Broadwind Energy (NASDAQ:BWEN) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a sell rating in a report published on Saturday morning.

Several other research firms have also recently commented on BWEN. Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Broadwind Energy in a report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Broadwind Energy Price Performance

BWEN stock opened at $2.19 on Friday. The stock has a 50-day moving average price of $2.87 and a two-hundred day moving average price of $2.63. Broadwind Energy has a 1 year low of $1.41 and a 1 year high of $4.15. The stock has a market cap of $50.81 million, a PE ratio of 9.95 and a beta of 1.45. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings results on Wednesday, March 11th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $37.74 million during the quarter, compared to the consensus estimate of $36.18 million. Broadwind Energy had a net margin of 3.32% and a negative return on equity of 1.94%. Equities analysts forecast that Broadwind Energy will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Broadwind Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of BWEN. Marshall Wace LLP acquired a new position in shares of Broadwind Energy during the 4th quarter worth approximately $796,000. Dimensional Fund Advisors LP lifted its holdings in Broadwind Energy by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 265,255 shares of the industrial products company’s stock valued at $751,000 after purchasing an additional 39,244 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Broadwind Energy by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 4,332 shares during the last quarter. Renaissance Technologies LLC boosted its position in Broadwind Energy by 40.6% during the fourth quarter. Renaissance Technologies LLC now owns 203,932 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 58,932 shares during the period. Finally, Aristides Capital LLC bought a new position in Broadwind Energy during the fourth quarter worth $363,000. Institutional investors own 33.27% of the company’s stock.

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.