Broadwind Energy (NASDAQ:BWEN) Cut to Sell at Wall Street Zen

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

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. HC Wainwright reissued a “buy” rating and issued a $6.00 target price on shares of Broadwind Energy in a report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Broadwind Energy presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Broadwind Energy Price Performance

Broadwind Energy stock opened at $2.20 on Friday. The firm has a market cap of $51.04 million, a PE ratio of 10.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.03 and a quick ratio of 0.70. The stock’s fifty day moving average price is $2.85 and its two-hundred day moving average price is $2.63. Broadwind Energy has a one year low of $1.41 and a one year high of $4.15.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Wednesday, March 11th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $37.74 million for the quarter, compared to the consensus estimate of $36.18 million. Broadwind Energy had a net margin of 3.32% and a negative return on equity of 1.91%. As a group, research analysts expect that Broadwind Energy will post 0.01 EPS for the current fiscal year.

Institutional Trading of Broadwind Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP bought a new position in Broadwind Energy in the fourth quarter valued at about $796,000. Dimensional Fund Advisors LP raised its stake in Broadwind Energy by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 265,255 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 39,244 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Broadwind Energy by 1.8% in the fourth 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. Renaissance Technologies LLC lifted its holdings in shares of Broadwind Energy by 40.6% in the fourth quarter. Renaissance Technologies LLC now owns 203,932 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 58,932 shares during the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of Broadwind Energy in the 4th quarter valued at approximately $363,000. 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.