Broadwind Energy Inc. (NASDAQ:BWEN) Given Consensus Recommendation of “Strong Buy” by Analysts

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

Brokerages have set a 1-year consensus price objective of $2.75 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 104 out of 256 based on the ratings given to related companies.

A number of brokerages have recently commented on BWEN. Zacks Investment Research raised shares of Broadwind Energy from a “sell” rating to a “hold” rating and set a $2.00 target price on the stock in a research note on Monday, April 29th. ValuEngine downgraded shares of Broadwind Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Roth Capital raised their target price 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.

Shares of BWEN stock remained flat at $$2.15 during mid-day trading on Friday. 4,603 shares of the stock were exchanged, compared to its average volume of 29,146. Broadwind Energy has a fifty-two week low of $1.15 and a fifty-two week high of $2.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.84. The stock has a market cap of $34.05 million, a P/E ratio of -2.53 and a beta of 1.74.

Broadwind Energy (NASDAQ:BWEN) last issued its earnings results on Friday, April 26th. The industrial products company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $37.90 million. As a group, equities analysts forecast that Broadwind Energy will post -0.08 earnings per share for the current fiscal year.

Broadwind Energy Company Profile

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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