Broadwind Energy Inc. (NASDAQ:BWEN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $2.75 for the company and are expecting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 145 out of 256 based on the ratings given to related companies.
A number of analysts have issued reports on BWEN shares. ValuEngine cut Broadwind Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research cut Broadwind Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, Roth Capital increased their price target on Broadwind Energy from $2.50 to $2.75 and gave the stock a “buy” rating in a report on Monday, April 29th.
A number of institutional investors and hedge funds have recently bought and sold shares of BWEN. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Broadwind Energy by 69.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,270 shares of the industrial products company’s stock worth $43,000 after buying an additional 7,900 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Broadwind Energy by 41.9% during the 2nd quarter. Vanguard Group Inc. now owns 540,684 shares of the industrial products company’s stock worth $1,200,000 after buying an additional 159,647 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Broadwind Energy during the 2nd quarter worth approximately $417,000. Institutional investors own 36.29% of the company’s stock.
Shares of NASDAQ BWEN traded up $0.01 during midday trading on Thursday, hitting $1.63. The company’s stock had a trading volume of 40,340 shares, compared to its average volume of 38,201. The company’s fifty day simple moving average is $2.08. Broadwind Energy has a one year low of $1.15 and a one year high of $2.59. The company has a quick ratio of 0.32, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. The stock has a market cap of $26.02 million, a price-to-earnings ratio of -1.92 and a beta of 1.88.
Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings data on Friday, August 2nd. The industrial products company reported ($0.06) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). The company had revenue of $41.17 million for the quarter, compared to the consensus estimate of $41.50 million. Broadwind Energy had a negative net margin of 10.78% and a negative return on equity of 19.96%. As a group, analysts expect that Broadwind Energy will post -0.21 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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