Broadwind Energy (NASDAQ:BWEN) Raised to “Hold” at Wall Street Zen

Broadwind Energy (NASDAQ:BWEN) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

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

Broadwind Energy Stock Up 6.3%

Shares of NASDAQ BWEN opened at $5.09 on Monday. The firm has a market cap of $119.11 million, a PE ratio of 23.14 and a beta of 1.74. Broadwind Energy has a 12-month low of $1.88 and a 12-month high of $5.40. The company’s fifty day simple moving average is $4.30 and its 200 day simple moving average is $3.20. The company has a quick ratio of 0.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.11.

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

Institutional Trading of Broadwind Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new position in shares of Broadwind Energy during the first quarter valued at about $25,000. XTX Topco Ltd purchased a new stake in Broadwind Energy in the second quarter worth $25,000. Bridgeway Capital Management LLC increased its position in Broadwind Energy by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock worth $185,000 after buying an additional 4,903 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Broadwind Energy by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after buying an additional 10,142 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Broadwind Energy in the third quarter valued at $31,000. Institutional investors own 33.27% of the company’s stock.

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.