Tidal Investments and Price T Rowe Associates made significant adjustments to their stakes in BorgWarner (BWA). The former has a $1.25 million stake, while the latter reduced its position. BWA's Q2 2024 results exceeded expectations, leading to stock appreciation and upward rating revisions from StockNews.com. A profitable Q2 offset lowered guidance and also resulted in new eVehicle contracts. Quadrature Capital and Swedbank bought new BWA shares, variants in stake were also noted by retirement systems like California State Teachers and Public Employees of Colorado. BWA has revised its FY24 earnings guidance. Insider selling led to some bearish signals. The company appointed Joseph Fadool as the new Chief Operating Officer. BorgWarner's prospects in e-mobility supply contributed to share jumps and gained them contracts to supply efficient EGR coolers. Stake variations in BWA shares continued among investment and retirement groups. BWA is expected to grow its eProduct sales 25%-40% in 2024. The company's prudent debt management indicated stability and its shares show signs of potential undervaluation. Ongoing fluctuation in shares held by investment firms persists. The company teamed up with Shaanxi to expand its e-CV portfolio. Finally, BorgWarner released its 2024 sustainability report.
Borgwarner BWA News Analytics from Fri, 10 Nov 2023 10:41:35 GMT to Sun, 04 Aug 2024 11:28:24 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -3
