Broadwind Energy (NASDAQ:BWEN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.
Separately, Zacks Investment Research cut Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th.
Shares of NASDAQ BWEN opened at $1.81 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.89 and a quick ratio of 0.42. The firm has a market cap of $28.27 million, a P/E ratio of -3.29 and a beta of 1.50. Broadwind Energy has a 1-year low of $1.73 and a 1-year high of $3.28.
A hedge fund recently raised its stake in Broadwind Energy stock. Dimensional Fund Advisors LP increased its stake in shares of Broadwind Energy Inc. (NASDAQ:BWEN) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,786 shares of the industrial products company’s stock after purchasing an additional 28,418 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.86% of Broadwind Energy worth $1,045,000 as of its most recent SEC filing. Institutional investors and hedge funds own 40.44% of the company’s stock.
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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