2024-02-11 03:04:05 ET
Summary
- BorgWarner's shares have fallen to 52-week lows due to modest growth and losses in its EV business.
- The company's transition to electrification is slow, with e-sales only making up a small percentage of total sales.
- The 2024 guidance is underwhelming, with little long-term growth expected and low earnings multiples.
Shares of BorgWarner ( BWA ) have fallen to fresh 52-week lows as the company has been hit by modest growth and losses at its EV business, a segment which was supposed to become its growth engine with a long runway for growth....
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BorgWarner: A Long Transition Road Ahead