Broadwind Energy (NASDAQ:BWEN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Broadwind Energy (NASDAQ:BWEN) from a buy rating to a hold rating in a report released on Friday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.50.

Broadwind Energy Stock Down 3.6%

Shares of NASDAQ BWEN opened at $3.23 on Friday. The firm has a market cap of $74.94 million, a P/E ratio of 14.68 and a beta of 1.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97. Broadwind Energy has a 1 year low of $1.41 and a 1 year high of $4.15. The firm’s 50 day moving average price is $3.18 and its 200 day moving average price is $2.58.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $44.24 million during the quarter, compared to the consensus estimate of $41.28 million. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. As a group, sell-side analysts anticipate that Broadwind Energy will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Broadwind Energy

Several hedge funds and other institutional investors have recently modified their holdings of BWEN. Quinn Opportunity Partners LLC lifted its position in Broadwind Energy by 0.8% in the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock worth $909,000 after purchasing an additional 4,000 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Broadwind Energy by 5.0% during the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,903 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Broadwind Energy by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 10,142 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Broadwind Energy in the 2nd quarter valued at $25,000. Finally, Virtu Financial LLC purchased a new position in Broadwind Energy in the 3rd quarter worth about $31,000. 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.