Natural Gas Stocks to Watch; (NYSE:LNG), (NASDAQ:WPRT)
Category: Investment, Natural Gas, Energy
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News about Westport Innovations Inc.
New York, NY - June 7, 2012 (Investorideas.com Newswire) Investorideas.com, a leader in sector stock research for independent investors issues a trading snapshot for natural gas stocks, Cheniere Energy, Inc. (NYSE Amex: LNG) and Westport Innovations Inc. (NasdaqGS: WPRT), both up in early trading.
Cheniere Energy, Inc. (NYSE Amex: LNG) is trading at $13.43, up $0.49 or (3.79%) as of 10:32AM EDT, with a morning high of $13.75.
Westport Innovations Inc. (NasdaqGS: WPRT) is trading up at $28.74 , gaining $2.12 or (7.98%) as of 10:33AM EDT on volume of just over 1.2 Million shares. The Company announced on Tuesday it had signed a deal with Caterpillar Inc. (CAT) to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives.
Westport is a global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen, and renewable natural gas (RNG) fuels such as landfill gas and helps reduce greenhouse gas emissions (GHG).
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