I'm beginning to feel a bit of altitude sickness. This is primarily a leveraged play on lower natgas prices with some bonus P/E expansion based on Mr. Soros' connections with the Obama administration.
The problem is there is still no E for the P/E.
Should either the Senate or House versions of the T. Boone Pickens championed NatGas Acts get a hearing the stock would trade higher but until then, I'm feeling a bit woozy.
If Goldman intiates, out and short, In the meantime tight stops orlightening up into upgrades sounds like a plan, this thing can drop 10% in a day.
From Benzinga:
Morgan Stanley initiates its coverage on Westport Innovations with an Overweight rating and a price target of $51 driven the the company's first-mover advantage as a natural gas play.Yesterday Canaccord Genuity reiterated a “hold”
Morgan Stanley notes, "Westport is strategically positioned to capitalize on the increasingly compelling value proposition of natural gas vehicles. We believe revenues will double in two years and triple in three. With multiple catalysts ahead, we see the stock 25% higher by year end and initiate at Overweight."...
Back on Feb. 2 Jeffries bumped their price target to $45.
Previously:
Feb. 8, 2011
George Soros-Score!!! Westport Innovations Hits All-time High (WPRT)
Oct. 2010
"Clean Energy Winners: EPA Emissions Trades" (CLNE; FSYS; WPRT; JCI)
Oct. 2010
T. Boone Pickens-- Score!: EPA Proposes Carbon Dioxide Regulations for Trucks, Buses, Pickups (CLNE)
Nov. 2010
Clean Energy Earnings: Natural Gas Truck Stocks (CLNE; FSYS; WPRT)
Mar. 2011
What's Moving: NatGas Transportation Stocks Pop in Advance of President's Energy Speech (CLNE; FSYS; WPRT)
April 2011
What's Moving? (CLNE; FSYS; WPRT)
June 2011
And Now for Something Completely Different: Natural Gas Engine Maker "We Don't Need $100 Oil or U.S. Help" (WPRT)
June 2011
Why Does George Soros Keep Buying Westport Innovations? (WPRT; CLNE; UNG)
Jan. 2012
As Natural Gas Collapses Who Benefits? (Soros) WPRT; CLNE; UNG
Jan. 2012
"Obama seeks to lift natural gas demand" (WPRT; CLNE)