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

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. “

A number of other research firms also recently weighed in on BWEN. ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 3rd. Roth Capital assumed coverage on Broadwind Energy in a report on Friday, June 30th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Cowen and Company set a $9.00 target price on Broadwind Energy and gave the company a “buy” rating in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.58.

Shares of Broadwind Energy (NASDAQ:BWEN) traded down 2.15% during midday trading on Monday, reaching $3.18. The company had a trading volume of 95,599 shares. The stock has a market capitalization of $47.81 million, a PE ratio of 7.23 and a beta of 1.66. The company’s 50-day moving average is $3.41 and its 200-day moving average is $5.37. Broadwind Energy has a 1-year low of $2.94 and a 1-year high of $9.80.

Broadwind Energy (NASDAQ:BWEN) last posted its earnings results on Tuesday, August 1st. The industrial products company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). Broadwind Energy had a return on equity of 3.27% and a net margin of 3.53%. The company had revenue of $43.40 million for the quarter, compared to the consensus estimate of $43.17 million. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that Broadwind Energy will post $0.13 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of BWEN. JPMorgan Chase & Co. grew its position in shares of Broadwind Energy by 186.3% during the second quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 13,691 shares in the last quarter. Dialectic Capital Management LP purchased a new stake in shares of Broadwind Energy during the first quarter worth about $137,000. PEAK6 Investments L.P. purchased a new stake in shares of Broadwind Energy during the first quarter worth about $150,000. KCG Holdings Inc. purchased a new stake in shares of Broadwind Energy during the first quarter worth about $154,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Broadwind Energy during the first quarter worth about $197,000. Institutional investors and hedge funds own 54.49% of the company’s stock.

About Broadwind Energy

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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