Broadwind Energy (NASDAQ:BWEN) Rating Lowered to “Sell” at Wall Street Zen

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

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Broadwind Energy in a research note on Thursday, August 27th. Roth Capital reaffirmed a “buy” rating and set a $6.50 price objective (up from $5.00) on shares of Broadwind Energy in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Broadwind Energy Price Performance

Shares of Broadwind Energy stock opened at $4.15 on Friday. The stock has a market capitalization of $98.19 million, a P/E ratio of 18.04 and a beta of 1.82. The business has a 50 day simple moving average of $4.59 and a two-hundred day simple moving average of $3.54. Broadwind Energy has a 12 month low of $1.88 and a 12 month high of $5.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.72 and a quick ratio of 1.73.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. The firm had revenue of $8.19 million during the quarter, compared to analyst estimates of $34.97 million. As a group, analysts predict that Broadwind Energy will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Broadwind Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake 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 period. Bridgeway Capital Management LLC raised its position in shares of Broadwind Energy by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,903 shares during the period. Mariner LLC raised its position in shares of Broadwind Energy by 17.1% during the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock valued at $102,000 after buying an additional 5,268 shares during the period. State Street Corp lifted its holdings in Broadwind Energy by 7.8% in the fourth quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Broadwind Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 9,561 shares during the last quarter. 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.