ThinkEquity’s Woodburn Rates Westport Innovations (Nasdaq:WPRT) at BUY
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/YzXWbOFHvx4/Posted on Tuesday, June 9th, 2009 | In Market Commentary, Small & Micro Cap
June 8, 2009 ndash; Analyst Comments ndash; ThinkEquityrsquo;s David Woodburn weighed in on Westport Innovations, Inc.nbsp; (Nasdaq:WPRT) this morning ahead of its scheduled earnings report, focusing more on the ldquo;anticipation of potential future businessrdquo; as being ldquo;more interesting than discussion of historical results.rdquo; He rates the stock at BUY with a price target of $9.
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Revenue estimate of C$32.8 for Q4 and EPS estimate of (C$0.17), though he noted that his figures for F2009 are probably too highnbsp;
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; While most commercial fleets are not using as much fuel as they were a year ago, Westportrsquo;s natural gas will become more attractive on higher diesel prices
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Expects the second round of port incentives to be awarded soon
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Rates stock at BUY with $9 price target based on multiple of 1.4x F2011 ldquo;ownedrdquo; revenue estimate of C$183. The 1.4x multiple matches the average of alternative energy technology companies with the range being 0.3x to 4.8x.
Last 5 posts by Small Cap Pulse
- Cowen’s Stone Maintains Suntech (NYSE:STP) at NEUTRAL on Q3 Earnings Report - November 20th, 2009
- Cowen’s Stone Comments on Trina Solar (NYSE:TSL) Q3 Earnings - Maintains OUTPERFORM - November 20th, 2009
- Cowen’s Stone Raises Estimates on China Sunergy (Nasdaq:CSUN) - Maintains NEUTRAL - November 19th, 2009
- Bachman Says First Solar (Nasdaq:FSLR) Defects Reported in PHOTON Not an Issue - November 18th, 2009
- Cowen’s Stone Comments on SunPower (Nasdaq:SPWRA) Investigation - Maintains OUTPERFORM - November 17th, 2009
 About Small Cap Pulse (http://www.smallcappulse.com/index.php/blog/detail/)
Our focus at Small Cap Pulse is to provide our readers with timely and insightful stock ideas and market information, commentary about the economy and political conditions influencing it. We don't believe that stocks trade in a vacuum, so we believe that it is important to consider macroeconomics, the political climate, seculrar and industry trends that are relevant and necessary to consider when contemplating taking a long or short position, regardless of whether it is a long-term minded investment or a day-trade. So we will spend time discussing general conditions that we believe will influence the performance of companies that we report on in the Small Cap Pulse. We hope that you find our site informative and useful. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.