Wesport Innovations Lowers Guidance, Shares Down 21 Percent

Shares of Westport Innovations

are markedly lower in pre-market-trading after the company, which manufactures alternative fuels, lowered their full year guidance. The company now expects revenue for 2014 to be $130 million to $140 million, down from the prior forecast of $175 million to $185 million. Westport noted three reasons for the lowered guidance: -Uncertainty in Europe, Russia and China, which has impacted the Applied Technologies business -Revised development schedule will defer related service revenue milestone payments in the near term -Uncertainty over a major order The stock, which had made a new 52-week closing low of $10.51 during on Tuesday, is trading lower by 21 percent at 8.30 in the pre-market.