In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Broadwind Energy (BWEN – Research Report). The company’s shares opened today at $5.40.
Stine covers the Industrial Goods sector, focusing on stocks such as Chart Industries, Westport Fuel Systems, and Apogee. According to TipRanks, Stine has an average return of 18.1% and a 41.63% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Broadwind Energy with a $12.00 average price target.
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Based on Broadwind Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $40.06 million and a GAAP net loss of $2.85 million. In comparison, last year the company earned a revenue of $26.01 million and had a GAAP net loss of $4.09 million
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Broadwind Energy, Inc. is engaged in the manufacture of structures, equipment, and components for clean tech and other specialized applications. It operates through the following business segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to customers in industrial markets. The Gearing segment provides gearing and gearboxes to customers in diverse markets including; onshore and offshore O&G fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets. The Industrial Solutions segment provides supply chain solutions, inventory management, kitting and assembly services, primarily serving the combined cycle natural gas turbine market. The company was founded in 1996 and is headquartered in Cicero, IL.
Read More on BWEN:
- Broadwind Announces Preliminary First Quarter 2023 Results, Increases Full-Year 2023 Financial Guidance
- Broadwind Announces New $8 Million Order for Mobile Pressure Reducing Systems and Accessories
- WM Argyle Fund urges Broadwind stockolders to vote for its board nominees
- Broadwind calls WM Argyle’s campaign ‘risk to long-term shareholder value’
- Broadwind Files Definitive Proxy Statement and Sends Letter to Shareholders
