CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--The California Energy Commission (CEC) has awarded BorgWarner Inc. (NYSE: BWA) and project partners Fermata Energy and The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion Electric”) a $3 million grant for an innovative Vehicle-to-Grid (V2G) project. This initiative is set to bring grid-supporting and cost-saving V2G solutions for services provided by American Transportation to California school districts, marking a significant step forward in energy management and ...

In the latest market close, BorgWarner (BWA) reached $32.12, with a +0.28% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 0.65% for the day. On the other hand, the Dow registered a loss of 0.49%, and the technology-centric Nasdaq decreased by 0.96%.Heading into today, shares of the auto parts supplier had gained 1.71% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 3.44% and lagging the S&P 500's gain of 3.27% in that time.Market parti ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about BorgWarner (BWA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.BorgWarner currently has an aver ...

AUBURN HILLS, Mich., March 1, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) ("the Company") today announced that Amy Kulikowski has been appointed Vice President and Chief Accounting Officer. Ms. Kulikowski reports directly to Craig Aaron, whose appointment as Chief Financial Officer is effective today. Ms. Kulikowski comes to BorgWarner with more than 25 years of experience in finance and accounting, most recently with Cooper-Standard Holdings Inc. as its Chief Accounting Officer. Ms. Kulikowski is a CP ...

In a volatile market, many investors follow the strategy of chasing their winners higher. Money has flooded stocks such as Nvidia (NASDAQ:NVDA). However, many of these stocks are objectively overvalued. While they may still be good investments, they’re hardly good deal stocks.  On the other hand, many investors understand the value of buying stocks when they’re on sale. But not every stock that is on sale is a real deal. That’s where the axiom “some stocks are cheap for a reason” applies.  To find real deal ...

Fred Lissalde - President, CEO & Director Company Participants Kevin Nowlan - EVP & CFO John Murphy - Bank of America Rod Lache - Wolfe Research Adam Jonas - Morgan Stanley Emmanuel Rosner - Deutsche Bank Operator I would now like to turn the conference over to Patrick Nolan, Vice President of Investor Relations. Mr. Nolan, you may begin your conference. Thank you, Savannah. Good morning, everyone, and thank you for joining us today. We issued our earnings release earlier this morning. It's posted on our we ...

BorgWarner Inc. (BWA) reported adjusted earnings of 90 cents per share for fourth-quarter 2023, down from $1.26 recorded in the prior-year quarter. The bottom line also missed the Zacks Consensus Estimate of 93 cents.The automotive equipment supplier reported net sales of $3.52 billion, missing the Zacks Consensus Estimate of $3.61 billion. The top line declined 14.4% year over year.Segmental PerformanceAir Management: Net sales totaled $1.88 billion in the reported quarter compared with $1.81 billion in th ...

For the quarter ended December 2023, BorgWarner (BWA) reported revenue of $3.52 billion, down 14.3% over the same period last year. EPS came in at $0.90, compared to $1.26 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.61 billion, representing a surprise of -2.43%. The company delivered an EPS surprise of -3.23%, with the consensus EPS estimate being $0.93.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

BorgWarner (BWA) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.23%. A quarter ago, it was expected that this auto parts supplier would post earnings of $0.91 per share when it actually produced earnings of $0.98, delivering a surprise of 7.69%.Over the last four quarters, the com ...

AUBURN HILLS, Mich., Feb. 8, 2024 /PRNewswire/ -- BorgWarner Inc. (NYSE: BWA) today reported fourth quarter and full-year results. Charging Forward Update: BorgWarner has announced a strategic relationship agreement with FinDreams Battery, a subsidiary of BYD Company Limited. Under this agreement, BorgWarner will be the only non-OEM localized manufacturer, unaffiliated with FinDreams Battery, with rights to localize LFP battery packs for commercial vehicles utilizing FinDreams Battery blade cells in Europe ...