Broadwind Energy Receives a Buy from Cowen & Co.

By Jason Carr

Cowen & Co. analyst Jeff Osborne reiterated a Buy rating on Broadwind Energy (NASDAQ: BWEN) yesterday and set a price target of $9. The company’s shares closed yesterday at $4.57, close to its 52-week high of $9.80.

According to TipRanks.com, Osborne is ranked 0 out of 5 stars with an average return of -15.1% and a 38.6% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Ballard Power Systems, and Capstone Turbine Corp.

Currently, the analyst consensus on Broadwind Energy is Moderate Buy and the average price target is $7.50, representing a 64.1% upside.

In a report issued on June 30, Roth Capital also initiated coverage with a Buy rating on the stock with a $6 price target.

The company has a one year high of $9.80 and a one year low of $3.75. Currently, Broadwind Energy has an average volume of 290.3K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2017, Thomas Wagner, a Director at BWEN sold 5,441 shares for a total of $40,834.

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. engages in the provision of technologically advanced high-value products to energy, mining, and infrastructure sector customers. It operates through Towers and Weldments, and Gearing.