BorgWarner Inc.’s Stock Price Soars to $35.63, Marking a Remarkable 8.40% Increase

BorgWarner Inc. (BWA)

35.63 USD +2.76 (+8.40%) Volume: 4.89M

BorgWarner Inc.’s stock price surges 8.40% this trading session to reach 35.63 USD, backed by a hefty trading volume of 4.89M. Despite a marginal YTD decrease of 0.61%, BWA’s performance continues to capture the market’s attention.

Latest developments on BorgWarner Inc.

BorgWarner Inc. has been on the move with significant stock price movements, following a series of key events. The company surpassed analyst earnings estimates in Q1 2024, which led to an increase in full-year EPS guidance and a boost in the market performance. BorgWarner’s recent earnings and revenue beat, coupled with its supply of electric torque vectoring and disconnect systems to Polestar BEV SUVs, has further propelled stock gains. Meanwhile, new investments and share purchases by entities like GAMMA Investing LLC and Louisiana State Employees Retirement System have also stirred the stock’s activity.

A look at BorgWarner Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Borgwarner Inc has a positive long-term outlook. With high scores in both Value and Dividend, the company appears to be a solid investment option for those seeking stability and potential returns. Although Growth, Resilience, and Momentum scores are slightly lower, Borgwarner Inc‘s overall outlook remains promising.

Borgwarner Inc, a global supplier of engineered systems and components for automotive powertrain applications, is well-positioned in the market. With manufacturing facilities across North America, Europe, and Asia, the company caters to a wide range of original equipment manufacturers. Investors looking for a reliable and profitable option may find Borgwarner Inc to be a favorable choice based on its Smartkarma Smart Scores.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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