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

Analysts have set a 1 year consensus target price of $5.50 for the company and are anticipating 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 61 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently commented on BWEN shares. Zacks Investment Research lowered shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. 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 Tuesday, October 31st. Finally, ValuEngine lowered shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

Broadwind Energy (BWEN) traded up $0.03 on Friday, reaching $2.52. 240,200 shares of the company’s stock were exchanged, compared to its average volume of 165,073. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.43 and a current ratio of 0.99. Broadwind Energy has a 52-week low of $2.34 and a 52-week high of $9.80.

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 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 posted $0.08 EPS. The company’s quarterly revenue was down 30.4% on a year-over-year basis. equities research analysts forecast that Broadwind Energy will post -0.07 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 13,691 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Broadwind Energy during the second quarter worth $226,000. Macquarie Group Ltd. bought a new position in Broadwind Energy during the third quarter worth $166,000. Bank of New York Mellon Corp boosted its stake 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 acquiring an additional 1,004 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Broadwind Energy during the second quarter worth $303,000. 52.96% of the stock is currently owned by institutional investors.

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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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