ValuEngine Lowers Broadwind Energy (NASDAQ:BWEN) to Strong Sell

Broadwind Energy (NASDAQ:BWEN) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Sunday, December 31st.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Roth Capital set a $5.00 target price on Broadwind Energy and gave the company a “buy” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.50.

Broadwind Energy (NASDAQ BWEN) remained flat at $$2.75 during trading hours on Friday. 28,100 shares of the stock were exchanged, compared to its average volume of 39,414. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $41.65, a P/E ratio of 11.46 and a beta of 1.55. Broadwind Energy has a twelve month low of $2.34 and a twelve month high of $9.80.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. The business had revenue of $29.60 million for the quarter, compared to analysts’ expectations of $29.84 million. Broadwind Energy had a negative return on equity of 1.31% and a net margin of 2.05%. The business’s quarterly revenue was down 30.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 earnings per share. research analysts anticipate that Broadwind Energy will post -0.07 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in BWEN. JPMorgan Chase & Co. boosted its holdings in shares of Broadwind Energy by 186.3% in the second quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 13,691 shares during the period. Macquarie Group Ltd. bought a new position in Broadwind Energy in the third quarter worth approximately $166,000. Russell Investments Group Ltd. bought a new position in Broadwind Energy in the second quarter worth approximately $226,000. Bank of New York Mellon Corp raised its stake in Broadwind Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 59,647 shares of the industrial products company’s stock worth $301,000 after buying an additional 1,004 shares in the last quarter. Finally, National Planning Corp bought a new position in Broadwind Energy in the third quarter worth approximately $436,000. Hedge funds and other institutional investors own 53.02% of the company’s stock.

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Broadwind Energy Company Profile

Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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