Sorry for the thread revive here and being so late to the party, but I just had this same thing happen to me. It was my stator, the two bolts that hold it down loosened and fell off and the stator started running to ground. Test the two single wires coming out of the stator with a multimeter set to resistance, if one of them gives an O/L reading then the stator is grounding out and won't signal to the CDI when to fire, causing no spark
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