Infrastructure and Energy Alternatives (IEA) Rating Lowered to Sell at Zacks Investment Research

Infrastructure and Energy Alternatives (NYSE:IEA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Infrastructure & Energy Alternatives, LLC is an infrastructure construction company with specialized energy and heavy civil expertise. The company provides an engineering, procurement and construction services supporting the renewable energy, traditional power, petrochemicals and civil infrastructure markets. Infrastructure & Energy Alternatives, LLC is based in Westchester, Illinois. “

Separately, DA Davidson cut their price objective on shares of Infrastructure and Energy Alternatives from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Shares of IEA opened at $6.53 on Thursday. Infrastructure and Energy Alternatives has a twelve month low of $6.02 and a twelve month high of $11.27.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in Infrastructure and Energy Alternatives during the third quarter valued at approximately $143,000. Meeder Asset Management Inc. raised its position in Infrastructure and Energy Alternatives by 17,744.7% during the third quarter. Meeder Asset Management Inc. now owns 18,380 shares of the company’s stock valued at $193,000 after acquiring an additional 18,277 shares in the last quarter. Rhumbline Advisers raised its position in Infrastructure and Energy Alternatives by 47.7% during the fourth quarter. Rhumbline Advisers now owns 23,279 shares of the company’s stock valued at $191,000 after acquiring an additional 7,518 shares in the last quarter. Bank of America Corp DE bought a new position in Infrastructure and Energy Alternatives during the second quarter valued at approximately $282,000. Finally, Acadian Asset Management LLC raised its position in Infrastructure and Energy Alternatives by 54.3% during the third quarter. Acadian Asset Management LLC now owns 80,012 shares of the company’s stock valued at $842,000 after acquiring an additional 28,170 shares in the last quarter.

Infrastructure and Energy Alternatives Company Profile

Infrastructure and Energy Alternatives, Inc, an infrastructure construction company, provides engineering, procurement, construction, and maintenance services. It offers design, site development, construction, installation, and restoration of infrastructure services for the wind, solar, thermal, and biomass/alternative fuel power plants; and highways, bridges, and railroads, as well as provides other industrial services.

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