Broadwind Energy Inc. (NASDAQ:BWEN) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $2.75 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 145 out of 256 based on the ratings given to its competitors.

A number of research firms recently commented on BWEN. Zacks Investment Research lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. ValuEngine lowered Broadwind Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Roth Capital increased their price objective on Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a research note on Monday, April 29th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC purchased a new position in Broadwind Energy during the second quarter worth about $417,000. Vanguard Group Inc. lifted its position in Broadwind Energy by 41.9% during the second quarter. Vanguard Group Inc. now owns 540,684 shares of the industrial products company’s stock worth $1,200,000 after buying an additional 159,647 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Broadwind Energy by 69.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,270 shares of the industrial products company’s stock worth $43,000 after buying an additional 7,900 shares during the period. 36.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of BWEN traded up $0.01 during trading hours on Thursday, reaching $1.63. 40,340 shares of the company traded hands, compared to its average volume of 38,201. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.32. The company has a market cap of $26.02 million, a PE ratio of -1.92 and a beta of 1.88. Broadwind Energy has a fifty-two week low of $1.15 and a fifty-two week high of $2.59. The company’s fifty day moving average price is $2.08.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $41.17 million for the quarter, compared to analyst estimates of $41.50 million. Broadwind Energy had a negative return on equity of 19.96% and a negative net margin of 10.78%. On average, equities analysts forecast that Broadwind Energy will post -0.21 EPS for the current fiscal year.

Broadwind Energy Company Profile

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.

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