Craig-Hallum analyst Eric Stine maintained a Buy rating on Broadwind Energy (BWEN – Research Report) today. The company’s shares closed yesterday at $4.82.
According to TipRanks, Stine is a 5-star analyst with an average return of 16.6% and a 40.81% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Chart Industries, Westport Fuel Systems, and Broadwind Energy.
Broadwind Energy has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
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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:
- BWEN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Broadwind Publishes Investor Presentation Detailing Long-Term Strategy and Track Record for Value Creation
- Broadwind sends letter in connection with annual meeting of shareholders
- Broadwind Announces Preliminary First Quarter 2023 Results, Increases Full-Year 2023 Financial Guidance
- Broadwind raises 2023 revenue view to $205M-$220M from $200M-$220M