Broadwind Energy (NASDAQ:BWEN) Stock Price Target Lowered at Roth Capital

Broadwind Energy (NASDAQ:BWEN) had its price objective cut by investment analysts at Roth Capital from $6.50 to $5.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Capital‘s price target points to a potential upside of 115.42% from the company’s current price.

Several other analysts have also commented on BWEN. Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Broadwind Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Broadwind Energy Stock Performance

NASDAQ:BWEN traded down $0.20 during trading hours on Friday, reaching $2.32. The company had a trading volume of 127,946 shares, compared to its average volume of 491,396. The company has a current ratio of 2.72, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. Broadwind Energy has a 52 week low of $1.89 and a 52 week high of $5.70. The firm has a market cap of $54.91 million, a price-to-earnings ratio of 10.21 and a beta of 1.83. The firm’s 50 day moving average price is $3.64 and its 200-day moving average price is $3.49.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Thursday, November 12th. The industrial products company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The company had revenue of $22.25 million for the quarter, compared to analysts’ expectations of $23.88 million. Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. On average, analysts forecast that Broadwind Energy will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Broadwind Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its position in Broadwind Energy by 154.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock valued at $905,000 after buying an additional 263,825 shares during the period. Squarepoint Ops LLC purchased a new stake in Broadwind Energy during the second quarter valued at approximately $173,000. Dimensional Fund Advisors LP increased its holdings in Broadwind Energy by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock valued at $607,000 after buying an additional 26,546 shares during the last quarter. Aristides Capital LLC increased its holdings in Broadwind Energy by 13.1% during the first quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock valued at $301,000 after buying an additional 16,797 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Broadwind Energy by 123.0% in the first quarter. NewEdge Advisors LLC now owns 27,200 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 33.27% of the company’s stock.

About Broadwind Energy

Broadwind Energy, Inc. is a precision manufacturer that produces structures, equipment and components for the wind energy, clean technology and other industrial markets. The company provides engineered manufacturing solutions for customers that require large-scale fabrication, machining, assembly and related services. Broadwind’s product and service offerings include wind turbine towers, heavy fabrications, industrial equipment and precision gearing. Its manufacturing capabilities include welding, machining, gear manufacturing, assembly, engineering and supply-chain support.