Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $6.50 for the company and are anticipating that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 69 out of 265 based on the ratings given to its competitors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Roth Capital set a $5.00 price target on shares of Broadwind Energy and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company set a $9.00 price target on shares of Broadwind Energy and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

A number of institutional investors have recently made changes to their positions in the stock. AWM Investment Company Inc. bought a new stake in Broadwind Energy in the 2nd quarter valued at about $7,270,000. Royal Bank of Canada lifted its holdings in Broadwind Energy by 151,677.6% during the second quarter. Royal Bank of Canada now owns 148,742 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 148,644 shares during the last quarter. Numeric Investors LLC lifted its holdings in Broadwind Energy by 60.3% during the second quarter. Numeric Investors LLC now owns 818,074 shares of the industrial products company’s stock valued at $4,123,000 after purchasing an additional 307,687 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Broadwind Energy by 222.8% during the second quarter. Dimensional Fund Advisors LP now owns 353,955 shares of the industrial products company’s stock valued at $1,784,000 after purchasing an additional 244,298 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Broadwind Energy by 63.9% during the second quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock worth $2,969,000 after purchasing an additional 229,664 shares during the period. Institutional investors and hedge funds own 54.49% of the company’s stock.

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Broadwind Energy (BWEN) traded up 0.77% during mid-day trading on Wednesday, reaching $3.94. The company had a trading volume of 47,183 shares. The company has a market capitalization of $59.24 million, a price-to-earnings ratio of 8.95 and a beta of 1.60. Broadwind Energy has a 12-month low of $2.94 and a 12-month high of $9.80. The stock has a 50-day moving average of $3.31 and a 200 day moving average of $5.17.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The business had revenue of $43.40 million for the quarter, compared to analyst estimates of $43.17 million. Broadwind Energy had a net margin of 3.53% and a return on equity of 3.27%. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect that Broadwind Energy will post $0.12 EPS for the current year.

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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