Broadwind Energy Major Shareholder Unloads $415,350 in Stock (BWEN)
Broadwind Energy (NASDAQ:BWEN) major shareholder Jeffrey Et Al Gendell unloaded 45,000 shares of Broadwind Energy stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $9.23, for a total transaction of $415,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Separately, analysts at Macquarie raised their price target on shares of Broadwind Energy from $4.50 to $6.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock.
Shares of Broadwind Energy (NASDAQ:BWEN) traded down 1.74% during mid-day trading on Tuesday, hitting $9.60. 427,578 shares of the company’s stock traded hands. Broadwind Energy has a 52 week low of $2.00 and a 52 week high of $10.43. The stock’s 50-day moving average is $7.47 and its 200-day moving average is $5.35. The company’s market cap is $139.1 million.
Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Thursday, August 1st. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.06. The company had revenue of $51.36 million for the quarter, compared to the consensus estimate of $54.59 million. On average, analysts predict that Broadwind Energy will post $-0.51 earnings per share for the current fiscal year.
Broadwind Energy Inc (NASDAQ:BWEN) provides products and services to the United States wind energy industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.