A 21st Century Transportation Stock
Every few decades or so, industries begin to swap one technology for another. While it doesn't happen overnight, by the time the shift is over, obscure companies have become industry kingpins.
In the years since, Westport has become a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas, hydrogen, and biofuels such as landfill gas.
Why We Like It
The company really started to get some traction in 2001 when it formed a partnership with Cummins, one of the world's premier manufacturers of diesel engines. Since then, it has developed a number of partnerships with major diesel engine manufacturers, most recently with Caterpillar.
The company also has partnerships with Ford (F) and Volvo to produce passenger cars and trucks for the consumer market. Recently, a Ford heavy-duty pickup truck toured the US demonstrating the new technology. Meanwhile, Volvo launched their V70 Bi-Fuel car in Sweden, and plans to expand into other European markets and later into North America.
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