Westport Innovations (NASDAQ: WPRT): This Fallen Star Could Surprise Traders With 50%-Plus Upside

In any given year, you'll come across "no-brainer" investments that are universally loved by the crowd. Trouble is, these stocks can be loved too much, and no matter how sales trends develop, some disappointment will be inevitable.

Indeed, one of the most popular stocks of the past few years has lost its way, buried under a set of unrealistic growth expectations. Yet, as shares bounce just above multi-year lows, contrarian investors finally see an opening.

This "can't miss" stock is Westport Innovations (NASDAQ: WPRT), which appeared set to dominate the burgeoning market for truck engines that can run on natural gas.
The appeal is self-evident. Natural gas is far cheaper than crude oil, and truckers could save thousands of dollars a year by moving away from pricey diesel fuel.

WPRT was also expected to benefit from legislation that provided huge subsidies for truckers to switch to natural gas. That legislation never arrived, and the company's most bullish supporters had to concede that the loftiest sales forecasts simply couldn't be met. As you can see in the chart below, shares responded as would be expected. (more)

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