I'm guessing it is because of the EPA* and H.R. 1380, "A Bill to amend the Internal Revenue Code of 1986 to encourage alternative energy investments and job creation." or (a) SHORT TITLE.—This Act may be cited as the ‘‘New Alternative Transportation to Give Americans Solutions Act of 2011’’.
Get it? The NATGAS bill.
... it would give a tax credit for up to 80% of the purchase cost of a natural gas vehicle — with a cap dependent on the car's weight, $8,000 for passenger cars and up to $64,000 for heavy trucks.-IBD, who don't seem to like the bill
According to GuruFocus:
Stocks that George Soros Keeps Buying
...George Soros owns 5,547,604 shares of WPRT, valued as $122 million as of Mar. 31, 2011, which accounts for 1.45% of his equity portfolio. George Soros added his positions in the Dec. 31, 2010 quarter by 38.98%, again in the Mar. 31, 2011 quarter by 22.56%. Soros bought a massive 1.8 million shares at the early of 2010, and he has been buying ever since. The stock price only increased by $4 in 1 quarter and stayed the same for a year, and his holdings has steadily and interestingly increased by 1 million every quarter, this is a stock that should be looked more closely and for understanding why he has so much confidence in this stock. No other guru but one currently has any shares of this stock and that guru only owns 280,000 shares not 5.5 million....The stock is up 4% today, at $21.27.
Here's the 12-month chart via BigCharts, mind the gap:
And Now for Something Completely Different: Natural Gas Engine Maker "We Don't Need $100 Oil or U.S. Help" (WPRT)
Here's another Soros position:
Soros Fund Management's Largest Position Was up 7.68% Yesterday (AGRO; CRESY; MOO; DBA)
T. Boone Pickens-- Score!: EPA Proposes Carbon Dioxide Regulations for Trucks, Buses, Pickups (CLNE)
"Clean Energy Winners: EPA Emissions Trades" (CLNE; FSYS; WPRT; JCI)