Westport Innovations (WPRT) which has been one of the strongest green stocks for several months now is breaking out to an all time high after the company announced yesterday that it has engaged in a co-marketing deal with Shell for the advancement of LNG fuel and technologies across North America. The companies plan to consolidate fuel supply, customer support and maintenance into one user friendly package to make operating LNG vehicles more efficient and economical. … Read the rest
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Natural Gas Fuel Companies Surging On Obama Pledge (CLNE, FSYS, WPRT)
The natural gas fuel stocks are surging with heavy volume this morning ahead of an Obama speech in which he’s expected to lay out his energy policy in order to reduce dependence on foreign oil. It’s expected he’ll outline a variety of initiatives which will include increased US oil production and ethanol production as well as a push for natural gas as a fuel. The goal will be to reduce oil imports by about a … Read the rest