Broadwind Energy (NASDAQ:BWEN) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a buy rating in a research report sent to investors on Saturday.

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

Broadwind Energy Trading Down 2.1%

NASDAQ:BWEN opened at $3.67 on Friday. The stock has a market cap of $85.15 million, a price-to-earnings ratio of 16.68 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 $3.85. The business has a fifty day moving average of $2.90 and a 200-day moving average of $2.46.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business 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%. Equities analysts predict that Broadwind Energy will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Broadwind Energy

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Broadwind Energy during the first quarter valued at $25,000. XTX Topco Ltd acquired a new stake in Broadwind Energy during the 2nd quarter worth about $25,000. Corsair Capital Management L.P. purchased a new stake in Broadwind Energy during the second quarter valued at about $30,000. Virtu Financial LLC purchased a new stake in Broadwind Energy during the third quarter valued at about $31,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Broadwind Energy in the third quarter worth about $111,000. 33.27% of the stock is currently owned by institutional investors and hedge funds.

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.