Despite the consequences of persisting COVID limitations, supply chain constraints, and
other challenges that the worldwide sector is now suffering, the firm produced record annual
sales in FY2021. The acquisition of Stako significantly boosted the company's 2021
performance and, more crucially, increased its product line and production capabilities.
A crucial positive is that the balance sheet and organizational changes accomplished
throughout the year position the company well to meet its mid- and long-term goals.
Furthermore, the firm may encounter margin issues because it sells its products to various
OEMs and other IAM customers in Russia, and the sanctions may have an impact on its
business in Russia. Hence considering the aforementioned risks and rationales we
recommend a ‘Speculative Buy’ rating on the stock of WPRT at the current market
price of CAD 2.10 at 9:46 A.M Toronto time on March 30, 2022. Additionally, the
markets are trading in a highly volatile zone currently due to certain macro-economic
issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a
cautious approach while investing.
other challenges that the worldwide sector is now suffering, the firm produced record annual
sales in FY2021. The acquisition of Stako significantly boosted the company's 2021
performance and, more crucially, increased its product line and production capabilities.
A crucial positive is that the balance sheet and organizational changes accomplished
throughout the year position the company well to meet its mid- and long-term goals.
Furthermore, the firm may encounter margin issues because it sells its products to various
OEMs and other IAM customers in Russia, and the sanctions may have an impact on its
business in Russia. Hence considering the aforementioned risks and rationales we
recommend a ‘Speculative Buy’ rating on the stock of WPRT at the current market
price of CAD 2.10 at 9:46 A.M Toronto time on March 30, 2022. Additionally, the
markets are trading in a highly volatile zone currently due to certain macro-economic
issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a
cautious approach while investing.