Westport Fuel Systems Inc. (WPRT) has spiked 16.57% at $2.04 in pre-market trading hours on the last check Friday. Westport Fuel Systems (WPRT) stock lost -6.91% to complete the last trading session at $1.75. The price range of WPRT shares was between $1.74 and $1.94. WPRT traded 1.58 million shares, which was below its daily average of 1.84 million shares over 100 days.
Westport Fuel Systems (WPRT) shares have dropped by -6.42% in the last five days, while they have lost -24.57% in the last month. WPRT is currently trading at a price to earnings ratio of 16.67 and a price to book ratio of 1.02.WPRT stock is surging after joining an international platform.
What platform is WPRT a part of?
Westport Fuel Systems (WPRT) is leading the charge for a greener future. WPRT is a prominent supplier of sophisticated fuel delivery components and systems to the worldwide automobile industry for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen.
Technology from Westport Fuel Systems (WPRT) provides the performance and fuel economy required by transportation applications, as well as environmental benefits that address climate change and urban air quality issues. WPRT is headquartered in Vancouver, Canada, and has operations in Europe, Asia, North America, and South America. Its top global transportation brands service consumers in more than 70 countries.
Westport Fuel Systems (WPRT) announced today that it has become a supporting member of the globally renowned Hydrogen Council. The Hydrogen Council is a worldwide CEO advisory council that provides a long-term vision for hydrogen technology’ crucial role in an energy transition for greener transportation solutions.
The Hydrogen Council’s mission is to:
- Raise awareness of the existing hydrogen solutions available and the work that has been done in this area.
- Advocate for the critical role of hydrogen technology in achieving climate, energy security, and competitive goals, as well as improved deployment circumstances.
- To achieve its objectives, it will collaborate with and provide suggestions to a number of key stakeholders, including politicians, the business community, international organizations, and civil society.
- CEOs from Airbus, Bosch, BMW GROUP, Daimler, ENGIE, Honda, Hyundai, Iveco Group, Kawasaki, Mitsubishi, Shell, The Linde Group, Toyota, and Weichai are among the members of the Hydrogen Council.
What will WPRT’s role be in collaborating with the council?
The Hydrogen Council’s mission is to improve worldwide collaboration and industry collaboration in order to scale up hydrogen solutions for greener transportation. Green hydrogen in internal combustion engines and fuel cell cars will be critical in decarbonizing transportation, according to Westport Fuel Systems (WPRT). WPRT has committed to collaborating with the Hydrogen Council to develop hydrogen’s position in the clean energy transition as a worldwide leader in gaseous fuel options.
