Broadwind Energy Inc. (NASDAQ:BWEN) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $2.75 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 194 out of 256 based on the ratings given to related companies.
A number of research firms have issued reports on BWEN. Zacks Investment Research downgraded shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Broadwind Energy from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Roth Capital raised their price target on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a report on Monday, April 29th.
A hedge fund recently raised its stake in Broadwind Energy stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Broadwind Energy Inc. (NASDAQ:BWEN) by 69.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,270 shares of the industrial products company’s stock after buying an additional 7,900 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.12% of Broadwind Energy worth $43,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.64% of the company’s stock.
BWEN stock traded up $0.05 during midday trading on Wednesday, reaching $1.83. The company had a trading volume of 17,879 shares, compared to its average volume of 32,350. Broadwind Energy has a 1 year low of $1.15 and a 1 year high of $2.59. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.84 and a quick ratio of 0.36. The stock has a market capitalization of $29.25 million, a P/E ratio of -2.15 and a beta of 1.88. The company’s 50 day moving average price is $2.15.
Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Friday, August 2nd. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). Broadwind Energy had a negative net margin of 10.78% and a negative return on equity of 19.43%. The company had revenue of $41.17 million during the quarter, compared to the consensus estimate of $41.50 million. As a group, equities research analysts predict that Broadwind Energy will post -0.08 EPS for the current year.
About Broadwind Energy
Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.
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