Broadwind Energy (NASDAQ:BWEN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Broadwind Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Broadwind Energy Price Performance

BWEN stock opened at $2.40 on Friday. The firm has a 50 day moving average of $3.20 and a 200-day moving average of $2.63. The firm has a market capitalization of $55.68 million, a P/E ratio of 10.91 and a beta of 1.39. Broadwind Energy has a 12 month low of $1.41 and a 12 month high of $4.15. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12.

Broadwind Energy (NASDAQ:BWEN) last posted its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $44.24 million for the quarter, compared to analysts’ expectations of $41.28 million. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. As a group, sell-side analysts predict that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadwind Energy

Several hedge funds have recently added to or reduced their stakes in BWEN. AMH Equity Ltd raised its holdings in shares of Broadwind Energy by 124.6% during the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock valued at $585,000 after buying an additional 179,382 shares in the last quarter. Corsair Capital Management L.P. bought a new position in Broadwind Energy during the second quarter valued at approximately $30,000. XTX Topco Ltd bought a new position in Broadwind Energy during the second quarter valued at approximately $25,000. Quinn Opportunity Partners LLC raised its stake in shares of Broadwind Energy by 0.8% during the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock worth $909,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Broadwind Energy by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock worth $679,000 after acquiring an additional 4,332 shares during the last quarter. Institutional investors own 33.27% of the company’s stock.

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.