Several other equities research analysts have also recently issued reports on the company. ValuEngine cut Broadwind Energy from a sell rating to a strong sell rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded Broadwind Energy from a sell rating to a hold rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $6.50.
Shares of BWEN stock opened at $2.72 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.86 and a quick ratio of 0.39. The company has a market capitalization of $43.46, a P/E ratio of -4.95 and a beta of 1.22. Broadwind Energy has a 1 year low of $2.10 and a 1 year high of $9.80.
Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.17). The company had revenue of $17.76 million during the quarter, compared to the consensus estimate of $17.97 million. Broadwind Energy had a negative net margin of 2.48% and a negative return on equity of 11.48%. The company’s quarterly revenue was down 63.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. analysts predict that Broadwind Energy will post 0.04 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan lifted its stake in Broadwind Energy by 115.5% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 129,450 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 69,380 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Broadwind Energy during the fourth quarter worth $437,000. Advisor Group Inc. lifted its stake in Broadwind Energy by 1,778,170.0% during the fourth quarter. Advisor Group Inc. now owns 177,827 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 177,817 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 57,813 shares during the last quarter. Finally, Grace & White Inc. NY lifted its stake in 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 purchasing an additional 362,612 shares during the last quarter. Hedge funds and other institutional investors own 43.63% of the company’s stock.
Broadwind Energy Company Profile
Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and specialty fabrications and specialty weldments for mining and other industrial customers.
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