FY2022 EPS Estimates for Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA) Lowered by DA Davidson

Infrastructure and Energy Alternatives, Inc. (NASDAQ:IEA – Get Rating) – Equities researchers at DA Davidson decreased their FY2022 earnings estimates for shares of Infrastructure and Energy Alternatives in a research report issued to clients and investors on Wednesday, May 11th. DA Davidson analyst B. Thielman now anticipates that the company will earn $0.84 per share for the year, down from their previous forecast of $0.88.

A number of other analysts have also recently commented on IEA. Sidoti began coverage on Infrastructure and Energy Alternatives in a research report on Friday, March 18th. They set a “buy” rating and a $17.00 price objective for the company. Zacks Investment Research cut Infrastructure and Energy Alternatives from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 15th.

Infrastructure and Energy Alternatives stock opened at $6.79 on Thursday. The stock has a market cap of $326.10 million, a PE ratio of -1.93 and a beta of 1.53. The company has a debt-to-equity ratio of 8.61, a quick ratio of 1.35 and a current ratio of 1.35. Infrastructure and Energy Alternatives has a one year low of $6.43 and a one year high of $14.45. The stock has a fifty day moving average of $11.62 and a 200 day moving average of $10.59.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its position in Infrastructure and Energy Alternatives by 109.9% during the first quarter. First Eagle Investment Management LLC now owns 174,443 shares of the company’s stock valued at $2,067,000 after purchasing an additional 91,343 shares during the period. Essex Investment Management Co. LLC increased its holdings in Infrastructure and Energy Alternatives by 22.3% during the 1st quarter. Essex Investment Management Co. LLC now owns 225,739 shares of the company’s stock worth $2,675,000 after purchasing an additional 41,177 shares during the period. Los Angeles Capital Management LLC increased its holdings in Infrastructure and Energy Alternatives by 558.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 194,656 shares of the company’s stock worth $2,307,000 after purchasing an additional 165,082 shares during the period. SummerHaven Investment Management LLC boosted its position in Infrastructure and Energy Alternatives by 4.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 74,831 shares of the company’s stock valued at $887,000 after acquiring an additional 3,339 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in Infrastructure and Energy Alternatives by 170.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,118 shares of the company’s stock valued at $60,000 after acquiring an additional 3,228 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

About Infrastructure and Energy Alternatives (Get Rating)

Infrastructure and Energy Alternatives, Inc, through its subsidiaries, operates as a diversified infrastructure construction company in the United States. The company engages in providing engineering, procurement, and construction (EPC) services for the renewable energy, traditional power, and civil infrastructure industries.

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