New York, NY - June 28, 2012 (Investorideas.com Newswire, www.naturalgasstocks.com) Investorideas.com , a leader in sector stock research for independent investors issues a trading alert for natural gas stock, Westport Innovations Inc. (NasdaqGS:WPRT) , (TSX:WPT), continues its run following yesterday’s news of its second deal with General Motors. The stock is trading at $36.08, up 0.59 (1.65%) 11:42AM EDT, with a morning high of $36.67.
The stock has made a massive run for investors this month. Invesorideas.com had reported it trading at $26.35 on June 5 th , gaining 4.08 or (18.32%) as of 10:50AM EDT on over 3 Millions shares and with a few minor pull backs the stock just keeps moving up on positive news and sector strength.
The Company announced yesterday that it has entered into an additional agreement with General Motors (NYSE:GM/TSX:GMM) for a second advanced technology development program. Westport and GM are now developing two different combustion, controls and emissions approaches to natural gas engines, with the first cooperative technology project being announced in June 2011.
Westport Innovations Inc. is a leading 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). Westport technology offers advanced LNG fueling systems with direct injection natural gas engine technology for heavy-duty vehicles such as highway trucks and off-road applications such as mining and rail. Westport's joint venture with Cummins Inc., Cummins Westport Inc. designs, engineers and markets spark-ignited natural gas engines for North American transportation applications such as trucks and buses. Westport LD division is one of the global leaders for natural gas and liquefied petroleum gas (LPG) fuel in passenger cars, light-duty trucks and industrial applications such as forklifts. www.westport.com
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BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.