Significant changes are taking place in BorgWarner Inc., including the appointment of
Joseph Fadool as Chief Operating Officer. The company has seen noteworthy share activity, with large entities such as Franklin Resources Inc., Corient Private Wealth LLC, UBS Group AG, Advisory Services Network LLC, Nomura Asset Management Co. Ltd., Coldstream Capital Management Inc., and several others adjusting their stake. BorgWarner surmounted its 200-day moving average (DMA), outperformed the market, and continues to generate interest as a stock. In its recent Q1 2024 earnings, BorgWarner surpassed analyst estimates, revised guidance, and declared a dividend. They also announced an additional share strategy, sparking confidence in their projected growth. Despite a fall after the reduced sales guidance for 2023, the company expects a significant boost in eProduct sales in 2024. BorgWarner also signed a strategic agreement with FinDreams Battery for LFP Battery Packs. Nevertheless, there was an 11% drop due to disappointing 2023 guidance, and certain analysts see the company's stock as undervalued.
Borgwarner BWA News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 18:39:07 GMT -
Rating -1
- Innovation 5
- Information 8
- Rumor -4
