Auriga has reversed its call after last week’s selling, upgrading SunPower (SPWRA) from Sell to Hold. “Shares of SPWRA are now trading below our price target of $15 and are essentially 1.0x book value of $14.26.” The firm expects the company’s presentation following its earnings report tomorrow to be optimistically bullish. While demand for solar continues to improve, the still believe that margins will erode due to increasing competition and maintain the $15 price target. … Read the rest
Tag Archives: borg warner
Friday’s Analyst Roundup: AIXG, RBCN, ENOC, BWA, MXWL
It’s always a real challenge to keep up during earnings season and I burned out a bit by Friday. I’ve got a bit of catching up to do today and I start with Friday’s analyst alerts. Hat tip to Street Insider for the analyst comments.
A couple calls on Rubicon Technology (RBCN), the emerging LED play, following its earnings report last week…
Canaccord Adams reiterated a Buy and raised the price target from $30 … Read the rest
Borg Warner (BWA) Swings To Big Profit On Autos Recovery, Shares Soar
Borg Warner (BWA), which manufacturers auto parts to make cars more efficient, soared over 10% today after reporting strong earnings results as the US auto industry continues its remarkable recovery and the China auto industry remains red hot. The company smashed Wall St EPS estimates of .42/share by posting a non GAAP profit of .65/share, a whopping 642% increase over the year ago quarter. Revenues bounced back big over the year ago quarter too with … Read the rest
BorgWarner (BWA) Technology Used In New Hyundai-Kia Engines
Borgwarner just announced that its variable turbine geometry (VTG) turbochargers will be used in the new 4 cylinder diesel engines on the new Hyundai ix35s and Kia Sportages.
BorgWarner’s new turbochargers provide a variety of enhancements that help these vehicles operate more efficiently, using less fuel and producing fewer emissions.
In a press release, Roger Wood, President and General Manager, BorgWarner Turbo Systems, commented on the news:
“BorgWarner’s latest advancements in turbocharging technology for modern … Read the rest
Borg Warner (BWA) Turbocharger Technology Selected By Ford (F) For EcoBoost Engine
It was announced this morning that Borg Warner (BWA) will provide the turbocharger technology for the new Ford (F) fuel efficient EcoBoost engine to debut this year. The combined turbocharging and fuel injection technology aims to increase fuel efficiency by 20%.
“Pairing BorgWarner’s advanced turbocharging technology with Ford’s gasoline direct injection on the EcoBoost engines allows drivers to experience the benefits of up to 20% better fuel economy without sacrificing performance or comfort,” said Roger … Read the rest
Borg Warner (BWA) Misses Badly With Another Quarterly Loss, Shares Plunging
Borg Warner (BWA) is selling off with heavy volume after the company reported earnings that missed analyst estimates by a wide margin. The company reported a non GAAP loss of .05/share vs the expectations for a .07/share profit. Sales also came in much lighter than expected at $916 million vs expectations of $970 million.
The CEO commented that restructuring initiatives from last year are helping the company and that the company generated positive cash flow … Read the rest
Borg Warner (BWA): "This Will Be The Ignition Technology Of the Future"
Alison first wrote about Borg Warner as a fuel efficiency play following the government announcement of stricter fuel standards a few weeks ago. Today, the company appears to be an even better play for the trend to lighter, more efficient vehicles. The company is announcing it has purchased the advanced ignition technology from Florida based Etatech that will improve peak energy efficiency (by 40%) and reduce emissions (by 50 – 80%). The company wants to … Read the rest
Borg Warner (BWA) Revises 2008 Earnings Guidance Downward
Borg Warner announced today that it is once again revising its 2008 earnings guidance downward. Previously, Borg Warner had expected non-GAAP earnings of $2.25 to $2.35 per share. However, due to current economic conditions, the company now expects non-GAAP earnings of $1.85 to $1.95 per share. The following special items will also impact the company’s balance sheets for 2008:
… Read the restPreviously announced nine-month year-to-date charges: goodwill adjustment of $(1.27) related to the BERU acquisition, BERU
Borg Warner (BWA) Powers 2009 Green Car Finalists
Borg Warner (BWA) is a key auto parts supplier for hybrid and electric cars and its technologies power all five vehicles in the Green Car Journals top 5 finalists for 2009 Green Car of the Year. Its regulated 2 stage and variable turbine geometry turochargers, pressure sensor glow plugs, Instant Start Systems, DualTronic clutch and control modules and traditional transmission components are a few of the technologies featured in the BMW 335d, Ford Fusion Hybrid, … Read the rest
Borg Warner’s (BWA) Third Quarter Results Show Loss, Outlook For 2008 Revised
Borg Warner released its 3rd quarter results today, and the earnings report shows that the economic downturn has affected the company’s business. Compared to a year ago, third quarter sales stayed the same at $1,316.9 million. US GAAP earnings were a loss of $1.12 per diluted share, but this is largely because of one-time items. Excluding those one time charges, earnings would have been 44 cents per share. The company has also revised its … Read the rest