Broadwind Energy (NASDAQ:BWEN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a sell rating to a hold rating in a research note released on Monday.

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

Broadwind Energy Stock Down 1.2%

Shares of NASDAQ:BWEN opened at $5.03 on Monday. The business’s 50 day moving average is $4.33 and its 200 day moving average is $3.22. The stock has a market cap of $117.70 million, a P/E ratio of 22.86 and a beta of 1.74. Broadwind Energy has a 52-week low of $1.88 and a 52-week high of $5.40. 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 earnings results on Tuesday, May 12th. The industrial products company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $32.72 million. Sell-side analysts predict that Broadwind Energy will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Broadwind Energy by 154.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after acquiring an additional 263,825 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Broadwind Energy by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 26,546 shares in the last quarter. Marshall Wace LLP bought a new stake in Broadwind Energy during the fourth quarter valued at about $796,000. Geode Capital Management LLC grew its stake in Broadwind Energy by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 239,946 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 4,332 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Broadwind Energy by 40.6% in the fourth quarter. Renaissance Technologies LLC now owns 203,932 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 58,932 shares during the last quarter. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

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.