Zacks Investment Research lowered shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a sell rating in a report issued on Monday morning.

According to Zacks, “Broadwind Energy is a precision manufacturer of structures, equipment & components for clean tech and other specialized applications. Their most significant presence is within the U.S. wind energy industry, although they have diversified into other industrial markets in order to improve their capacity utilization and reduce their exposure to uncertainty related to favorable governmental policies currently supporting the U.S. wind energy industry. Within the U.S. wind energy industry, they provide products primarily to wind turbine manufacturers. Outside of the wind energy market, they provide precision gearing and specialty weldments to a broad range of industrial customers for oil and gas, mining, steel and other industrial applications. “

Several other brokerages also recently issued reports on BWEN. Roth Capital set a $5.00 price target on Broadwind Energy and gave the stock a buy rating in a report on Tuesday, October 31st. ValuEngine downgraded Broadwind Energy from a sell rating to a strong sell rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Broadwind Energy currently has a consensus rating of Hold and an average price target of $6.50.

Shares of Broadwind Energy (NASDAQ BWEN) opened at $2.30 on Monday. Broadwind Energy has a fifty-two week low of $2.21 and a fifty-two week high of $9.80. The stock has a market capitalization of $34.68, a PE ratio of 8.48 and a beta of 1.34. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Several large investors have recently bought and sold shares of the stock. Grace & White Inc. NY grew its holdings in shares of Broadwind Energy by 38.9% during the fourth quarter. Grace & White Inc. NY now owns 1,294,689 shares of the industrial products company’s stock worth $3,522,000 after buying an additional 362,612 shares in the last quarter. National Planning Corp bought a new position in shares of Broadwind Energy during the third quarter worth about $436,000. Dimensional Fund Advisors LP grew its holdings in shares of Broadwind Energy by 16.3% during the third quarter. Dimensional Fund Advisors LP now owns 411,768 shares of the industrial products company’s stock worth $1,334,000 after buying an additional 57,813 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Broadwind Energy during the third quarter worth about $166,000. Finally, AWM Investment Company Inc. bought a new position in shares of Broadwind Energy during the second quarter worth about $7,270,000. Institutional investors and hedge funds own 55.41% of the company’s stock.

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About Broadwind Energy

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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