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

Wall Street Zen downgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a sell rating in a report released on Tuesday morning.

Separately, Weiss Ratings upgraded Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Broadwind Energy has an average rating of “Hold” and an average price target of $6.00.

Broadwind Energy Stock Performance

Shares of Broadwind Energy stock opened at $3.97 on Tuesday. The business has a 50-day simple moving average of $4.39 and a 200 day simple moving average of $3.26. Broadwind Energy has a one year low of $1.88 and a one year high of $5.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 0.65. The firm has a market capitalization of $92.91 million, a price-to-earnings ratio of 18.05 and a beta of 1.74.

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

Institutional Trading of Broadwind Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Aristides Capital LLC bought a new stake in shares of Broadwind Energy in the 4th quarter worth $363,000. Macco Financial Group Inc. purchased a new position in Broadwind Energy during the fourth quarter worth about $59,000. Pekin Hardy Strauss Inc. boosted its holdings in Broadwind Energy by 41.5% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 75,000 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 22,000 shares during the last quarter. NewEdge Advisors LLC grew its position in Broadwind Energy by 123.0% in the 1st quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Broadwind Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 9,561 shares in the last quarter. 33.27% of the stock is owned by hedge funds and other institutional investors.

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.