Broadwind Energy (NASDAQ:BWEN) Raised to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings raised shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Trading Up 1.2%

NASDAQ BWEN opened at $4.18 on Friday. Broadwind Energy has a one year low of $1.73 and a one year high of $4.90. The company’s 50 day moving average price is $3.06 and its 200 day moving average price is $2.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92. The firm has a market capitalization of $97.81 million, a price-to-earnings ratio of 19.00 and a beta of 1.80.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.05. The company had revenue of $34.06 million for the quarter, compared to analyst estimates of $32.72 million. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. On average, sell-side analysts predict that Broadwind Energy will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Broadwind Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of Broadwind Energy during the first quarter valued at about $25,000. XTX Topco Ltd bought a new stake in shares of Broadwind Energy during the second quarter valued at about $25,000. Virtu Financial LLC bought a new stake in shares of Broadwind Energy during the third quarter valued at about $31,000. Apollon Wealth Management LLC bought a new stake in shares of Broadwind Energy during the first quarter valued at about $56,000. Finally, James Investment Research Inc. raised its stake in shares of Broadwind Energy by 124.0% during the first quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 33.27% of the company’s stock.

Broadwind Energy Company Profile

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.