
Broadwind Energy (BWEN) Stock Forecast & Price Target
Broadwind Energy (BWEN) Analyst Ratings
Bulls say
Broadwind Inc. is projected to experience significant revenue growth, with an increase from $147.7 million in 2024 to $225.1 million in 2025, supported by new orders that could enhance capacity utilization and margin improvements. The company's focus on operational changes aimed at achieving $4 million in annualized cost savings is expected to yield meaningful results in the second half of 2024, alongside revenue diversification efforts within its Industrial and Gearing segments. Additionally, strong quoting activity in non-wind markets and operational efficiencies are anticipated to bolster margin strength, despite year-over-year revenue softness.
Bears say
Broadwind Inc. is experiencing significant operational weaknesses, evident in a 28% year-over-year decline in Q2 revenues to $36.5 million, coupled with a 28% decrease in new orders. The company has adjusted its 2024 gross margin forecast downward to 14.7%, reflecting expectations of a lower-margin sales mix and overall weak pricing pressures resulting from industry consolidation among wind turbine manufacturers. Additionally, Broadwind's total backlog decreased by 47% year-over-year, indicating challenges in securing future business, which has prompted a downward revision of the 2024 earnings per share estimate from 9 cents to 6 cents.
This aggregate rating is based on analysts' research of Broadwind Energy and is not a guaranteed prediction by Public.com or investment advice.
Broadwind Energy (BWEN) Analyst Forecast & Price Prediction
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