Broadwind Energy (NASDAQ:BWEN) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Broadwind Energy (NASDAQ:BWENFree Report) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Separately, Weiss Ratings upgraded Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

Check Out Our Latest Report on Broadwind Energy

Broadwind Energy Trading Up 11.7%

Shares of BWEN stock opened at $3.90 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. The firm has a market cap of $91.26 million, a P/E ratio of 17.73 and a beta of 1.74. The company has a 50 day moving average of $4.39 and a 200-day moving average of $3.26. Broadwind Energy has a 12-month low of $1.88 and a 12-month high of $5.52.

Broadwind Energy (NASDAQ:BWENGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.05. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The business had revenue of $34.06 million for the quarter, compared to the consensus estimate of $32.72 million. Sell-side analysts anticipate that Broadwind Energy will post -0.08 earnings per share for the current year.

Institutional Trading of Broadwind Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Aristides Capital LLC purchased a new stake in shares of Broadwind Energy during the 4th quarter valued at approximately $363,000. Macco Financial Group Inc. purchased a new position in Broadwind Energy in the 4th quarter valued at approximately $59,000. Pekin Hardy Strauss Inc. grew its stake in Broadwind Energy by 41.5% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 75,000 shares of the industrial products company’s stock valued at $212,000 after buying an additional 22,000 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Broadwind Energy during the 1st quarter valued at $25,000. Finally, XTX Topco Ltd bought a new stake in Broadwind Energy during the 2nd quarter valued at $25,000. Institutional investors own 33.27% of the company’s stock.

About Broadwind Energy

(Get Free Report)

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.

Further Reading

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