February 19, 2009 ndash; Analyst Comments ndash; Think Equityrsquo;s David Woodburn weighed in on Verenium (Nasdaq:VRNM) this morning, rating it at BUY with a $3 price target (stock is trading around $1.02).

Yesterday Verenium announced a 50/50 JV with British Petroleum to develop and commercialize cellulosic ethanol. This is the second phase of the Verenium/BP partnership, and the JV will act as the commercial arm for the distribution of the companiesrsquo; technology being developed. The companies are collectively committing $45 million to the JV, which will build a 36 million gallon-per-year cellulosic ethanol facility in Florida at a total cost of about $250 to $300 million. Production from the plant is slotted to begin in 2012. Woodburn said the announcement of a second agreement with British Petroleum is a strong validation of Vereniumrsquo;s cellulosic ethanol technology and of the cellulosic market in general.

Woodburn anticipates some softness in Vereniumrsquo;s Q4 …

February 12, 2009 ndash; Analyst Comments ndash; Think Equityrsquo;s David Woodburn weighed in on Westport Innovations (Nasdaq:WPRT) with a headline that ldquo;In-Line Revenues Never Looked So Good.rdquo; Woodburn rates WPRT at a BUY with a price target of $9, up 54% from current levels.

Westport Q3 Financial Results

middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Consolidated revenues of $31.1 million, compared with $19.3 million for the same period last year, up 61%

middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; For nine months, consolidated revenues of $95.6 million, up 70% Y/Y

middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Net loss of $8.9 million, or $0.28 for the quarter, compared to net income of $7.4 million, or $0.28 per share for the same period last year

middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; For nine months, net loss of $11.7 million, or $0.39 per share, compared to a net loss of $2.2 million, or $0.09 per share for the same period last yearmiddot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Cash and short term investments of $88.8 million as of December 31, 2008nbsp;

Woodburnrsquo;s Take

middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Total revenues for …