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

Wall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a sell rating to a hold rating in a research note published on Monday.

Separately, Weiss Ratings upgraded Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Price Performance

Shares of BWEN stock opened at $4.79 on Monday. The company has a market capitalization of $112.09 million, a P/E ratio of 21.77 and a beta of 1.74. The company’s 50-day simple moving average is $4.29 and its two-hundred day simple moving average is $3.19. Broadwind Energy has a one year low of $1.88 and a one year high of $5.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 0.65.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. The firm had revenue of $34.06 million during the quarter, compared to the consensus estimate of $32.72 million. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. As a group, equities analysts anticipate that Broadwind Energy will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new stake in shares of Broadwind Energy in the 2nd quarter valued at about $25,000. Virtu Financial LLC purchased a new stake in shares of Broadwind Energy in the 3rd quarter worth approximately $31,000. Goldman Sachs Group Inc. bought a new position in Broadwind Energy in the first quarter worth approximately $25,000. Macco Financial Group Inc. bought a new position in Broadwind Energy in the fourth quarter worth approximately $59,000. Finally, James Investment Research Inc. raised its stake in Broadwind Energy by 124.0% in the first quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock worth $56,000 after buying an additional 15,000 shares in the last quarter. 33.27% of the stock is currently owned by institutional investors.

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.