We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
BorgWarner (BWA) Unveils EV Vision Via Project CHARGING FORWARD
Read MoreHide Full Article
BorgWarner Inc. (BWA - Free Report) unveiled the Project CHARGING FORWARD at its Investor Day yesterday, under which the company plans to boost its electric vehicles’ (EVs) revenues to around 45% of the total revenues by 2030, from the less than 3% currently.
The CHARGING FORWARD plan represents an acceleration of the company’s electrification strategy and encompasses facilitatingthe transition to electric light vehicles in a profitable manner, expanding into electric commercial vehicles market and streamlining BorgWarner’s combustion portfolio via disposal of businesses having revenues in the range of $3-$4 billion.
Michigan-based BorgWarner is a global leader in manufacturing turbochargers for gasoline-powered vehicles. Its products include four-wheel-drive and all-wheel-drive transfer cases, as well as automatic transmission and timing chain systems.
Amid the heightening climate-change concerns, the automotive industry is transforming and investors are intrigued by automakers that lower their global carbon emissions by offeringgreen transportation solutions. This has made it essential for auto giants, including Ford (F - Free Report) , Volkswagen (VWAGY - Free Report) , General Motors (GM - Free Report) , to reorient their business models and shift toward manufacturing EVs.
As the global auto industry evolves to meet the increasingly stringent emissions, BorgWarner, which has Volkswagen and Ford as its largest customers, is likely to benefit from the accelerating vehicle electrification. Also, in its bid to capitalize on the trending EV race, BorgWarner plans to move away from a balanced propulsion strategy and accelerate its shift toward electrification by supplying clean and efficient technology solutions required for hybrid and EVs.
BorgWarner is well poised to execute the electrification strategy, on its decentralized organizational structure, system and component offerings, scale to deliver and commercialize state-of-the-art technology, financial strength and dedicated teams.
Under the latest project, BorgWarner targets to generate roughly $4.5 billion in free cash flow between 2021 and 2025. Also, management has pledged to achieve carbon neutrality by 2035.The company plans to invest further to expand its electrification portfolio through organic and inorganic growth,with asustainedfocus on maintaining top-quartile, double-digit margin performance.
Encouragingly, electrification programs are likely to aid the company’s backlog. From 2022 through 2024, net new backlog is expected to be at least $2.8 billion, with around 45% of the backlog supported by e-products.
Nonetheless, for BorgWarner to succeed as an electrification supplier, it must be able to offer components or entire integrated electric systems for EVs. The company’s acquisitions since 2015 position it well for this. BorgWarner’s buyout of Delphi Technologies has strengthened its electric propulsion leadership, with expanded capabilities and scale. The acquisition of AKASOL AG, likely to close in the second quarter of 2021, will further expand its commercial vehicle-electrification capabilities.
Notably, shares of the company have appreciated 86.7% in the past year compared with the industry’s rise of 77.7%.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Image: Shutterstock
BorgWarner (BWA) Unveils EV Vision Via Project CHARGING FORWARD
BorgWarner Inc. (BWA - Free Report) unveiled the Project CHARGING FORWARD at its Investor Day yesterday, under which the company plans to boost its electric vehicles’ (EVs) revenues to around 45% of the total revenues by 2030, from the less than 3% currently.
The CHARGING FORWARD plan represents an acceleration of the company’s electrification strategy and encompasses facilitatingthe transition to electric light vehicles in a profitable manner, expanding into electric commercial vehicles market and streamlining BorgWarner’s combustion portfolio via disposal of businesses having revenues in the range of $3-$4 billion.
Michigan-based BorgWarner is a global leader in manufacturing turbochargers for gasoline-powered vehicles. Its products include four-wheel-drive and all-wheel-drive transfer cases, as well as automatic transmission and timing chain systems.
Amid the heightening climate-change concerns, the automotive industry is transforming and investors are intrigued by automakers that lower their global carbon emissions by offeringgreen transportation solutions. This has made it essential for auto giants, including Ford (F - Free Report) , Volkswagen (VWAGY - Free Report) , General Motors (GM - Free Report) , to reorient their business models and shift toward manufacturing EVs.
As the global auto industry evolves to meet the increasingly stringent emissions, BorgWarner, which has Volkswagen and Ford as its largest customers, is likely to benefit from the accelerating vehicle electrification. Also, in its bid to capitalize on the trending EV race, BorgWarner plans to move away from a balanced propulsion strategy and accelerate its shift toward electrification by supplying clean and efficient technology solutions required for hybrid and EVs.
BorgWarner is well poised to execute the electrification strategy, on its decentralized organizational structure, system and component offerings, scale to deliver and commercialize state-of-the-art technology, financial strength and dedicated teams.
Under the latest project, BorgWarner targets to generate roughly $4.5 billion in free cash flow between 2021 and 2025. Also, management has pledged to achieve carbon neutrality by 2035.The company plans to invest further to expand its electrification portfolio through organic and inorganic growth,with asustainedfocus on maintaining top-quartile, double-digit margin performance.
Encouragingly, electrification programs are likely to aid the company’s backlog. From 2022 through 2024, net new backlog is expected to be at least $2.8 billion, with around 45% of the backlog supported by e-products.
Nonetheless, for BorgWarner to succeed as an electrification supplier, it must be able to offer components or entire integrated electric systems for EVs. The company’s acquisitions since 2015 position it well for this. BorgWarner’s buyout of Delphi Technologies has strengthened its electric propulsion leadership, with expanded capabilities and scale. The acquisition of AKASOL AG, likely to close in the second quarter of 2021, will further expand its commercial vehicle-electrification capabilities.
BorgWarner currently carries a Zacks Rank of 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Notably, shares of the company have appreciated 86.7% in the past year compared with the industry’s rise of 77.7%.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>