Shares of Broadwind Energy, Inc. (NASDAQ:BWEN) have been assigned 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 rating.

Brokers have set a 12-month consensus target price of $5.50 for the company and are predicting that the company will post ($0.30) EPS for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 62 out of 265 based on the ratings given to related companies.

A number of research analysts recently commented on the stock. Cowen and Company set a $9.00 price objective on shares of Broadwind Energy and gave the company a “buy” rating in a research note on Tuesday, July 11th. Roth Capital set a $5.00 price objective on shares of Broadwind Energy and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

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Broadwind Energy (NASDAQ:BWEN) opened at $2.67 on Friday. Broadwind Energy has a 12 month low of $2.62 and a 12 month high of $9.80. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.02.

Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data 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. Broadwind Energy had a net margin of 2.05% and a negative return on equity of 1.31%. The business had revenue of $29.60 million for the quarter, compared to analyst estimates of $29.84 million. During the same quarter last year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was down 30.4% on a year-over-year basis. equities research analysts expect that Broadwind Energy will post -0.07 earnings per share for the current year.

A number of large investors have recently modified their holdings of BWEN. JPMorgan Chase & Co. boosted its holdings in Broadwind Energy by 186.3% during the second quarter. JPMorgan Chase & Co. now owns 21,038 shares of the industrial products company’s stock worth $106,000 after buying an additional 13,691 shares in the last quarter. KCG Holdings Inc. bought a new stake in Broadwind Energy during the first quarter worth approximately $154,000. Russell Investments Group Ltd. bought a new stake in Broadwind Energy during the second quarter worth approximately $226,000. Bank of New York Mellon Corp boosted its holdings in Broadwind Energy by 1.7% during 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, Municipal Employees Retirement System of Michigan bought a new stake in Broadwind Energy during the second quarter worth approximately $303,000. Hedge funds and other institutional investors own 55.59% of the company’s stock.

About Broadwind Energy

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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