Broadwind Energy (NASDAQ:BWEN) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Broadwind Energy in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Broadwind Energy Trading Up 0.9%

NASDAQ BWEN opened at $2.20 on Friday. Broadwind Energy has a 12-month low of $1.41 and a 12-month high of $4.15. The company has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $2.63. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The stock has a market cap of $51.04 million, a P/E ratio of 10.00 and a beta of 1.39.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $44.24 million for the quarter, compared to the consensus estimate of $41.28 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.37%. On average, analysts forecast that Broadwind Energy will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BWEN. Goldman Sachs Group Inc. acquired a new stake in shares of Broadwind Energy during the 1st quarter worth approximately $25,000. AMH Equity Ltd boosted its holdings in Broadwind Energy by 124.6% during the second quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock worth $585,000 after buying an additional 179,382 shares in the last quarter. Quinn Opportunity Partners LLC grew its position in Broadwind Energy by 0.8% during the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock valued at $909,000 after buying an additional 4,000 shares during the period. XTX Topco Ltd purchased a new position in Broadwind Energy in the second quarter valued at $25,000. Finally, Corsair Capital Management L.P. acquired a new position in shares of Broadwind Energy in the second quarter worth about $30,000. 33.27% of the stock is owned by institutional investors and hedge funds.

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.