Zacks: Brokerages Set $6.50 Price Target for Broadwind Energy, Inc. (BWEN)
Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective 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 assigned Broadwind Energy an industry rank of 62 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on BWEN. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. ValuEngine cut Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Roth Capital set a $5.00 price target on Broadwind Energy and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Cowen and Company reiterated an “outperform” rating and issued a $8.00 price target (down from $9.00) on shares of Broadwind Energy in a research report on Wednesday, August 2nd.
Broadwind Energy (BWEN) opened at 2.875 on Thursday. Broadwind Energy has a 12-month low of $2.70 and a 12-month high of $9.80. The firm has a market cap of $43.23 million, a P/E ratio of 6.534 and a beta of 1.60. The firm has a 50-day moving average of $3.24 and a 200-day moving average of $4.71.
Broadwind Energy (NASDAQ:BWEN) last announced its quarterly 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 firm had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $43.17 million. Broadwind Energy’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect that Broadwind Energy will post $0.13 EPS for the current year.
A number of large investors have recently made changes to their positions in BWEN. Dimensional Fund Advisors LP grew its position in Broadwind Energy by 110.3% in the first quarter. Dimensional Fund Advisors LP now owns 109,657 shares of the industrial products company’s stock valued at $913,000 after acquiring an additional 57,522 shares during the period. Renaissance Technologies LLC grew its position in 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 acquiring an additional 206,200 shares during the period. KCG Holdings Inc. bought a new stake in Broadwind Energy in the first quarter valued at $154,000. Goldman Sachs Group Inc. grew its position in Broadwind Energy by 27.9% in the first quarter. Goldman Sachs Group Inc. now owns 116,684 shares of the industrial products company’s stock valued at $972,000 after acquiring an additional 25,466 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in Broadwind Energy in the second quarter valued at $226,000. Hedge funds and other institutional investors own 54.28% 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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