Broadwind Energy (NASDAQ:BWEN) Earns “Buy” Rating from Roth Capital

Broadwind Energy (NASDAQ:BWENGet Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Roth Capital in a research note issued on Wednesday,Benzinga reports. They currently have a $6.50 price objective on the industrial products company’s stock, up from their prior price objective of $5.00. Roth Capital’s price target points to a potential upside of 26.21% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Get Our Latest Analysis on BWEN

Broadwind Energy Stock Performance

BWEN traded down $0.19 during mid-day trading on Wednesday, reaching $5.15. 709,821 shares of the company traded hands, compared to its average volume of 570,541. The company’s fifty day moving average price is $4.51 and its 200-day moving average price is $3.31. The stock has a market capitalization of $120.51 million, a P/E ratio of 23.41 and a beta of 1.78. The company has a quick ratio of 0.65, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. Broadwind Energy has a 52-week low of $1.88 and a 52-week high of $5.70.

Broadwind Energy (NASDAQ:BWENGet Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. The firm had revenue of $8.19 million for the quarter, compared to analysts’ expectations of $34.97 million. On average, sell-side analysts expect that Broadwind Energy will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Broadwind Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new position in shares of Broadwind Energy during the 1st quarter valued at $25,000. XTX Topco Ltd purchased a new stake in Broadwind Energy in the 2nd quarter worth $25,000. Virtu Financial LLC bought a new stake in Broadwind Energy during the third quarter valued at about $31,000. Apollon Wealth Management LLC purchased a new position in shares of Broadwind Energy in the first quarter valued at about $56,000. Finally, James Investment Research Inc. lifted its position in shares of Broadwind Energy by 124.0% in the first quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

Broadwind Energy Company Profile

(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

Receive News & Ratings for Broadwind Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadwind Energy and related companies with MarketBeat.com's FREE daily email newsletter.