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RBC Cuts Westport Fuel Systems' Price Target to US$1.75 From US$2.00

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RBC Capital Markets lowered its price target on the shares of Westport Fuel Systems (WPRT.TO, WPRT) to US$1.75 from US$2.00 on Friday after the company reported its fourth-quarter financial results on Thursday.

RBC has a sector-perform rating on the shares of the company.

"4Q25 results came in above expectations on revenue but below on margins due to impairments," said RBC.

Focus continues to be on cash burn, cost management, liquidity, and growth opportunities now that the business is smaller and more focused, noted RBC.

The company should benefit from new lower-cost production this year, following the facility change over in 4Q25, RBC further noted and added that WPRT reaffirmed its strategy to capitalize on commercial opportunities in key markets for hydrogen and for NG heavy-duty transport.

"We think proof points of growth are needed in addition to the self-help initiatives," said RBC.

The company started production at key facilities in Ontario and China, noted RBC.

"Although the hydrogen industry remains muted, China could be the fastest growing market internationally and mgmt indicated expectations for volumes to pick up," added RBC. "The China facility will enable local competition with local costs and suppliers."

Price: $2.71, Change: $-0.01, Percent Change: -0.37%

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