Craig-Hallum lowered the firm’s price target on Broadwind (BWEN) to $2.50 from $4 and keeps a Buy rating on the shares. Broadwind has been controlling what it can against a still challenging Wind market backdrop with a mixed Q3 as its cost reductions, execution, and end market diversification drove solid results, the analyst tells investors in a research note. The firm added that it is lowering its Q4 estimates in-line with updated guidance and its 2025 estimates take a more conservative view of Heavy Fabrication and Gearing segment revenues along with modestly lower gross margin.
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Read More on BWEN:
- Broadwind Energy Reports Q3 2024 Financial Performance
- Broadwind sees Q4 revenue $31M-$33M, consensus $37.19M
- Broadwind reports Q3 EPS 0c, consensus (3c)
- BWEN Upcoming Earnings Report: What to Expect?
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