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

Brokerages have set a 12 month consensus target price of $5.50 for the company and are expecting that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 53 out of 265 based on the ratings given to its competitors.

A number of brokerages have issued reports on BWEN. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. ValuEngine cut Broadwind Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Roth Capital set a $5.00 target price on Broadwind Energy and gave the stock a “buy” rating in a report on Tuesday, October 31st.

A number of institutional investors and hedge funds have recently modified their holdings of the business. AWM Investment Company Inc. bought a new position in shares of Broadwind Energy during the 2nd quarter valued at about $7,270,000. Grace & White Inc. NY lifted its holdings in shares of Broadwind Energy by 31.9% during the 3rd quarter. Grace & White Inc. NY now owns 932,077 shares of the industrial products company’s stock valued at $3,020,000 after purchasing an additional 225,564 shares in the last quarter. Numeric Investors LLC lifted its holdings in shares of Broadwind Energy by 60.3% during the 2nd 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Broadwind Energy by 63.9% during the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Broadwind Energy by 16.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 411,768 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 57,813 shares in the last quarter. Hedge funds and other institutional investors own 52.96% of the company’s stock.

Broadwind Energy (NASDAQ:BWEN) remained flat at $$2.40 during trading on Friday. 59,364 shares of the stock were exchanged, compared to its average volume of 97,456. Broadwind Energy has a 52-week low of $2.34 and a 52-week high of $9.80. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The business had revenue of $29.60 million for the quarter, compared to analysts’ expectations of $29.84 million. Broadwind Energy had a negative return on equity of 1.31% and a net margin of 2.05%. The firm’s quarterly revenue was down 30.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. equities analysts forecast that Broadwind Energy will post -0.07 EPS for the current year.

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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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