clean Energy Fuels (CLNE) have been big beneficiaries. Nasdaq The company was founded in 1995 and joined the public market in 2008. Welcome to Westport Fuel Systems. Amazon.com Inc has ordered more than 1,000 truck engines that run on compressed natural gas as it tests ways to shift its U.S. fleet away from heavier polluting trucks, the … Westport Fuel Systems is a designer and manufacturer of natural gas engine parts. We are inventors, engineers, manufacturers and suppliers of advanced clean fuel systems and components that can change the way the world moves. Amazon, which has been exploring new ways to reduce carbon emissions, recently said it aims to have 50% of all its shipments achieve net-zero emissions by 2030, aiming to apply that goal to the entire company by 2040. Westport Fuel Systems is going to supply Amazon with natural gas engines. The deal comes as Amazon progresses toward its goal of net-zero carbon emissions by 2040. How you can save a million bucks for retirement. Summary & Conclusions Westport Bi-Fuel Volvo Cars. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/wprt-stock-14-things-to-know-about-westport-fuel-systems-as-amazon-deal-ignites-shares/. 3 Big Stories to Watch. Westport Fuel Systems Inc., a company that specializes in alternative fuel, low-emissions transportation technologies, has released a joint publication with AVL, an independent company that specializes in the development, simulation and testing of powertrain systems, entitled “Total Cost of Ownership (TCO) Analysis for Heavy-Duty Hydrogen Fueled Powertrains.” 2021 InvestorPlace Media, LLC. Westport WiNG Power System. All rights reserved. The electric vehicle maker, backed by Amazon, just announced another major funding round in January 2021, cementing its spot as one of Tesla's formidable challengers. quotes delayed at least 15 minutes, all others at least 20 minutes. Note Amazon has ordered 100,000 Rivian EV Vans. The trucks will be supplied by a joint venture between Vancouver, Canada-based Westport and Columbus, Indiana-based Cummins Inc., a power technology company. H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Westport Fuel Systems (NASDAQ: WPRT) on Wednesday, setting a price target of $16, which is … Cardano (ADA) Price Predictions: Where Will ADA Go Next After Hitting All-Time High? The SafeMoon Saga Means More Crypto Chaos, 7 Safe Stocks You Can Leave to Your Children, 7 Stocks to Buy Right Now With All Eyes on Crypto. Read more: GameStop's Reddit-drive surge exposed shocking market vulnerabilities - but overall stock gains will be unimpeded as profit growth surges, Goldman Sachs says. Johnson has a 25-year history in the field of engine development, which includes previously working for. What Will the Stock Market Do Today? It’s worth noting that Amazon is looking to invest in electric and natural gas alternatives to reach this goal. Show full articles without "Continue Reading" button for {0} hours. Westport Fuel Systems Shares Spike 35% After Amazon Orders More Than 1,000 of the Company's Natural-Gas Engines for Its Growing Truck Fleet: Feb 9, 2021: Westport Fuel Systems to Cooperate with Truck and Bus Manufacturer Scania on a Direct Injected Hydrogen Engine Research Project: Nov 20, 2020 Activists are fighting that. But not this, Jim Cramer on Chesapeake Energy filing for bankruptcy. Shares of Westport Fuel Systems soared as high as 50% on Monday after the company agreed to supply natural-gas truck engines to Amazon. Westport iCE PACK LNG Tank System. WPRT stock is seeing heavy trading today with some 14 million shares having changed hands. Americans rely on mail carriers to send and receive their mail. WPRT stock was up 45.1% as of Monday morning. 1125 N. Charles St, Baltimore, MD 21201. $WPRT Westport Fuel Systems Stock Surges After Amazon Order February 7, 2021 WPRT stock surged more than 41% in after-hours trading on February 5, 2021, after news hit that Amazon (AMZN) ordered over 1,000 truck engines that run on compressed natural gas. Just because you’re working from home doesn’t mean your boss can’t keep tabs on your every move. Like us on Facebook to see similar stories. Westport's relatively high 6.25% and 6.5% debt could prove troublesome considering the recent anemic revenue. Stine told The Fly that "this order will be solidly additive" to Westport's EBITDA. Beyond Meat’s Earnings Sucked. Here’s everything potential investors in WRPT stock need to know about the deal and the company. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Do these stocks have more upside potential? Westport 15L Engine. Have you ever wondered how much these essential workers make? The engines, supplied by a joint venture between Cummins Inc. and Westport Fuel Systems Inc., are to be used for Amazon’s heavy duty trucks that run from warehouses to distribution centres. 2 months Westport Fuel Systems Takes Off on Amazon Truck-Engine Deal TheStreet . Should you save for retirement or pay down debt? Amazon has ordered more than 700 compressed natural gas class 6 and class 8 trucks so far, according to the company. The e-commerce giant has ordered over 1,000 engines from Westport as a part of a multi-year rollout, boosting Amazon's growing truck fleet. What Happened: A joint venture between Cummins Inc. (NYSE:CMI) and Westport Fuel Systems Inc (NASDAQ:WPRT) will supply the engines. Westport Fuel Systems Inc.(Nasdaq:WPRT): The clean energy industry has seen renewed optimism with President Biden's administration. Our Solutions. 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