In a report released today, Amit Dayal from H.C. Wainwright upgraded Broadwind Energy (BWEN – Research Report) to a Buy, with a price target of $12.00. The company’s shares closed last Friday at $5.60.
Dayal covers the Industrial Goods sector, focusing on stocks such as Broadwind Energy, Ceco Environmental, and Westport Fuel Systems. According to TipRanks, Dayal has an average return of 41.1% and a 42.69% success rate on recommended stocks.
Broadwind Energy has an analyst consensus of Strong Buy, with a price target consensus of $8.33, representing a 48.75% upside. In a report released on January 12, Craig-Hallum also maintained a Buy rating on the stock with a $9.00 price target.
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The company has a one-year high of $5.65 and a one-year low of $1.46. Currently, Broadwind Energy has an average volume of 1.35M.
Based on the recent corporate insider activity of 39 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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