One big business opportunity that WestPort is now working on is with LA Metro, which is now modifying its public transportation services to the Downtown Los Angeles and San Diego area using compressed natural gas as fuel for its fleet. Other business partnerships are also being explored with Clean Energy Fuels Corp. (NASDAQ:CLNE) for refueling infrastructure for alternative fuel vehicles as well as Waste Management, Inc. (NYSE:WM) for fleet engine services among others.
Market Performance of WestPort
From its humble beginnings to its current worldwide market reach, WestPort Innovations has also become a stable commodity in the stock market. In NASDAQ, for the week ending February 15, 2013, the share prices have moved between US$29.25 to a high of US$31.70. This is just for its current interests in China and in Europe. With its current expansion in North America, specifically the continental United States, the growth of the company is to be expected, with a share price high of US$32.89 in 2012 on market capitalization of US$1.74 billion dollars.
Is There Still Room for Doubt?
Partnerships created in one of the biggest market base in the world, expanding its engine production to luxury cars like Volvo, consistently pushing on acquisition efforts, and meeting the demands of a cleaner and greener fuel the world over makes Westport a perfect investment for those who would like to take a shot at the engine industry. With efforts that have been met and achieved for the past few years, and even a positive foresight of what would come ahead provides a clear definition of how WestPort Innovations has blossomed from its early beginnings of scientific curiosity.
The article How WestPort Meets the World’s Demand originally appeared on Fool.com and is written by Renia Bula.
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