Westport Innovation Inc. (USA) (NASDAQ:WPRT) increases natural gas adoption rate to its benefits


Boston, MA, 06/28/2013 (financialstrend) – The share prices of Westport Innovation Inc. (USA) (NASDAQ:WPRT) is trading in the price range of $32.55 and $34.44 per share. The share price of the company is down by 0.60% and currently trading at $33.24. The share price of Westport Innovation Inc. (USA) (NASDAQ:WPRT) does not make any difference in the 52 week high value $40.40 and 52 week low value $23.01.

Westport Innovation Inc. (USA) (NASDAQ:WPRT) is a provider of fuel system technologies and engines which utilizes the gaseous fuels. The Company’s products and technology enable light of less than 5.9 liter, medium of 5.9 to 8.9 liter, heavy-duty of 11 to 16 liter and high-horsepower that is greater than 16 liter on petroleum based fuel engines to use natural gas.

Westport Innovation Inc. (USA) (NASDAQ:WPRT) presents an extremely bright future. This company is having a serious interest in the natural gas industry and is one of the leading players. The only engine technology provider, Westport Innovation Inc. (USA) (NASDAQ:WPRT) proves to be a pure-play in natural gas industry. The Company had established partnerships in the United States with most of the major OEMs operating in the region.

Westport Innovation Inc. (USA) (NASDAQ:WPRT) has an increased natural gas adoption rate to its benefits. Recently, the natural gas prices were below $4 and there is a rally in the WTI Crude oil prices which had crossed the $90 barrier which results in the attractiveness of the alternate option of natural gas for the final users.

The Westport Innovation Inc. (USA) (NASDAQ: WPRT) had a trading volume as 2.83 million and the average volume as 703,232 per day on Thursday. The market capitalization value is nearly 1.67 billion on that day