Zacks Investment Research upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a buy rating in a research report sent to investors on Friday, Zacks.com reports. The brokerage currently has $2.50 target price on the industrial products company’s stock.
According to Zacks, “Broadwind Energy is a precision manufacturer of structures, equipment & components for clean tech and other specialized applications. Their most significant presence is within the U.S. wind energy industry, although they have diversified into other industrial markets in order to improve their capacity utilization and reduce their exposure to uncertainty related to favorable governmental policies currently supporting the U.S. wind energy industry. Within the U.S. wind energy industry, they provide products primarily to wind turbine manufacturers. Outside of the wind energy market, they provide precision gearing and specialty weldments to a broad range of industrial customers for oil and gas, mining, steel and other industrial applications. “
Other equities analysts have also issued research reports about the company. ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Roth Capital increased their target price on Broadwind Energy from $2.50 to $2.75 and gave the company a buy rating in a report on Monday, April 29th.
NASDAQ:BWEN opened at $2.11 on Friday. The stock has a market capitalization of $33.73 million, a price-to-earnings ratio of -2.48 and a beta of 1.87. The company has a fifty day simple moving average of $2.16. The company has a quick ratio of 0.36, a current ratio of 0.84 and a debt-to-equity ratio of 0.45. Broadwind Energy has a 12 month low of $1.15 and a 12 month high of $2.59.
Broadwind Energy (NASDAQ:BWEN) last posted its earnings results on Friday, April 26th. The industrial products company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.05. The firm had revenue of $41.66 million for the quarter, compared to analyst estimates of $37.90 million. Broadwind Energy had a negative return on equity of 18.72% and a negative net margin of 14.85%. On average, equities research analysts anticipate that Broadwind Energy will post -0.08 EPS for the current fiscal year.
About Broadwind Energy
Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and fabrications of heavy weldments for mining and other industrial customers.
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