NYSE:PHIN Stock Quote

On Thursday, PHINIA[ stock earned a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91.

An analysis of spinoff stocks shows that recently separated companies can often be a good long-term investment opportunity.

PHIN stock results show that Phinia beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

Companies Reporting Before The Bell • Gatos Silver (NYSE:GATO) is estimated to report quarterly earnings at $0.09 per share on revenue of $83.00 million.

Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is expected to report quarterly earnings at $0.16 per share on revenue of $366.82 million.

Analyst initiates coverage on Phinia with Overweight rating and $50 price target. Sees potential for strong cash flows and dividends in the long-term despite current EV market challenges.

I like the direction BorgWarner is heading. And I like the fact that the firm provides an under-the-radar way to play the EV revolution. As more people understand the company’s strengths in this space, demand for these shares should rise.

Phinia emerged as parent BorgWarner shifts to electrification.