Broadwind - BWEN Stock Forecast, Price & News

Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and fabricating services for panels and sub-assemblies to combined cycle natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Broadwind in a research note on Tuesday. They issued a "sell" rating on the stock.

Broadwind Stock Up 1.3 %

NASDAQ:BWEN traded up $0.04 on Tuesday, hitting $3.23. 3,074 shares of the company's stock were exchanged, compared to its average volume of 252,020. The firm has a 50-day moving average price of $1.85 and a 200-day moving average price of $1.89. Broadwind has a 52 week low of $1.46 and a 52 week high of $3.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.10 and a quick ratio of 0.48. The company has a market cap of $66.12 million, a P/E ratio of -5.60 and a beta of 1.35.

Broadwind (NASDAQ:BWEN - Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Broadwind had a negative net margin of 7.14% and a negative return on equity of 21.25%. During the same period last year, the company posted ($0.12) earnings per share. As a group, analysts expect that Broadwind will post -0.42 EPS for the current fiscal year.