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 $2.81.
Stine covers the Energy sector, focusing on stocks such as Broadwind Energy, Electrovaya, and Clean Energy Fuels. According to TipRanks, Stine has an average return of 3.7% and a 31.56% success rate on recommended stocks.
Currently, the analyst consensus on Broadwind Energy is a Strong Buy with an average price target of $9.00.
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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 44 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 (BWEN) Company Description:
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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