Broadwind Energy, Inc. (NASDAQ:BWEN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.02 and traded as high as $4.46. Broadwind Energy shares last traded at $4.34, with a volume of 245,813 shares traded.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Wall Street Zen raised shares of Broadwind Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Broadwind Energy has an average rating of “Hold” and an average target price of $6.00.
Check Out Our Latest Stock Analysis on Broadwind Energy
Broadwind Energy Stock Up 0.7%
Broadwind Energy (NASDAQ:BWEN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.05. The business had revenue of $34.06 million for the quarter, compared to the consensus estimate of $32.72 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%. Research analysts anticipate that Broadwind Energy, Inc. will post -0.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Broadwind Energy
Several hedge funds have recently modified their holdings of BWEN. Goldman Sachs Group Inc. purchased a new stake in shares of Broadwind Energy during the first quarter worth about $25,000. XTX Topco Ltd acquired a new stake in Broadwind Energy during the second quarter worth approximately $25,000. Virtu Financial LLC acquired a new stake in Broadwind Energy during the third quarter worth approximately $31,000. Apollon Wealth Management LLC acquired a new stake in Broadwind Energy during the first quarter worth approximately $56,000. Finally, James Investment Research Inc. grew its stake in Broadwind Energy by 124.0% in the 1st quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 15,000 shares during the period. 33.27% of the stock is owned by institutional investors and hedge funds.
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.
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