Broadwind Energy (NASDAQ:BWEN) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a sell rating in a research note released on Saturday morning.

A number of other research analysts also recently issued reports on BWEN. Weiss Ratings downgraded shares of Broadwind Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 25th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.00.

Broadwind Energy Trading Up 18.3%

Broadwind Energy stock opened at $4.52 on Friday. The firm’s 50-day moving average is $2.38 and its 200-day moving average is $2.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 1.92. Broadwind Energy has a 1 year low of $1.63 and a 1 year high of $4.90. The company has a market cap of $105.77 million, a P/E ratio of 20.55 and a beta of 1.73.

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

Institutional Trading of Broadwind Energy

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings 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 worth $679,000 after acquiring an additional 4,332 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Broadwind Energy by 5.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 4,903 shares during the period. Mariner LLC increased its holdings in shares of Broadwind Energy by 17.1% in the 4th quarter. Mariner LLC now owns 36,120 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 5,268 shares during the period. State Street Corp increased its holdings in shares of Broadwind Energy by 7.8% in the 4th quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 5,800 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Broadwind Energy by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 10,142 shares during the period. Institutional investors and hedge funds 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.