Short Interest in Broadwind Energy, Inc. (NASDAQ:BWEN) Decreases By 41.0%

Broadwind Energy, Inc. (NASDAQ:BWEN) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 53,729 shares, a decline of 41.0% from the December 15th total of 91,105 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 173,277 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently commented on BWEN. Weiss Ratings reissued a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Broadwind Energy from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Broadwind Energy Stock Performance

Shares of Broadwind Energy stock traded up $0.10 during trading on Friday, hitting $3.55. 75,113 shares of the company’s stock traded hands, compared to its average volume of 350,651. Broadwind Energy has a 1 year low of $1.41 and a 1 year high of $4.15. The business has a 50-day simple moving average of $3.03 and a 200-day simple moving average of $2.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.97 and a quick ratio of 0.66. The stock has a market capitalization of $82.24 million, a P/E ratio of 16.11 and a beta of 1.37.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $44.24 million during the quarter, compared to analyst estimates of $41.28 million. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. As a group, analysts forecast that Broadwind Energy will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Broadwind Energy

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in shares of Broadwind Energy in the 1st quarter worth $25,000. AMH Equity Ltd grew its holdings in Broadwind Energy by 124.6% during the second quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 179,382 shares during the period. Quinn Opportunity Partners LLC increased its position in Broadwind Energy by 0.8% in the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company’s stock worth $909,000 after buying an additional 4,000 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Broadwind Energy in the second quarter worth about $25,000. Finally, Corsair Capital Management L.P. bought a new position in shares of Broadwind Energy in the second quarter worth about $30,000. Institutional investors 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.