Broadwind Energy Inc. (NASDAQ:BWEN) Short Interest Update

Broadwind Energy Inc. (NASDAQ:BWEN) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 14,500 shares, a decrease of 31.0% from the May 30th total of 21,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 39,800 shares, the short-interest ratio is currently 0.4 days.

BWEN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Roth Capital upped their price objective on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

NASDAQ BWEN traded down $0.10 during trading hours on Thursday, hitting $2.20. The company had a trading volume of 38,200 shares, compared to its average volume of 31,161. The firm has a 50 day moving average of $2.11. Broadwind Energy has a 1-year low of $1.15 and a 1-year high of $2.59. The company has a current ratio of 0.84, a quick ratio of 0.36 and a debt-to-equity ratio of 0.45. The stock has a market cap of $36.27 million, a P/E ratio of -2.59 and a beta of 1.87.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Friday, April 26th. The industrial products company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Broadwind Energy had a negative net margin of 14.85% and a negative return on equity of 18.72%. The business had revenue of $41.66 million during the quarter, compared to analysts’ expectations of $37.90 million. On average, sell-side analysts predict that Broadwind Energy will post -0.08 earnings per share for the current 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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