Broadwind Energy (NASDAQ:BWEN) is not a well-known stock, but it has recently begun to attract more attention from Wall Street. Analysts are becoming more positive about the company, even though its business is still going through changes.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Broadwind Energy NASDAQ: BWEN reported lower consolidated first-quarter revenue as the company continued to wind down and divest parts of its heavy fabrication business, while management pointed to strong order growth and improving profitability in its Gearing and Industrial Solutions segments.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Broadwind Energy, Inc. (BWEN) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.02 per share a year ago.