Wall Street Zen Upgrades Broadwind Energy (NASDAQ:BWEN) to “Buy”

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

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

Broadwind Energy Price Performance

BWEN stock opened at $2.20 on Friday. The stock’s 50 day moving average price is $3.21 and its 200 day moving average price is $2.63. The firm has a market cap of $51.04 million, a P/E ratio of 10.00 and a beta of 1.39. 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.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $44.24 million for the quarter, compared to the consensus estimate of $41.28 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.37%. On average, sell-side analysts expect that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Broadwind Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Broadwind Energy in the second quarter valued at $25,000. Virtu Financial LLC purchased a new position in shares of Broadwind Energy in the 3rd quarter worth about $31,000. Corsair Capital Management L.P. purchased a new position in shares of Broadwind Energy in the 2nd quarter worth about $30,000. Goldman Sachs Group Inc. acquired a new position in shares of Broadwind Energy in the 1st quarter valued at about $25,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Broadwind Energy during the 3rd quarter worth about $111,000. 33.27% of the stock is currently 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.