Broadwind Energy Inc. (NASDAQ:BWEN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $4.75 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 14.46% from the company’s previous close.

According to Zacks, “Broadwind Energy, Inc., headquartered in Naperville, Illinois, owns, supports, grows and strategically positions companies that manufacture, install and maintain components for the energy industry, with a primary emphasis on the wind energy sector. The Company’s operational platforms include wind tower manufacturing; heavy steel fabrication; wind facility construction support; wind turbine installation and maintenance; precision gear manufacturing; and specialized transportation services. Its platform companies currently include Badger Transport, Inc., a specialty heavy hauler; Brad Foote Gear Works, Inc., a precision gearing systems manufacturer; Energy Maintenance Service, LLC, a wind energy operation and maintenance service provider; R.B.A. Inc., a heavy steel fabricator; and Tower Tech Systems Inc., a wind tower manufacturer. “

Separately, Cowen and Company assumed coverage on shares of Broadwind Energy in a research note on Tuesday, August 16th. They issued an “outperform” rating and a $6.00 price objective on the stock.

Broadwind Energy (NASDAQ:BWEN) opened at 4.15 on Friday. Broadwind Energy has a 12 month low of $1.67 and a 12 month high of $5.49. The company’s market cap is $61.83 million. The company has a 50-day moving average of $4.28 and a 200-day moving average of $4.33.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.10. The business had revenue of $43 million for the quarter, compared to the consensus estimate of $43.08 million. Broadwind Energy had a negative net margin of 6.33% and a negative return on equity of 14.33%. Broadwind Energy’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) earnings per share. Analysts predict that Broadwind Energy will post $0.03 EPS for the current year.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.

5 Day Chart for NASDAQ:BWEN

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