BorgWarner Shares Surge 22.45% After $300M TurboCell Turbine Deal and Five OEM Contracts
Shares climbed 22.45% after BorgWarner secured a master supply agreement with TurboCell for its turbine generator—production starts early next year with estimated $300 million first-year revenue—and five additional OEM supply deals. Full-year net sales rose 1.4% to $14.3 billion while attributable net income declined 18% to $277 million.
1. Supply Agreements
BorgWarner signed a master supply agreement with TurboCell for its highly modular turbine generator system designed to support AI data centers and microgrid applications, with production starting early next year and projected $300 million in first-year revenue. The company also secured five additional contracts, including variable turbine geometry turbochargers for a European hybrid OEM, integrated drive modules for European and North American OEMs, a battery management system for an international automaker, and an electric cross differential program in China.
2. Share Price Reaction
Shares climbed 22.45% to a new record high as investors reacted to the series of strategic supply wins across BorgWarner’s powertrain and electrification segments.
3. Financial Results
Full-year net sales edged up 1.4% to $14.3 billion, while attributable net income declined 18% to $277 million. In the fourth quarter, net sales rose 5% to $3.57 billion and the attributable net loss narrowed by 35% to $262 million.