Broadwind Energy, Inc. (NASDAQ:BWEN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report 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. “

Several other equities analysts also recently commented on the stock. Cowen and Company set a $9.00 price target on shares of Broadwind Energy and gave the company a “buy” rating in a report on Tuesday, July 11th. Roth Capital assumed coverage on shares of Broadwind Energy in a research report on Friday, June 30th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, ValuEngine cut shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.58.

Broadwind Energy (NASDAQ:BWEN) traded down 0.03% during mid-day trading on Tuesday, hitting $3.46. 29,707 shares of the stock were exchanged. Broadwind Energy has a 52 week low of $2.94 and a 52 week high of $9.80. The company’s 50-day moving average price is $3.44 and its 200 day moving average price is $5.39. The firm has a market capitalization of $52.02 million, a price-to-earnings ratio of 7.86 and a beta of 1.66.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $43.40 million for the quarter, compared to the consensus estimate of $43.17 million. Broadwind Energy had a net margin of 3.53% and a return on equity of 3.27%. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Broadwind Energy will post $0.13 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. AWM Investment Company Inc. purchased a new stake in Broadwind Energy in the 2nd quarter valued at about $7,270,000. Royal Bank of Canada boosted its position in Broadwind Energy by 151,677.6% in the 2nd quarter. Royal Bank of Canada now owns 148,742 shares of the industrial products company’s stock valued at $749,000 after buying an additional 148,644 shares during the period. Numeric Investors LLC boosted its position in Broadwind Energy by 60.3% in the 2nd quarter. Numeric Investors LLC now owns 818,074 shares of the industrial products company’s stock valued at $4,123,000 after buying an additional 307,687 shares during the period. Dimensional Fund Advisors LP boosted its position in Broadwind Energy by 222.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 353,955 shares of the industrial products company’s stock valued at $1,784,000 after buying an additional 244,298 shares during the period. Finally, Vanguard Group Inc. boosted its position in Broadwind Energy by 63.9% in the 2nd quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock valued at $2,969,000 after buying an additional 229,664 shares during the period. 54.49% of the stock is owned by 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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