Broadwind price target raised to $3 from $2.50 at Craig-Hallum

Craig-Hallum analyst Eric Stine raised the firm’s price target on Broadwind (BWEN) to $3 from $2.50 and keeps a Buy rating on the shares. The firm notes the company exited the year with Q4 revenue/EBITDA/EPS ahead of expectations and the guided range, and it posted its strongest orders and quarter-over-quarter backlog growth for the first time since early 2023. For 2025, Broadwind guided revenue and EBITDA up year-over-year. Craig-Hallum sees the company’s 2025 outlook as illustrating the diversification strides taken with revenue and profitability growth expected to be driven by Industrial Fab, Gearing, and Industrial Solutions offsetting the pull forward of early 2025 revenue into Q4 in all segments, ongoing stable/low levels of Wind segment activity and ongoing softness in oil and gas.