Broadwind Energy, Inc. (NASDAQ:BWEN) Short Interest Update

Broadwind Energy, Inc. (NASDAQ:BWEN) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 140,187 shares, an increase of 22.2% from the February 26th total of 114,678 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 187,734 shares, the short-interest ratio is presently 0.7 days.

Broadwind Energy Trading Up 1.9%

Shares of NASDAQ:BWEN traded up $0.04 during midday trading on Wednesday, hitting $2.12. The company had a trading volume of 106,284 shares, compared to its average volume of 224,118. The company has a current ratio of 2.03, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. Broadwind Energy has a 12 month low of $1.45 and a 12 month high of $4.15. The firm has a fifty day simple moving average of $2.50 and a 200 day simple moving average of $2.63. The stock has a market cap of $49.42 million, a price-to-earnings ratio of 9.64 and a beta of 1.46.

Broadwind Energy (NASDAQ:BWEN) last released its quarterly earnings data on Wednesday, March 11th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Broadwind Energy had a net margin of 3.32% and a negative return on equity of 1.91%. The company had revenue of $37.74 million during the quarter, compared to the consensus estimate of $36.18 million. On average, analysts predict that Broadwind Energy will post 0.01 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Broadwind Energy in a research report on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of Broadwind Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Broadwind Energy has a consensus rating of “Hold” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BWEN. XTX Topco Ltd acquired a new position in Broadwind Energy during the second quarter valued at approximately $25,000. Virtu Financial LLC bought a new position in shares of Broadwind Energy during the third quarter worth $31,000. Goldman Sachs Group Inc. bought a new position in shares of Broadwind Energy during the first quarter worth $25,000. Macco Financial Group Inc. acquired a new position in shares of Broadwind Energy in the 4th quarter valued at $59,000. Finally, LPL Financial LLC increased its position in shares of Broadwind Energy by 62.0% in the 4th quarter. LPL Financial LLC now owns 31,637 shares of the industrial products company’s stock valued at $90,000 after buying an additional 12,102 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

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.