Broadwind Energy, Inc. (NASDAQ:BWEN) Sees Significant Drop in Short Interest

Broadwind Energy, Inc. (NASDAQ:BWEN) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 53,729 shares, a decrease of 41.0% from the December 15th total of 91,105 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Broadwind Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quinn Opportunity Partners LLC boosted its holdings in Broadwind Energy by 0.8% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock valued at $909,000 after acquiring an additional 4,000 shares during the period. Bridgeway Capital Management LLC lifted its position in Broadwind Energy by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,903 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Broadwind Energy by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 10,142 shares during the period. XTX Topco Ltd purchased a new position in shares of Broadwind Energy in the second quarter worth $25,000. Finally, Virtu Financial LLC bought a new stake in Broadwind Energy during the 3rd quarter valued at $31,000. Institutional investors own 33.27% of the company’s stock.

Broadwind Energy Trading Down 10.0%

BWEN stock opened at $3.60 on Thursday. The company has a market capitalization of $83.52 million, a PE ratio of 16.36 and a beta of 1.37. Broadwind Energy has a one year low of $1.41 and a one year high of $4.15. The company’s 50 day moving average price is $3.00 and its two-hundred day moving average price is $2.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 1.97.

Broadwind Energy (NASDAQ:BWEN) last released its earnings results on Thursday, November 13th. The industrial products company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $44.24 million for the quarter, compared to analyst estimates of $41.28 million. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. As a group, analysts predict that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BWEN. Wall Street Zen raised shares of Broadwind Energy from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Broadwind Energy in a report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.50.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.