In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Broadwind Energy (BWEN – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $4.36.
Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ballard Power Systems, and Ceco Environmental. According to TipRanks, Dayal has an average return of 36.2% and a 37.07% 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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BWEN market cap is currently $90.82M and has a P/E ratio of -9.08.
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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 First Quarter 2023 Results
- Broadwind Sends Letter to Shareholders Clarifying Attempts by WM Argyle to Mislead Shareholders
- 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
