Broadwind Energy Inc. (NASDAQ:BWEN) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $5.50 for the company and are forecasting that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 86 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on BWEN. Zacks Investment Research lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Roth Capital set a $5.00 price target on Broadwind Energy and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, ValuEngine lowered Broadwind Energy from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st.

Shares of Broadwind Energy (NASDAQ BWEN) remained flat at $$2.75 during trading hours on Friday. The company had a trading volume of 28,198 shares, 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. Broadwind Energy has a 52-week low of $2.34 and a 52-week high of $9.80. The company has a market capitalization of $41.65, a price-to-earnings ratio of 11.46 and a beta of 1.55.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWEN. AWM Investment Company Inc. purchased a new stake in Broadwind Energy in the 2nd quarter valued at $7,270,000. Numeric Investors LLC raised its position in Broadwind Energy by 60.3% in the 2nd quarter. Numeric Investors LLC now owns 818,074 shares of the industrial products company’s stock valued at $4,123,000 after buying an additional 307,687 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Broadwind Energy by 222.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 353,955 shares of the industrial products company’s stock valued at $1,784,000 after buying an additional 244,298 shares during the last quarter. Vanguard Group Inc. raised its position in Broadwind Energy by 63.9% in the 2nd quarter. Vanguard Group Inc. now owns 589,115 shares of the industrial products company’s stock valued at $2,969,000 after buying an additional 229,664 shares during the last quarter. Finally, Grace & White Inc. NY raised its position in Broadwind Energy by 31.9% in the 3rd quarter. Grace & White Inc. NY now owns 932,077 shares of the industrial products company’s stock valued at $3,020,000 after buying an additional 225,564 shares during the last quarter. 53.02% of the stock is owned by institutional investors and hedge funds.

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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.

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