California Energy Commission Awards a $3M Grant to BorgWarner, Fermata Energy and Lion Electric for Innovative Vehicle-to-Grid Project with Bus Operator American Transportation to Service Student Transportation for California School Districts

3/18/24 7:50:54 AM ET

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The California Energy Commission (CEC) has awarded BorgWarner Inc. (NYSE:BWA) and project partners Fermata Energy and The Lion Electric Company (NYSE:LEV) (TSX:LEV) ("Lion Electric") a $3 million grant for an innovative Vehicle-to-Grid (V2G) project. This initiative is set to bring grid-supporting and cost-saving V2G solutions for services provided by American Transportation to California school districts, marking a significant step forward in energy management and the transition to electric school buses.

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Recent Analyst Ratings for
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Company	Date	Price Target	Rating	Analyst
BorgWarner Inc. $BWA	9/10/2024	$36.00	Hold	Deutsche Bank
BorgWarner Inc. $BWA	9/5/2024		Peer Perform	Wolfe Research
The Lion Electric Company $LEV	8/12/2024	$1.50 → $1.00	Buy → Neutral	DA Davidson
BorgWarner Inc. $BWA	3/15/2024	$43.00	Overweight	Piper Sandler
BorgWarner Inc. $BWA	2/20/2024	$43.00 → $35.00	Outperform → Neutral	Exane BNP Paribas
BorgWarner Inc. $BWA	1/3/2024	$45.00 → $39.00	Outperform → Neutral	Robert W. Baird
BorgWarner Inc. $BWA	11/16/2023	$41.00	Neutral → Buy	Guggenheim
BorgWarner Inc. $BWA	11/3/2023	$47.00 → $36.00	Buy → Hold	Deutsche Bank

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BorgWarner Included in Forbes' list of America's Best Employers for Engineers 2025 List
AUBURN HILLS, Mich., Nov. 25, 2024 /PRNewswire/ -- BorgWarner has been awarded as America's Best Employers for Engineers 2025! This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The award list was announced on November 20th, 2024, and can be viewed on the Forbes.com. "BorgWarner is honored to be recognized by Forbes as one of the best employers for engineers as we strive to foster an innovative and collaborative culture that encourages creative problem solving," said Tania Wingfield, Chief Huma
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California Energy Commission Awards a $3M Grant to BorgWarner, Fermata Energy and Lion Electric for Innovative Vehicle-to-Grid Project with Bus Operator American Transportation to Service Student Transportation for California School Districts

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Recent Analyst Ratings for $BWA$LEV

$BWA$LEV Press Releases

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$BWA$LEV Insider Trading

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Vice President Demmerle Stefan sold $748,077 worth of shares (21,500 units at $34.79), decreasing direct ownership by 9% to 227,513 units (SEC Form 4)

Vice President Weng Volker sold $690,788 worth of shares (20,000 units at $34.54), decreasing direct ownership by 22% to 72,272 units (SEC Form 4)

President and CEO Lissalde Frederic sold $5,329,755 worth of shares (154,000 units at $34.61), decreasing direct ownership by 37% to 259,957 units (SEC Form 4)

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$BWA$LEV SEC Filings

B of A Securities Maintains Buy on BorgWarner, Lowers Price Target to $45

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SEC Form SC 13G filed by BorgWarner Inc.

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$BWA$LEV Analyst Ratings

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Deutsche Bank resumed coverage on BorgWarner with a new price target

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