Westport Fuel Systems Strengthens Ties with Volvo Through Strategic Agreements
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Westport Fuel Systems has announced strategic agreements with Volvo, including a Unanimous Shareholders Agreement and an Investment Agreement, effective June 3, 2024. These collaborations aim to advance clean fuel technologies and strengthen Westport's market position in sustainable transportation solutions. Despite these developments, analysts rate Westport's stock as a Sell with a C$2.00 price target, citing financial challenges and bearish momentum.
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