H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Broadwind Energy (BWEN – Research Report) today and set a price target of $12.00. The company’s shares closed yesterday at $3.71.
Dayal covers the Energy sector, focusing on stocks such as Vertex Energy, Orion Energy Systems, and Plug Power. According to TipRanks, Dayal has an average return of 32.3% and a 38.32% 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 $77.82M and has a P/E ratio of -30.69.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BWEN in relation to earlier this year.
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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.
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