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Westport Fuel Systems Inc (WPRT)


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Upturn Advisory Summary
10/15/2025: WPRT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $6.5
1 Year Target Price $6.5
2 | Strong Buy |
2 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -56.07% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 36.44M USD | Price to earnings Ratio - | 1Y Target Price 6.5 |
Price to earnings Ratio - | 1Y Target Price 6.5 | ||
Volume (30-day avg) 5 | Beta 3.25 | 52 Weeks Range 2.04 - 4.81 | Updated Date 10/17/2025 |
52 Weeks Range 2.04 - 4.81 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.18 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -17.31% | Operating Margin (TTM) -41.88% |
Management Effectiveness
Return on Assets (TTM) -0.93% | Return on Equity (TTM) -15.6% |
Valuation
Trailing PE - | Forward PE 144.93 | Enterprise Value 42003609 | Price to Sales(TTM) 0.12 |
Enterprise Value 42003609 | Price to Sales(TTM) 0.12 | ||
Enterprise Value to Revenue 0.14 | Enterprise Value to EBITDA 37.71 | Shares Outstanding 17351005 | Shares Floating 14274325 |
Shares Outstanding 17351005 | Shares Floating 14274325 | ||
Percent Insiders 11 | Percent Institutions 13.8 |
Upturn AI SWOT
Westport Fuel Systems Inc

Company Overview
History and Background
Westport Fuel Systems Inc. was formed in 2016 through the merger of Westport Innovations Inc. and Fuel Systems Solutions, Inc. Westport Innovations was founded in 1995. The company focuses on engineering and manufacturing alternative fuel systems and components.
Core Business Areas
- Original Equipment Manufacturer (OEM): Designs, manufactures, and sells alternative fuel systems and components for light-, medium-, and heavy-duty vehicles, partnering with OEMs like Cummins and Weichai.
- Independent Aftermarket (IAM): Provides alternative fuel systems and components for aftermarket conversions and applications.
- Electronics: Develops and manufactures electronic control units (ECUs) and other electronic components for alternative fuel systems.
Leadership and Structure
David Johnson serves as the Chief Executive Officer. The company operates with a functional organizational structure, comprised of engineering, manufacturing, sales, and other supporting departments.
Top Products and Market Share
Key Offerings
- HPDI 2.0: High-Pressure Direct Injection (HPDI) 2.0 fuel system for heavy-duty trucks using natural gas. Targetting a 25% improvement over the previous HPDI system. Market share is still developing. Competitors include Cummins (diesel alternatives) and various battery electric vehicle manufacturers.
- LPG and CNG Systems: Systems for converting gasoline or diesel vehicles to run on LPG (propane) or CNG (compressed natural gas). Fragmented aftermarket with many local installers; difficult to assess precise market share. Competitors include Impco Automotive, Prins Autogassystemen.
- Components: Various components for alternative fuel systems, including injectors, regulators, and fuel tanks. The market share is highly fragmented. Competitors include Bosch, Keihin, Continental.
Market Dynamics
Industry Overview
The alternative fuel systems market is driven by increasing environmental concerns, stricter emission regulations, and the desire for lower fuel costs. It is impacted by government incentives and the availability of alternative fuel infrastructure.
Positioning
Westport Fuel Systems Inc. positions itself as a technology leader in alternative fuel systems, particularly for heavy-duty applications. Its competitive advantages include its HPDI technology and partnerships with major OEMs.
Total Addressable Market (TAM)
The global alternative fuel vehicles market is projected to reach hundreds of billions of dollars within the next decade. Westport is positioned to capture part of this by providing its technology to partners.
Upturn SWOT Analysis
Strengths
- Strong technological expertise in alternative fuel systems
- Partnerships with major OEMs
- Proprietary HPDI technology
- Global presence and distribution network
Weaknesses
- Dependence on government incentives and regulations
- Exposure to commodity price fluctuations (natural gas, LPG)
- History of inconsistent profitability
- Relatively small market capitalization compared to competitors
Opportunities
- Increasing adoption of alternative fuels in emerging markets
- Growing demand for low-emission heavy-duty vehicles
- Expansion into new alternative fuel technologies (e.g., hydrogen)
- Potential for increased government support for alternative fuels
Threats
- Competition from established automotive suppliers
- Rapid technological advancements in battery electric vehicles
- Economic downturns impacting vehicle sales
- Changes in government regulations and incentives
Competitors and Market Share
Key Competitors
- CUMMINS INC (CMI)
- BOSCH (Private)
- IMPCO (Private)
Competitive Landscape
Westport Fuel Systems Inc. faces competition from established automotive suppliers and emerging technology companies. Its competitive advantages include its proprietary HPDI technology and partnerships with major OEMs. Disadvantages are smaller market capitalization, dependence on government incentives and economic down turns.
Major Acquisitions
Emergent Technologies Inc
- Year: 2009
- Acquisition Price (USD millions): 17
- Strategic Rationale: Expanded product portfolio and technology capabilities in hydrogen fuel systems.
Growth Trajectory and Initiatives
Historical Growth: Historical Growth data unavailable without live data feed.
Future Projections: Future Projections data unavailable without live data feed. Analysts expect growth to be driven by increased adoption of alternative fuels and continued expansion into new markets.
Recent Initiatives: Recent strategic initiatives include partnerships with OEMs to develop and commercialize alternative fuel vehicles and expansion into new markets.
Summary
Westport Fuel Systems Inc. is a technology-driven company focused on alternative fuel systems, benefiting from partnerships and proprietary technologies. However, its smaller size and reliance on incentives create vulnerabilities. Growth depends on market adoption of its technologies and managing competition. Careful monitoring of government policies is important for their strategic planning and execution. They need to expand and diversify their partnerships to reduce their reliance on incentives.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Analyst reports
- Industry publications
- SEC filings
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data is unavailable without a live data feed.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Westport Fuel Systems Inc
Exchange NASDAQ | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 1995-08-22 | CEO & Director Mr. Daniel Sceli | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 1509 | Website https://wfsinc.com |
Full time employees 1509 | Website https://wfsinc.com |
Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through four segments: Cespira, Light-Duty, High-Pressure Controls and Systems, and Heavy-Duty OEM. It offers alternative fuel, such as hydrogen (H2), liquefied natural gas (LNG), biogas, biomethane, renewable natural gas (RNG), compressed natural gas (CNG), and liquefied petroleum gas (LPG); and pressure regulators, injectors, electronic control units, valves and filters, complete bi-fuel, mono-fuel and dual-fuel LPG and natural gas conversion kits, and high-pressure hydrogen components. The company also provides LNG HPDI fuel system products to engine manufacturers and commercial vehicle original equipment manufacturers. In addition, it offers direct injection engine technology and fuel storage solutions to original equipment manufacturers, delayed original equipment manufacturers, and independent aftermarkets. It provides its products under the BRC, Prins, Zavoli, OMVL, TA Gas Technology, Vialle, Valtek, Cespira, STAKO, AFS, Emer, and GFI 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.

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