BorgWarner (BWA) has certainly made waves in the market lately. Despite Diamond Hill Large Cap Strategy divesting their BWA stake during Q1, the company has seen a strong influx of share acquisitions from major financial institutions like Bank of Nova Scotia, TD Asset Management, and US Bancorp DE. BWA shares have also outperformed the market on several instances and have earned a reputation as a 'strong momentum stock' and 'top value stock for the long-term'. One notable change is Joseph Fadools recent appointment as Chief Operating Officer. On the downside, California State Teachers Retirement System and various other institutions have reduced their BWA positions, leading to reasonable market fluctuations. However, BWA has shown resilience, continuing to declare quarterly dividends and meeting analyst earnings estimates in Q1 2024. The company's share price fell following reduced sales guidance for 2023, yet they reported growth for the same year and expect eProduct sales to increase by 25-40% in 2024. Further, a joint venture with Shaanxi is underway to expand their e-CV portfolio and a strategic agreement has been signed with FinDreams Battery for LFP Battery Packs.
Borgwarner BWA News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 09 Jun 2024 05:15:00 GMT -
Rating 7
- Innovation 3
- Information 7
- Rumor 2
