Broadwind Energy, Inc. (NASDAQ:BWEN) Sees Significant Decrease in Short Interest

Broadwind Energy, Inc. (NASDAQ:BWEN) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 53,729 shares, a decline of 41.0% from the December 15th total of 91,105 shares. Based on an average trading volume of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 173,277 shares, the days-to-cover ratio is presently 0.3 days.

Broadwind Energy Price Performance

Shares of BWEN opened at $3.60 on Thursday. The stock has a market cap of $83.52 million, a PE ratio of 16.36 and a beta of 1.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97. Broadwind Energy has a fifty-two week low of $1.41 and a fifty-two week high of $4.15. The firm’s 50-day simple moving average is $3.00 and its two-hundred day simple moving average is $2.50.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $44.24 million during the quarter, compared to analyst estimates of $41.28 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.37%. Analysts anticipate that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Broadwind Energy

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new stake in shares of Broadwind Energy in the 1st quarter worth $25,000. XTX Topco Ltd bought a new stake in Broadwind Energy in the 2nd quarter worth about $25,000. Corsair Capital Management L.P. bought a new stake in Broadwind Energy in the 2nd quarter worth about $30,000. Virtu Financial LLC purchased a new position in Broadwind Energy in the 3rd quarter worth about $31,000. Finally, Pekin Hardy Strauss Inc. bought a new position in Broadwind Energy during the 3rd quarter valued at about $111,000. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BWEN shares. Wall Street Zen upgraded shares of Broadwind Energy from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadwind Energy has a consensus rating of “Moderate Buy” and an average price target of $4.50.

About Broadwind Energy

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.