BroadwindBroadwind Inc. (NASDAQ: BWEN) is a heavy equipment manufacturer that develops industrial solutions for clean technology, natural resource extraction, and wind energy. In addition to manufacturing, the company offers a broad range of supply chain solutions, inventory management, assembly, and general industrial solutions.

As a key supplier to the energy industry, Broadwind is one of the most compelling bargain stocks on the market today. It is involved in both traditional and alternative energy, giving it diversity that some pure-play clean energy stocks don’t have.

Despite challenges related to the Coronavirus Pandemic and global economic slowdown, Broadwind minimized losses in the third quarter of 2020. It reported earnings per share of -$0.06, a 33.33% surprise over the consensus estimate of -$0.09 per share. Earnings in the first half of 2020 were positive with $0.06 per share and $0.03 per share for the first and second quarters.

Broadwind has outperformed its energy peers on the stock market, generating a 378.03% return over the previous year. It has vastly outperformed the U.S. Electrical industry and the wider U.S. stock market. Earnings are expected to grow by 42.96% over the next year, which is likely to contribute to share price growth and increased demand for this pick.

Analysts predict a short-term upside with a high-end target price of $10. In the long-term, Broadwind’s diverse involvement in the energy industry, especially in clean renewable energy, should keep it viable in the years to come.

Key Data:

  • 1 Year Price Growth: 03%
  • YTD Price Growth: 29%
  • 3 Month Price Growth: 71%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.