Analyst Rating Update on This Canadian Energy Company

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Broadwind Energy (BWENResearch Report), with a price target of $6.00. The company’s shares closed last Wednesday at $3.99.

According to TipRanks.com, Dayal is a 4-star analyst with an average return of 8.7% and a 44.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Renewable Energy Group, Ballard Power Systems, and Westport Fuel Systems.

Broadwind Energy has an analyst consensus of Moderate Buy, with a price target consensus of $7.00.

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The company has a one-year high of $5.78 and a one-year low of $1.12. Currently, Broadwind Energy has an average volume of 346K.

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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.