Why Shares of Westport Fuel Systems Are Crashing Today

·2 min read

After jumping yesterday on the weekend's news regarding the Inflation Reduction Act, shares of Westport Fuel Systems (NASDAQ: WPRT) are giving back most of those gains today. As of 3:01 p.m. ET, Westport's stock is down 22.3%. The stock's move today reflects investors' reactions to the second-quarter 2022 earnings report that the company, a manufacturer of clean energy automotive parts, released after the market closed on Monday.