Broadwind Energy (NASDAQ:BWEN) Cut to “Sell” at Wall Street Zen

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

Several other analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Roth Capital reaffirmed a “buy” rating and issued a $6.50 target price (up from $5.00) on shares of Broadwind Energy in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Broadwind Energy has a consensus rating of “Moderate Buy” and an average price target of $6.25.

Broadwind Energy Stock Performance

NASDAQ BWEN opened at $4.15 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.72 and a debt-to-equity ratio of 0.07. Broadwind Energy has a 52-week low of $1.88 and a 52-week high of $5.70. The stock has a market capitalization of $98.19 million, a P/E ratio of 18.04 and a beta of 1.82. The firm has a 50-day moving average price of $4.58 and a 200 day moving average price of $3.55.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Broadwind Energy by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock valued at $679,000 after buying an additional 4,332 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of Broadwind Energy by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 4,903 shares during the period. Mariner LLC grew its holdings in shares of Broadwind Energy by 17.1% during the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 5,268 shares during the period. State Street Corp increased its position in Broadwind Energy by 7.8% during the 4th quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Empowered Funds LLC increased its position in 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 in the last quarter. 33.27% of the stock is currently 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.