Analysts Offer Insights on Conglomerates Companies: Broadwind Energy (NASDAQ: BWEN) and Ballard Power Systems (NASDAQ: BLDP)

By Ryan Adsit

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Broadwind Energy (NASDAQ: BWEN) and Ballard Power Systems (NASDAQ: BLDP).

Broadwind Energy (NASDAQ: BWEN)

In a report released yesterday, Justin Clare from Roth Capital reiterated a Buy rating on Broadwind Energy (NASDAQ: BWEN), with a price target of $5. The company’s shares opened today at $2.78, close to its 52-week low of $2.64.

According to TipRanks.com, Clare is a 1-star analyst with an average return of -2.2% and a 55.6% success rate. Clare covers the Industrial Goods sector, focusing on stocks such as Hanwha Q Cells, Renesola, and Yingli.

Broadwind Energy has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.

Ballard Power Systems (NASDAQ: BLDP)

Roth Capital analyst Craig Irwin reiterated a Hold rating on Ballard Power Systems (NASDAQ: BLDP) today and set a price target of $5. The company’s shares opened today at $5.06, close to its 52-week high of $5.50.

According to TipRanks.com, Irwin is a 3-star analyst with an average return of 2.5% and a 49.2% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Revolution Lighting Technologies, Cooper-Standard Holdings, and Dynamic Materials Corp.

Ballard Power Systems has an analyst consensus of Moderate Buy, with a price target consensus of $5.38.

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