Wall Street Zen Upgrades Broadwind Energy (NASDAQ:BWEN) to Hold

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

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

Broadwind Energy Stock Performance

Shares of Broadwind Energy stock opened at $4.82 on Monday. The firm has a fifty day moving average of $4.23 and a two-hundred day moving average of $3.17. The stock has a market capitalization of $112.79 million, a price-to-earnings ratio of 21.91 and a beta of 1.74. Broadwind Energy has a 52 week low of $1.88 and a 52 week high of $5.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 1.92.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in shares of Broadwind Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after acquiring an additional 9,561 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Broadwind Energy by 123.0% in the 1st quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 15,000 shares during the period. Aristides Capital LLC increased its holdings in Broadwind Energy by 13.1% during the 1st quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 16,797 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Broadwind Energy by 154.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after purchasing an additional 263,825 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Broadwind Energy by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 26,546 shares during the period. 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.