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

Broadwind Energy, Inc. (NASDAQ:BWEN) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 566,552 shares, a growth of 550.4% from the April 30th total of 87,111 shares. Based on an average daily trading volume, of 3,022,616 shares, the short-interest ratio is presently 0.2 days. Approximately 2.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Broadwind Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in shares of Broadwind Energy in the fourth quarter valued at about $796,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Broadwind Energy by 154.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after buying an additional 263,825 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Broadwind Energy during the 4th quarter worth about $363,000. Jane Street Group LLC grew its stake in Broadwind Energy by 821.0% in the 4th quarter. Jane Street Group LLC now owns 123,659 shares of the industrial products company’s stock valued at $350,000 after buying an additional 110,232 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in Broadwind Energy in the 4th quarter valued at about $275,000. 33.27% of the stock is owned by institutional investors.

Broadwind Energy Stock Performance

Broadwind Energy stock traded down $0.16 during midday trading on Friday, reaching $3.51. 359,693 shares of the company’s stock were exchanged, compared to its average volume of 1,934,369. The stock’s 50-day simple moving average is $2.67 and its 200 day simple moving average is $2.80. The firm has a market cap of $82.13 million, a price-to-earnings ratio of 15.96 and a beta of 1.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92. Broadwind Energy has a 52 week low of $1.63 and a 52 week high of $4.90.

Broadwind Energy (NASDAQ:BWEN) last released its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The company had revenue of $34.06 million during the quarter, compared to analysts’ expectations of $32.72 million. On average, analysts expect that Broadwind Energy will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on BWEN. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Broadwind Energy in a research note on Tuesday, February 10th. Weiss Ratings raised Broadwind Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

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.