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

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

Several other brokerages have also issued reports on BWEN. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Broadwind Energy presently has an average rating of “Hold” and an average price target of $6.00.

Broadwind Energy Stock Down 2.2%

Shares of NASDAQ:BWEN opened at $2.19 on Friday. The company has a 50 day moving average price of $2.87 and a two-hundred day moving average price of $2.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97. The company has a market capitalization of $50.81 million, a PE ratio of 9.95 and a beta of 1.45. Broadwind Energy has a 52 week low of $1.41 and a 52 week high of $4.15.

Broadwind Energy (NASDAQ:BWEN) last posted its earnings results on Wednesday, March 11th. The industrial products company reported ($0.04) earnings per share (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 1.94%. Analysts forecast that Broadwind Energy will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Broadwind Energy

A number of large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Broadwind Energy in the second quarter valued at approximately $25,000. Virtu Financial LLC bought a new stake in shares of Broadwind Energy in the third quarter worth $31,000. Corsair Capital Management L.P. acquired a new position in Broadwind Energy during the second quarter worth $30,000. Goldman Sachs Group Inc. acquired a new position in Broadwind Energy during the first quarter worth $25,000. Finally, Macco Financial Group Inc. bought a new position in Broadwind Energy in the fourth quarter valued at $59,000. 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.