HC Wainwright Reiterates “Buy” Rating for Broadwind Energy (NASDAQ:BWEN)

Broadwind Energy (NASDAQ:BWEN)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $6.00 target price on the industrial products company’s stock. HC Wainwright’s price target suggests a potential upside of 150.52% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Wall Street Zen raised Broadwind Energy from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Broadwind Energy Trading Down 0.2%

BWEN stock traded down $0.01 during mid-day trading on Tuesday, reaching $2.40. The company’s stock had a trading volume of 110,769 shares, compared to its average volume of 329,747. The business’s 50 day moving average price is $3.20 and its 200 day moving average price is $2.63. The company has a market cap of $55.56 million, a price-to-earnings ratio of 10.96 and a beta of 1.39. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. Broadwind Energy has a 12 month low of $1.41 and a 12 month high of $4.15.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.37%.The firm had revenue of $44.24 million during the quarter, compared to analysts’ expectations of $41.28 million. On average, equities research analysts predict that Broadwind Energy will post 0.01 EPS for the current year.

Institutional Trading of Broadwind Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. AMH Equity Ltd raised its position in shares of Broadwind Energy by 124.6% during the 2nd quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock valued at $585,000 after buying an additional 179,382 shares in the last quarter. Corsair Capital Management L.P. purchased a new stake in Broadwind Energy during the second quarter valued at about $30,000. XTX Topco Ltd bought a new stake in Broadwind Energy during the second quarter worth about $25,000. Quinn Opportunity Partners LLC boosted its holdings in shares of Broadwind Energy by 0.8% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock worth $909,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Broadwind Energy by 1.8% during 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 in the last quarter. Hedge funds and other 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.