Broadwind Energy (NASDAQ:BWEN) Receives Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Broadwind Energy (NASDAQ:BWEN) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $6.00 price objective on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. Wall Street Zen upgraded Broadwind Energy from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadwind Energy currently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Broadwind Energy Stock Down 0.8%

Shares of NASDAQ:BWEN opened at $2.38 on Tuesday. 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 52-week low of $1.41 and a 52-week high of $4.15. The business’s 50 day simple moving average is $3.19 and its two-hundred day simple moving average is $2.63. The firm has a market cap of $55.22 million, a P/E ratio of 10.82 and a beta of 1.39.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quinn Opportunity Partners LLC increased its position in Broadwind Energy by 0.8% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock valued at $909,000 after acquiring an additional 4,000 shares during the period. AMH Equity Ltd lifted its holdings in Broadwind Energy by 124.6% during the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock worth $585,000 after buying an additional 179,382 shares during the period. Geode Capital Management LLC grew its position in shares of Broadwind Energy by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock valued at $679,000 after buying an additional 4,332 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $475,000 after acquiring an additional 10,142 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Broadwind Energy by 10.1% in the third quarter. Bridgeway Capital Management LLC now owns 112,508 shares of the industrial products company’s stock valued at $236,000 after acquiring an additional 10,287 shares during the last quarter. Institutional investors 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.