Broadwind Energy (NASDAQ:BWEN) Given New $5.00 Price Target at Roth Capital

Broadwind Energy (NASDAQ:BWEN) had its price target reduced by Roth Capital from $6.50 to $5.00 in a research report released on Friday morning,Benzinga reports. Roth Capital currently has a buy rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Broadwind Energy Price Performance

Shares of BWEN stock opened at $2.37 on Friday. The company has a market capitalization of $56.07 million, a PE ratio of -12.47 and a beta of 1.83. The firm has a fifty day simple moving average of $3.61 and a 200-day simple moving average of $3.49. 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 has a twelve month low of $1.89 and a twelve month high of $5.70.

Broadwind Energy (NASDAQ:BWEN) last released its quarterly earnings results on Thursday, November 12th. The industrial products company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Broadwind Energy had a negative net margin of 3.71% and a negative return on equity of 4.53%. The firm had revenue of $22.25 million for the quarter, compared to analyst estimates of $23.88 million. Equities research analysts anticipate that Broadwind Energy will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Broadwind Energy by 154.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock valued at $905,000 after acquiring an additional 263,825 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Broadwind Energy by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock worth $607,000 after purchasing an additional 26,546 shares during the last quarter. Aristides Capital LLC lifted its stake in Broadwind Energy by 13.1% during the first quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 16,797 shares during the last quarter. Empowered Funds LLC lifted its stake in Broadwind Energy by 8.1% during the first 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. Finally, Squarepoint Ops LLC bought a new position in Broadwind Energy during the second quarter worth $173,000. Institutional investors own 33.27% of the company’s stock.

Trending Headlines about Broadwind Energy

These are some of the BWEN headlines that stood out recently:

• Positive Sentiment: Roth Capital lowered its price target to $5 from $6.50 but maintained a Buy rating, indicating the firm still sees potential upside. Roth Capital rating information
• Neutral Sentiment: Dresner Partners said it advised MCM Acquisition Company on its sale to Broadwind. The report provides no transaction details or expected financial contribution, so the impact is unclear. Dresner Partners Advised MCM on Its Sale to Broadwind
• Negative Sentiment: Broadwind reported a quarterly loss, and one earnings report showed a larger-than-expected loss per share. Revenue of $22.25 million also came in below the $23.88 million analyst estimate. A separate report gave a different loss-per-share figure and said it matched consensus, but both accounts indicate the company was unprofitable for the quarter. Broadwind third-quarter earnings

About Broadwind Energy

Broadwind Energy, now known as Broadwind, Inc., is a U.S. manufacturer of precision components, equipment and structures for energy and other industrial markets. Its products and services include wind towers and other heavy fabrications, precision gears and gearboxes, and industrial solutions such as custom equipment and technical services. The company serves customers in sectors including wind energy, oil and gas, mining and infrastructure. Broadwind began as a supplier to the wind energy industry and has expanded its manufacturing capabilities to serve a broader range of specialized industrial applications.