Craig-Hallum analyst Eric Stine maintained a Buy rating on Broadwind Energy (BWEN – Research Report) today. The company’s shares closed yesterday at $3.87.
According to TipRanks, Stine is a 4-star analyst with an average return of 11.0% and a 38.77% success rate. Stine covers the Energy sector, focusing on stocks such as Plug Power, Vertex Energy, and Broadwind Energy.
Broadwind Energy has an analyst consensus of Moderate Buy, with a price target consensus of $12.00, implying a 210.08% upside from current levels. In a report released on August 15, H.C. Wainwright also maintained a Buy rating on the stock with a $12.00 price target.
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Based on Broadwind Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $50.84 million and a net profit of $1.42 million. In comparison, last year the company earned a revenue of $50.01 million and had a GAAP net loss of $2.7 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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