Broadwind Energy, Inc. (NASDAQ:BWEN) Short Interest Up 550.4% in May

Broadwind Energy, Inc. (NASDAQ:BWEN) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 566,552 shares, a growth of 550.4% from the April 30th total of 87,111 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average daily volume of 3,022,616 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Broadwind Energy

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in shares of Broadwind Energy during the third quarter worth $31,000. Goldman Sachs Group Inc. acquired a new position in shares of Broadwind Energy in the first quarter worth about $25,000. XTX Topco Ltd acquired a new position in shares of Broadwind Energy in the second quarter worth about $25,000. Dimensional Fund Advisors LP increased its position in shares of Broadwind Energy by 10.0% in the first quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock worth $607,000 after acquiring an additional 26,546 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Broadwind Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 9,561 shares in the last quarter. 33.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

BWEN has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Broadwind Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price target on shares of Broadwind Energy in a research note on Tuesday, February 10th. Finally, Weiss Ratings upgraded shares of Broadwind Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadwind Energy currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Broadwind Energy Trading Down 4.4%

Shares of BWEN stock opened at $3.51 on Friday. The stock has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.80. The stock has a market capitalization of $82.13 million, a P/E ratio of 15.96 and a beta of 1.73. Broadwind Energy has a fifty-two week low of $1.63 and a fifty-two week high of $4.90. 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 (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. The firm had revenue of $34.06 million for the quarter, compared to analysts’ expectations of $32.72 million. On average, sell-side analysts expect that Broadwind Energy will post -0.08 earnings per share for the current fiscal year.

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.