Fintel reports that on August 16, 2023, Roth MKM reiterated coverage of Broadwind (NASDAQ:BWEN) with a Buy recommendation.
Analyst Price Forecast Suggests 158.70% Upside
As of August 2, 2023, the average one-year price target for Broadwind is 8.92. The forecasts range from a low of 6.06 to a high of $12.60. The average price target represents an increase of 158.70% from its latest reported closing price of 3.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Broadwind is 198MM, an increase of 7.21%. The projected annual non-GAAP EPS is -0.00.
What is the Fund Sentiment?
There are 86 funds or institutions reporting positions in Broadwind. This is an increase of 4 owner(s) or 4.88% in the last quarter. Average portfolio weight of all funds dedicated to BWEN is 0.04%, a decrease of 16.25%. Total shares owned by institutions increased in the last three months by 5.42% to 8,018K shares. 
The put/call ratio of BWEN is 0.33, indicating a bullish outlook.
What are Other Shareholders Doing?
Grace & White holds 1,282K shares representing 6.11% ownership of the company. No change in the last quarter.
AIGH Capital Management holds 992K shares representing 4.73% ownership of the company. In it's prior filing, the firm reported owning 1,000K shares, representing a decrease of 0.84%. The firm increased its portfolio allocation in BWEN by 9.74% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 689K shares representing 3.29% ownership of the company. In it's prior filing, the firm reported owning 385K shares, representing an increase of 44.14%. The firm increased its portfolio allocation in BWEN by 254.61% over the last quarter.
Quinn Opportunity Partners holds 618K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 116K shares, representing an increase of 81.14%. The firm increased its portfolio allocation in BWEN by 829.52% over the last quarter.
Millennium Management holds 376K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 165K shares, representing an increase of 55.98%. The firm increased its portfolio allocation in BWEN by 404.91% over the last quarter.
Broadwind Background Information
(This description is provided by the company.)
Broadwind is a precision manufacturer of structures, equipment and components for clean tech and other specialized applications. With facilities throughout the U.S., its talented team is committed to helping customers maximize performance of their investments-quicker, easier and smarter.
Additional reading:
- Broadwind Announces Second Quarter 2023 Results
- 1 Broadwind | Investor Presentation 2023 Second Quarter 2023 Conference Call Presentation August 14, 2023 2 Broadwind | Investor Presentation 2023 SAFE HARBOR STATEMENT This document contains “forward looking statements” — that is, statements related
- Fourth Amended and Restated Bylaws of Broadwind, Inc. adopted as of June 26, 2023
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
