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VANCOUVER - Westport Fuel Systems Inc. (TSX:WPRT / Nasdaq: WPRT), currently trading at $2.87 with a market capitalization of $50.75 million, has filed a preliminary short form base shelf prospectus with Canadian securities regulatory authorities, the company announced Friday. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.
The filing, which will replace its previous base shelf prospectus that expired on June 18, 2025, will allow Westport to offer up to $100 million of various securities during a 25-month period once finalized. These securities may include common shares, preferred shares, subscription receipts, warrants, debt securities, or units. This move comes as InvestingPro data shows the company is quickly burning through cash, with negative free cash flow of $13.03 million in the last twelve months.
The company has also filed a corresponding shelf registration statement with the U.S. Securities and Exchange Commission on Form F-3.
According to the press release statement, the shelf prospectus will enable Westport to access new capital or issue securities for strategic acquisitions as needed. The timing and amount of any future offerings will depend on the company’s financial requirements and market conditions.
No specific offerings are currently planned under these filings. When securities are offered for sale, a prospectus supplement with specific terms will be filed with relevant regulatory authorities.
The securities cannot be sold until regulatory approval is received and the registration statement becomes effective.
Westport Fuel Systems designs and manufactures alternative fuel and low-emissions transportation technologies, focusing on natural gas, renewable natural gas, and hydrogen solutions for commercial transportation and OEMs. The company generated revenue of $293.58 million in the last twelve months, though InvestingPro analysis indicates challenging financial health metrics. Subscribers can access 15+ additional ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Westport Fuel Systems Inc. reported a decrease in revenue for the second quarter of 2025. Despite this decline, the company has made strides in improving operating expenses and adjusted EBITDA. These financial adjustments are part of Westport’s strategic shift toward focusing on commercial transportation solutions and high-pressure technology. However, the company continues to face challenges in achieving revenue growth. The recent earnings report has garnered attention from investors and analysts, highlighting the company’s ongoing efforts to realign its business focus. As Westport navigates these changes, the market response has been notable. These developments are crucial for investors monitoring the company’s financial health and strategic direction.
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