Broadwind Energy, Inc. (NASDAQ:BWEN) Short Interest Up 22.2% in March

Broadwind Energy, Inc. (NASDAQ:BWEN) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 140,187 shares, an increase of 22.2% from the February 26th total of 114,678 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 187,734 shares, the short-interest ratio is presently 0.7 days.

Broadwind Energy Price Performance

NASDAQ:BWEN opened at $1.97 on Monday. Broadwind Energy has a 1 year low of $1.43 and a 1 year high of $4.15. The stock has a 50-day moving average price of $2.57 and a two-hundred day moving average price of $2.63. The stock has a market cap of $45.92 million, a price-to-earnings ratio of 8.95 and a beta of 1.46. The company has a current ratio of 2.03, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

Several brokerages have commented on BWEN. Wall Street Zen cut shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a report on Tuesday, February 10th. Finally, Weiss Ratings cut Broadwind Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.00.

Hedge Funds Weigh In On Broadwind Energy

A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Broadwind Energy in the first quarter valued at about $25,000. XTX Topco Ltd acquired a new stake in Broadwind Energy in the 2nd quarter valued at approximately $25,000. Virtu Financial LLC bought a new stake in Broadwind Energy in the 3rd quarter valued at approximately $31,000. Macco Financial Group Inc. acquired a new position in Broadwind Energy during the 4th quarter worth approximately $59,000. Finally, LPL Financial LLC grew its stake in shares of Broadwind Energy by 62.0% during the 4th quarter. LPL Financial LLC now owns 31,637 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 12,102 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

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.