Broadwind Energy (NASDAQ:BWEN) Rating Increased to Buy at Wall Street Zen

Broadwind Energy (NASDAQ:BWEN) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Broadwind Energy Stock Performance

NASDAQ BWEN opened at $3.67 on Friday. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $2.90 and a 200 day simple moving average of $2.46. Broadwind Energy has a 12-month low of $1.41 and a 12-month high of $3.85. The company has a market cap of $85.14 million, a P/E ratio of 16.68 and a beta of 1.37.

Broadwind Energy (NASDAQ:BWEN) last released its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $44.24 million for the quarter, compared to analyst estimates of $41.28 million. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. Sell-side analysts predict that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Broadwind Energy

A number of institutional investors and hedge funds have recently modified their holdings of BWEN. Goldman Sachs Group Inc. bought a new stake in Broadwind Energy during the first quarter worth $25,000. AMH Equity Ltd grew its stake in Broadwind Energy by 124.6% in the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 179,382 shares during the period. Quinn Opportunity Partners LLC increased its position in shares of Broadwind Energy by 0.8% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock valued at $909,000 after purchasing an additional 4,000 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Broadwind Energy during the 2nd quarter worth $25,000. Finally, Corsair Capital Management L.P. purchased a new position in shares of Broadwind Energy in the 2nd quarter worth about $30,000. 33.27% of the stock is owned by hedge funds and other institutional investors.

About Broadwind Energy

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.