Broadwind Energy (NASDAQ:BWEN) Upgraded by Wall Street Zen to “Hold” Rating
by Amy Steele · The Cerbat GemWall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
Several other research analysts have also recently commented on the company. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of Broadwind Energy in a research note on Tuesday, February 10th. Weiss Ratings cut Broadwind Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Broadwind Energy currently has an average rating of “Hold” and an average price target of $6.00.
Broadwind Energy Trading Up 0.5%
BWEN opened at $2.12 on Friday. Broadwind Energy has a 12 month low of $1.45 and a 12 month high of $4.15. The stock has a market capitalization of $49.42 million, a price-to-earnings ratio of 9.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.03 and a quick ratio of 0.70. The business has a fifty day moving average price of $2.31 and a 200 day moving average price of $2.62.
Broadwind Energy (NASDAQ:BWEN – Get Free Report) last released its earnings results on Wednesday, March 11th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Broadwind Energy had a negative return on equity of 1.91% and a net margin of 3.32%.The company had revenue of $37.74 million for the quarter, compared to analyst estimates of $36.18 million. Sell-side analysts expect that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Aristides Capital LLC purchased a new stake in shares of Broadwind Energy in the 4th quarter valued at about $363,000. Macco Financial Group Inc. purchased a new stake in shares of Broadwind Energy in the 4th quarter valued at about $59,000. Empowered Funds LLC lifted its holdings in shares of Broadwind Energy by 9.9% in the 4th quarter. Empowered Funds LLC now owns 118,166 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 10,658 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Broadwind Energy by 88.3% in the 4th quarter. XTX Topco Ltd now owns 52,577 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 24,652 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Broadwind Energy in the 4th quarter valued at about $170,000. 33.27% of the stock is owned by institutional investors and hedge funds.
Broadwind Energy Company Profile
Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.
The company operates through two principal segments.