Broadwind Energy Inc. (BWEN) Given Average Rating of “Strong Buy” by Brokerages

Shares of Broadwind Energy Inc. (NASDAQ:BWEN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $3.50 for the company and are predicting that the company will post ($0.27) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 79 out of 257 based on the ratings given to its competitors.

BWEN has been the topic of several research analyst reports. ValuEngine upgraded Broadwind Energy from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st.

Shares of BWEN stock opened at $1.94 on Friday. Broadwind Energy has a 1-year low of $1.73 and a 1-year high of $3.28. The company has a quick ratio of 0.39, a current ratio of 0.89 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $28.27 million, a PE ratio of -3.53 and a beta of 1.50.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Tuesday, October 30th. The industrial products company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.09). Broadwind Energy had a negative net margin of 16.14% and a negative return on equity of 22.71%. The business had revenue of $31.45 million for the quarter, compared to the consensus estimate of $31.30 million. As a group, research analysts predict that Broadwind Energy will post -0.78 earnings per share for the current year.

An institutional investor recently raised its position in Broadwind Energy stock. Dimensional Fund Advisors LP lifted its holdings in shares of Broadwind Energy Inc. (NASDAQ:BWEN) by 6.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 442,786 shares of the industrial products company’s stock after acquiring an additional 28,418 shares during the quarter. Dimensional Fund Advisors LP owned 2.86% of Broadwind Energy worth $1,045,000 at the end of the most recent quarter. 40.44% of the stock is currently owned by hedge funds and other institutional investors.

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 specialty fabrications and specialty weldments for mining and other industrial customers.

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