ValuEngine Lowers Broadwind Energy, Inc. (BWEN) to Sell
ValuEngine lowered shares of Broadwind Energy, Inc. (NASDAQ:BWEN) from a hold rating to a sell rating in a report released on Friday morning.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Broadwind Energy from a buy rating to a hold rating in a research note on Tuesday, May 16th. Cowen and Company set a $9.00 price objective on shares of Broadwind Energy and gave the company a buy rating in a research note on Tuesday, July 11th. Finally, Roth Capital started coverage on shares of Broadwind Energy in a research note on Friday, June 30th. They issued a buy rating and a $6.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $6.58.
Broadwind Energy (BWEN) traded up 5.26% during midday trading on Friday, reaching $3.60. 50,354 shares of the company’s stock traded hands. Broadwind Energy has a 1-year low of $2.94 and a 1-year high of $9.80. The stock’s 50 day moving average price is $3.79 and its 200 day moving average price is $5.52. The firm has a market cap of $54.13 million, a price-to-earnings ratio of 8.18 and a beta of 1.66.
Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.05) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.05). Broadwind Energy had a net margin of 3.53% and a return on equity of 3.27%. The company had revenue of $43.40 million for the quarter, compared to analyst estimates of $43.17 million. Broadwind Energy’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts anticipate that Broadwind Energy will post $0.13 EPS for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWEN. AWM Investment Company Inc. acquired a new position in Broadwind Energy during the second quarter worth $7,270,000. Numeric Investors LLC raised its holdings in Broadwind Energy by 60.3% during the second quarter. Numeric Investors LLC now owns 818,074 shares of the industrial products company’s stock worth $4,123,000 after buying an additional 307,687 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Broadwind Energy by 222.8% during the second quarter. Dimensional Fund Advisors LP now owns 353,955 shares of the industrial products company’s stock worth $1,784,000 after buying an additional 244,298 shares during the last quarter. Vanguard Group Inc. raised its holdings in Broadwind Energy by 63.9% during the second quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock worth $2,969,000 after buying an additional 229,664 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Broadwind Energy by 33.0% during the first quarter. Renaissance Technologies LLC now owns 831,190 shares of the industrial products company’s stock worth $6,924,000 after buying an additional 206,200 shares during the last quarter. Hedge funds and other institutional investors own 54.60% of the company’s stock.
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.
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