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alphaDIRECT Advisors thinks Westport Fuel Systems is “well-positioned” within its markets

alphaDIRECT noted Westport has a strong global presence and a leading market share both internationally and domestically via its CWI venture

Fuel barrels
The report followed an interview with David M. Johnson, chief executive officer of Westport Fuel Systems

alphaDIRECT Advisors has taken a look at Westport Fuel Systems Inc (TSX:WPRT) (NASDAQ:WPRT) and concluded that the firm is “well-positioned” within its markets.

In a report following an interview with David M. Johnson, chief executive officer of Westport Fuel Systems, alphaDIRECT’s founding partner Shawn Severson pointed out that Westport has a strong global presence and a leading market share both internationally and domestically through its CWI joint venture.

The alphaDIRECT partner noted: “The market and industry for natural gas and other gaseous fuel systems technologies are at a critical point as the world is starting to recognize the urgent need to decarbonize the transportation sector.

“As the market consists of almost 1.4 billion cars and trucks, the shift to decarbonization will take a significant amount of time, in our view.”

“However, we believe Westport is well-positioned with its broad portfolio of products that offers a comprehensive set of capabilities and the company possesses the unique ability to transform existing diesel and gasoline vehicles to run on natural gas or propane,” Severson concluded.

alphaDIRECT Advisors is an Investor Intelligence firm that creates and implements digital content and programs to help investors better understand a company’s key drivers including industry dynamics, technology, strategy, outlook and risks as well as the impact they could have on the stock price.

Quick facts: Westport Fuel systems Inc

Price: 2.64 USD

NASDAQ:WPRT
Market: NASDAQ
Market Cap: $352.87 m
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