Broadwind Energy (NASDAQ:BWEN) Upgraded at Wall Street Zen

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

A number of other equities research analysts have also issued reports on BWEN. Weiss Ratings raised Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Roth Capital reaffirmed a “buy” rating and set a $6.50 price target (up from $5.00) on shares of Broadwind Energy in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Broadwind Energy presently has an average rating of “Moderate Buy” and an average target price of $6.25.

Broadwind Energy Price Performance

BWEN stock opened at $5.27 on Friday. The stock has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $3.37. Broadwind Energy has a 1 year low of $1.88 and a 1 year high of $5.70. The stock has a market cap of $124.69 million, a PE ratio of 22.91 and a beta of 1.78. The company has a current ratio of 2.72, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Broadwind Energy by 8.1% during 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 during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Broadwind Energy by 123.0% in the 1st quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock valued at $57,000 after buying an additional 15,000 shares during the last quarter. Aristides Capital LLC grew its stake in shares of Broadwind Energy by 13.1% in the first quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock valued at $301,000 after buying an additional 16,797 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Broadwind Energy by 154.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock valued at $905,000 after buying an additional 263,825 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Broadwind Energy by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock valued at $607,000 after buying an additional 26,546 shares in the last quarter. 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.