Broadwind Energy (NASDAQ:BWEN) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research note on Thursday, August 27th. Roth Capital reissued a “buy” rating and issued a $6.50 target price (up from $5.00) on shares of Broadwind Energy in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.25.

Broadwind Energy Price Performance

BWEN stock opened at $4.15 on Friday. The stock’s 50 day moving average is $4.59 and its two-hundred day moving average is $3.53. Broadwind Energy has a 52-week low of $1.88 and a 52-week high of $5.70. The company has a market capitalization of $98.19 million, a PE ratio of 18.04 and a beta of 1.82. The company has a quick ratio of 1.73, a current ratio of 2.72 and a debt-to-equity ratio of 0.07.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $8.19 million for the quarter, compared to analysts’ expectations of $34.97 million. Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. Analysts predict that Broadwind Energy will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadwind Energy

A number of institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Broadwind Energy during the 4th quarter valued at approximately $796,000. Arrowstreet Capital Limited Partnership lifted its stake in Broadwind Energy by 154.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after purchasing an additional 263,825 shares during the last quarter. Aristides Capital LLC acquired a new position in Broadwind Energy in the fourth quarter worth $363,000. Jane Street Group LLC boosted its holdings in Broadwind Energy by 821.0% in the fourth quarter. Jane Street Group LLC now owns 123,659 shares of the industrial products company’s stock worth $350,000 after purchasing an additional 110,232 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Broadwind Energy during the fourth quarter valued at $275,000. 33.27% of the stock is currently owned by institutional investors.

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.