Broadwind Energy (NASDAQ:BWEN) Stock Rating Upgraded by Wall Street Zen

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

A number of other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Broadwind Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 25th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Broadwind Energy in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.00.

Broadwind Energy Stock Up 0.5%

BWEN stock opened at $2.12 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. Broadwind Energy has a twelve month low of $1.45 and a twelve month high of $4.15. The company’s 50 day moving average is $2.31 and its two-hundred day moving average is $2.62. The stock has a market cap of $49.42 million, a P/E ratio of 9.64 and a beta of 1.54.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Wednesday, March 11th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $37.74 million during the quarter, compared to analyst estimates of $36.18 million. Broadwind Energy had a net margin of 3.32% and a negative return on equity of 1.91%. Research analysts expect that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Broadwind Energy

A number of institutional investors have recently modified their holdings of BWEN. Bridgeway Capital Management LLC grew its position in Broadwind Energy by 5.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,903 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Broadwind Energy in the 4th quarter valued at $170,000. XTX Topco Ltd grew its position in Broadwind Energy by 88.3% in the 4th quarter. XTX Topco Ltd now owns 52,577 shares of the industrial products company’s stock valued at $149,000 after buying an additional 24,652 shares during the last quarter. Corsair Capital Management L.P. grew its position in Broadwind Energy by 400.0% in the 4th quarter. Corsair Capital Management L.P. now owns 50,000 shares of the industrial products company’s stock valued at $142,000 after buying an additional 40,000 shares during the last quarter. Finally, Mariner LLC grew its position in Broadwind Energy by 17.1% in the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock valued at $102,000 after buying an additional 5,268 shares during the last quarter. 33.27% of the stock is owned by institutional investors and hedge funds.

About Broadwind Energy

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.