Brokerages Expect Broadwind Energy, Inc. (BWEN) to Post ($0.16) EPS
Broadwind Energy, Inc. (NASDAQ:BWEN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $6.50 for the company and are expecting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 84 out of 265 based on the ratings given to related companies.
Several brokerages have recently issued reports on BWEN. Roth Capital set a $5.00 price objective on Broadwind Energy and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Cowen and Company set a $9.00 price objective on Broadwind Energy and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, ValuEngine cut Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.
Broadwind Energy (BWEN) traded up 2.88% during midday trading on Thursday, hitting $3.22. The company’s stock had a trading volume of 27,329 shares. Broadwind Energy has a one year low of $2.94 and a one year high of $9.80. The company has a market cap of $48.42 million, a price-to-earnings ratio of 7.32 and a beta of 1.60. The company’s 50-day moving average is $3.35 and its 200 day moving average is $5.05.
Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Broadwind Energy had a return on equity of 3.27% and a net margin of 3.53%. The firm had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $43.17 million. Broadwind Energy’s revenue was up .0% on a year-over-year basis. On average, analysts predict that Broadwind Energy will post $0.12 EPS for the current year.
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Several large investors have recently made changes to their positions in BWEN. AWM Investment Company Inc. purchased a new position in shares of Broadwind Energy in the second quarter worth about $7,270,000. Numeric Investors LLC raised its stake in shares of Broadwind Energy by 60.3% in the second quarter. Numeric Investors LLC now owns 818,074 shares of the industrial products company’s stock worth $4,123,000 after purchasing an additional 307,687 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Broadwind Energy by 222.8% in the second quarter. Dimensional Fund Advisors LP now owns 353,955 shares of the industrial products company’s stock worth $1,784,000 after purchasing an additional 244,298 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Broadwind Energy by 63.9% in the second quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock worth $2,969,000 after purchasing an additional 229,664 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Broadwind Energy by 33.0% in the first quarter. Renaissance Technologies LLC now owns 831,190 shares of the industrial products company’s stock worth $6,924,000 after purchasing an additional 206,200 shares during the last quarter. Hedge funds and other institutional investors own 54.28% of the company’s stock.
About Broadwind Energy
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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