Several other research firms have also issued reports on BWEN. Cowen and Company set a $9.00 price target on shares of Broadwind Energy and gave the stock a buy rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Broadwind Energy from a sell rating to a hold rating in a research report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Broadwind Energy from a hold rating to a sell rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $6.50.
Shares of Broadwind Energy (NASDAQ BWEN) opened at $2.67 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.56 and a current ratio of 0.99.
Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $29.60 million for the quarter, compared to analyst estimates of $29.84 million. Broadwind Energy had a net margin of 2.05% and a negative return on equity of 1.31%. The firm’s quarterly revenue was down 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. equities research analysts predict that Broadwind Energy will post -0.07 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. AWM Investment Company Inc. acquired a new position in Broadwind Energy in the 2nd quarter worth approximately $7,270,000. Municipal Employees Retirement System of Michigan acquired a new position in Broadwind Energy in the 2nd quarter worth approximately $303,000. Renaissance Technologies LLC boosted its stake in Broadwind Energy by 33.0% in the 1st quarter. Renaissance Technologies LLC now owns 831,190 shares of the industrial products company’s stock worth $6,924,000 after purchasing an additional 206,200 shares during the period. KCG Holdings Inc. acquired a new position in Broadwind Energy in the 1st quarter worth approximately $154,000. Finally, Goldman Sachs Group Inc. boosted its stake in Broadwind Energy by 27.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 116,684 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 25,466 shares during the period. 54.15% of the stock is owned by hedge funds and other institutional investors.
Broadwind Energy Company Profile
Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.
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