Shares of Broadwind Energy Inc. (NASDAQ:BWEN) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $6.50 for the company and are anticipating that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 75 out of 265 based on the ratings given to related companies.

A number of research analysts have recently weighed in on BWEN shares. Cowen and Company set a $9.00 price objective on Broadwind Energy and gave the company a “buy” rating in a report on Tuesday, July 11th. Roth Capital started coverage on Broadwind Energy in a report on Friday, June 30th. They issued a “buy” rating and a $6.00 price objective on the stock. Zacks Investment Research raised Broadwind Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine lowered Broadwind Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

Several hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. acquired a new position in shares of Broadwind Energy in the second quarter valued at about $7,270,000. Renaissance Technologies LLC increased its holdings in shares of Broadwind Energy by 33.0% in the first quarter. Renaissance Technologies LLC now owns 831,190 shares of the industrial products company’s stock valued at $6,924,000 after purchasing an additional 206,200 shares during the period. Numeric Investors LLC increased its holdings in shares of Broadwind Energy by 60.3% in 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 period. Vanguard Group Inc. increased its holdings in shares of Broadwind Energy by 63.9% in the second quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock valued at $2,969,000 after purchasing an additional 229,664 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Broadwind Energy by 222.8% in 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 period. 54.28% of the stock is currently owned by institutional investors and hedge funds.

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Broadwind Energy (NASDAQ BWEN) traded up 7.69% during midday trading on Friday, hitting $2.94. The company’s stock had a trading volume of 66,932 shares. Broadwind Energy has a one year low of $2.70 and a one year high of $9.80. The company has a market cap of $44.21 million, a price-to-earnings ratio of 6.68 and a beta of 1.60. The company’s 50-day moving average is $3.28 and its 200 day moving average is $4.84.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates 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 negative return on equity of 3.69% and a negative net margin of 1.59%. Broadwind Energy’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that Broadwind Energy will post $0.12 EPS for the current year.

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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