Broadwind Energy (NASDAQ:BWEN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Broadwind Energy (NASDAQ:BWEN) released its quarterly earnings data on Thursday. The industrial products company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01, Zacks reports. Broadwind Energy had a negative net margin of 1.52% and a negative return on equity of 3.71%. The company had revenue of $44.24 million during the quarter, compared to the consensus estimate of $41.28 million. Broadwind Energy updated its FY 2025 guidance to EPS.

Broadwind Energy Trading Down 1.5%

Shares of Broadwind Energy stock opened at $2.56 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.53 and a quick ratio of 0.52. Broadwind Energy has a 1 year low of $1.41 and a 1 year high of $3.03. The firm has a market cap of $58.98 million, a PE ratio of -25.60 and a beta of 1.59. The company has a 50 day simple moving average of $2.21 and a two-hundred day simple moving average of $2.08.

Broadwind Energy announced that its Board of Directors has authorized a share repurchase plan on Wednesday, September 10th that authorizes the company to repurchase $3.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

BWEN has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Broadwind Energy in a report on Wednesday, October 8th. Wall Street Zen upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research upgraded Broadwind Energy to a “hold” rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.50.

Institutional Trading of Broadwind Energy

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Broadwind Energy by 4.7% in the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 10,142 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Broadwind Energy by 10.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 112,508 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 10,287 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Broadwind Energy in the 1st quarter worth about $25,000. Virtu Financial LLC bought a new position in shares of Broadwind Energy during the 3rd quarter valued at about $31,000. Finally, XTX Topco Ltd purchased a new position in shares of Broadwind Energy during the 2nd quarter valued at about $25,000. Hedge funds and other institutional investors own 33.27% of the company’s stock.

Broadwind Energy Company Profile

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.