Broadwind Energy (BWEN) Stock Rating Lowered by Zacks Investment Research

Broadwind Energy (NASDAQ:BWEN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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 equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Broadwind Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Roth Capital set a $5.00 target price on shares of Broadwind Energy and gave the company a “buy” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Broadwind Energy presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Shares of Broadwind Energy (NASDAQ:BWEN) traded down $0.12 during mid-day trading on Monday, hitting $2.30. 91,547 shares of the stock were exchanged, compared to its average volume of 45,127. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.43 and a current ratio of 0.99. The company has a market cap of $36.65, a PE ratio of 9.58 and a beta of 1.34. Broadwind Energy has a 12 month low of $2.28 and a 12 month high of $9.80.

A number of institutional investors have recently added to or reduced their stakes in the business. Grace & White Inc. NY raised its holdings in Broadwind Energy by 38.9% in the 4th quarter. Grace & White Inc. NY now owns 1,294,689 shares of the industrial products company’s stock valued at $3,522,000 after acquiring an additional 362,612 shares during the period. National Planning Corp bought a new position in Broadwind Energy in the 3rd quarter valued at about $436,000. Dimensional Fund Advisors LP raised its holdings in Broadwind Energy by 16.3% in 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 acquiring an additional 57,813 shares during the period. Macquarie Group Ltd. bought a new position in Broadwind Energy in the 3rd quarter valued at about $166,000. Finally, AWM Investment Company Inc. bought a new position in Broadwind Energy in the 2nd quarter valued at about $7,270,000. 55.41% of the stock is currently owned by hedge funds and other institutional investors.

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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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