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Westport Fuel Systems Inc. (WPRT) is a Canadian penny stock to buy now, according to H.C. Wainwright, which reiterated a Buy rating and set a $7 price target. The analyst is optimistic about the company's prospects due to its strategic positioning and growth potential. The company is in transition following the divestment of the Light Duty business but is expected to trigger market expansion and free cash flow growth.

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