5 Cheap Clean Energy Stocks To Buy According to Wall Street Analysts

2. Broadwind, Inc. (NASDAQ:BWEN)

P/E Ratio as of March 11: 6.58

Average Upside Potential as of March 11: 148.95%

Number of Hedge Fund Holders: 5

Broadwind (NASDAQ:BWEN) is placed 2nd among the cheap clean energy stocks on our list. The company manufactures clean tech structures, equipment, and components. Its renewable energy offerings include wind turbine towers and wind turbine gearboxes.

As of March 11, Broadwind, Inc. (NASDAQ:BWEN) has a consensus Buy rating from 4 analysts. The stock has an average price target of $5.87 and a high forecast of $8. The average price target represents an upside of 148.95% from current levels.

At the end of Q4 2023, Broadwind (NASDAQ:BWEN) was a part of 5 hedge funds’ portfolios, holding collective stakes worth over $1.08 million in the company. As of December 31, 2023, Millennium Management was the most prominent shareholder in the company and held a position worth $338,436.

On March 6, Amit Dayal from HC Wainwright & Co. reiterated a Buy rating on the stock and his price target of $8. Broadwind (NASDAQ:BWEN) is valued at $51.1 million and has a P/E ratio of 6.58, as of March 11.