Roth MKM lowered the firm’s price target on Broadwind (BWEN) to $3.25 from $3.50 and keeps a Buy rating on the shares. The company delivered a Q3 beat and provided lower-than-expected Q4 guidance as some customers had pulled volume into Q3, and while Orders were up y/y and sequentially, Broadwind’s book-to-bill was below parity and the backlog declined, the analyst tells investors in a research note.
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Read More on BWEN:
- Broadwind Energy Reports Q3 2024 Financial Results
- Broadwind price target lowered to $2.50 from $4 at Craig-Hallum
- Broadwind Energy Reports Q3 2024 Financial Performance
- Broadwind sees Q4 revenue $31M-$33M, consensus $37.19M
- Broadwind reports Q3 EPS 0c, consensus (3c)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
