Media stories about Broadwind Energy (NASDAQ:BWEN) have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Broadwind Energy earned a news sentiment score of 0.39 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.
A number of brokerages have issued reports on BWEN. Zacks Investment Research upgraded Broadwind Energy from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, March 21st. TheStreet upgraded Broadwind Energy from a “d+” rating to a “c-” rating in a research note on Monday, March 20th. Cowen and Company upped their price objective on Broadwind Energy from $7.25 to $9.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. ValuEngine downgraded Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. Finally, Roth Capital began coverage on Broadwind Energy in a research note on Friday, June 30th. They issued a “buy” rating and a $6.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.25.
Broadwind Energy (BWEN) opened at 4.74 on Tuesday. The company has a market cap of $71.01 million, a P/E ratio of 10.24 and a beta of 1.56. The firm has a 50-day moving average price of $5.17 and a 200-day moving average price of $5.62. Broadwind Energy has a 52 week low of $3.75 and a 52 week high of $9.80.
Broadwind Energy (NASDAQ:BWEN) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $56.06 million during the quarter, compared to analysts’ expectations of $54.75 million. Broadwind Energy had a return on equity of 4.41% and a net margin of 3.69%. Broadwind Energy’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Equities research analysts anticipate that Broadwind Energy will post $0.28 EPS for the current fiscal year.
In related news, Director Thomas A. Wagner sold 5,441 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $7.50, for a total transaction of $40,807.50. Following the completion of the sale, the director now owns 37,425 shares in the company, valued at $280,687.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.00% of the stock is currently owned by corporate insiders.
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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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