BorgWarner Inc.BWA introduced a dual volute turbocharger designed for light-duty vehicles with gasoline engines. The new turbocharger offers a faster engine response while accelerating from a low speed. Further, it allows the complete separation of engine exhaust pulsations, leading to more exhaust energy turbine wheel compared with traditional turbochargers.
The new dual volute turbocharger is an addition to the company's wide portfolio of engine boosting products, which will enable original equipment manufacturers (OEMs) to achieve their goals in gasoline-powered light-duty vehicle engines.
Per management, BorgWarner's knowledge to create advanced engine-boosting technologies will enable it to take a system approach in technology development along with catering customers by offering the precise turbocharging solution.
BorgWarner Inc. Price and Consensus
BorgWarner Inc. Price and Consensus | BorgWarner Inc. Quote
Prior to this turbocharging solution, dual volute turbochargers were only used in commercial vehicles with diesel engines. In 2012, the company began to develop this latest technology. Now, it has collaborated with an OEM to manufacture the first full-size pickup truck, enabled with this turbocharger.
In the past six months, BorgWarner's stock has lost 14%, underperforming 9.2% decline recorded by the industry it belongs to.
Zacks Rank & Key Picks
BorgWarner currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space include PACCAR Inc. PCAR , Allison Transmission Holdings, Inc. ALSN and Fox Factory Holdings, Inc. FOXF . Currently, PACCAR carries a Zacks Rank #2 (Buy) while Allison Transmission and Fox Factory sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
PACCAR has an expected long-term growth rate of 10.8%. Over the past three months, shares of the company have gained 1.9%.
Allison Transmission has an expected long-term growth rate of 10%. Shares of the company have risen 31.5% in the past three months.
Fox Factory has an expected long-term growth rate of 16.8%. Over the past three months, shares of the company have gained 84.8%.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportFox Factory Holding Corp. (FOXF): Free Stock Analysis ReportPACCAR Inc. (PCAR): Free Stock Analysis ReportAllison Transmission Holdings, Inc. (ALSN): Free Stock Analysis ReportBorgWarner Inc. (BWA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research