Short Interest in Broadwind Energy, Inc. (NASDAQ:BWEN) Grows By 22.2%

Broadwind Energy, Inc. (NASDAQ:BWEN) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 140,187 shares, a growth of 22.2% from the February 26th total of 114,678 shares. Based on an average daily volume of 187,734 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the shares of the stock are sold short.

Broadwind Energy Stock Performance

Shares of BWEN opened at $1.97 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 2.03. The company has a market cap of $45.92 million, a price-to-earnings ratio of 8.95 and a beta of 1.46. The stock has a fifty day moving average price of $2.57 and a two-hundred day moving average price of $2.63. Broadwind Energy has a 52-week low of $1.43 and a 52-week high of $4.15.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Wednesday, March 11th. The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $37.74 million for the quarter, compared to the consensus estimate of $36.18 million. Broadwind Energy had a negative return on equity of 1.91% and a net margin of 3.32%. Analysts predict that Broadwind Energy will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

BWEN has been the subject of a number of recent research reports. Weiss Ratings cut Broadwind Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Finally, HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Broadwind Energy in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Broadwind Energy by 9.9% in the 4th quarter. Empowered Funds LLC now owns 118,166 shares of the industrial products company’s stock valued at $334,000 after buying an additional 10,658 shares during the period. Captrust Financial Advisors bought a new position in Broadwind Energy in the fourth quarter valued at about $275,000. Bridgeway Capital Management LLC increased its position in Broadwind Energy by 10.1% in the third 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 during the period. State Street Corp raised its holdings in Broadwind Energy by 7.8% during the 4th quarter. State Street Corp now owns 80,265 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 5,800 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in Broadwind Energy by 88.3% during the 4th quarter. XTX Topco Ltd now owns 52,577 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 24,652 shares during the last quarter. Institutional investors and hedge funds 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.