Broadwind Energy, Inc. (NASDAQ:BWEN – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.42 and traded as high as $4.44. Broadwind Energy shares last traded at $4.40, with a volume of 288,448 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on BWEN. Wall Street Zen raised shares of Broadwind Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised shares of Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Finally, Roth Capital reissued a “buy” rating and set a $6.50 price target (up from $5.00) on shares of Broadwind Energy in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.25.
Read Our Latest Stock Report on BWEN
Broadwind Energy Stock Performance
Broadwind Energy (NASDAQ:BWEN – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $8.19 million during the quarter, compared to analyst estimates of $34.97 million. Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. Research analysts expect that Broadwind Energy, Inc. will post -0.1 EPS for the current fiscal year.
Institutional Trading of Broadwind Energy
Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in Broadwind Energy in the first quarter worth about $25,000. XTX Topco Ltd acquired a new position in shares of Broadwind Energy in the 2nd quarter worth approximately $25,000. Virtu Financial LLC acquired a new position in Broadwind Energy in the third quarter worth approximately $31,000. Apollon Wealth Management LLC acquired a new stake in shares of Broadwind Energy during the 1st quarter valued at $56,000. Finally, James Investment Research Inc. grew its holdings in shares of 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 last quarter. 33.27% of the stock is currently owned by institutional investors and hedge funds.
About Broadwind Energy
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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