Broadwind Energy, Inc. (NASDAQ:BWEN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Broadwind Energy is a precision manufacturer of structures, equipment & components for clean tech and other specialized applications. Their most significant presence is within the U.S. wind energy industry, although they have diversified into other industrial markets in order to improve their capacity utilization and reduce their exposure to uncertainty related to favorable governmental policies currently supporting the U.S. wind energy industry. Within the U.S. wind energy industry, they provide products primarily to wind turbine manufacturers. Outside of the wind energy market, they provide precision gearing and specialty weldments to a broad range of industrial customers for oil and gas, mining, steel and other industrial applications. “

BWEN has been the topic of several other reports. Cowen and Company set a $9.00 target price on Broadwind Energy and gave the company a “buy” rating in a research note on Tuesday, July 11th. Roth Capital assumed coverage on Broadwind Energy in a research note on Friday, June 30th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, ValuEngine lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Broadwind Energy presently has a consensus rating of “Hold” and a consensus target price of $6.58.

Broadwind Energy (BWEN) traded down 3.73% on Tuesday, hitting $3.61. The company had a trading volume of 96,217 shares. The stock has a 50 day moving average of $4.67 and a 200-day moving average of $5.70. Broadwind Energy has a one year low of $3.60 and a one year high of $9.80. The stock has a market capitalization of $54.28 million, a PE ratio of 8.20 and a beta of 1.53.

Broadwind Energy (NASDAQ:BWEN) last issued its earnings results on Tuesday, August 1st. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $43.40 million for the quarter, compared to analyst estimates of $43.17 million. Broadwind Energy had a return on equity of 3.27% and a net margin of 3.53%. The firm’s revenue was up .0% on a year-over-year basis. Equities analysts anticipate that Broadwind Energy will post $0.28 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of Broadwind Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 59,647 shares of the industrial products company’s stock valued at $301,000 after buying an additional 1,004 shares during the period. Dialectic Capital Management LP bought a new position in shares of Broadwind Energy during the first quarter valued at $137,000. Teza Capital Management LLC bought a new position in shares of Broadwind Energy during the first quarter valued at $140,000. PEAK6 Investments L.P. bought a new position in shares of Broadwind Energy during the first quarter valued at $150,000. Finally, KCG Holdings Inc. bought a new position in shares of Broadwind Energy during the first quarter valued at $154,000. Institutional investors own 59.59% of the company’s stock.

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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