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

Wall Street Zen upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a buy rating in a report issued on Saturday morning.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Broadwind Energy currently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Broadwind Energy Stock Up 7.1%

Broadwind Energy stock opened at $3.93 on Friday. The firm has a market capitalization of $91.18 million, a price-to-earnings ratio of 17.86 and a beta of 1.37. The firm’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $2.48. Broadwind Energy has a 1-year low of $1.41 and a 1-year high of $3.96. The company has a current ratio of 1.97, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $44.24 million for the quarter, compared to the consensus estimate of $41.28 million. Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.37%. On average, equities research analysts predict that Broadwind Energy will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Broadwind Energy

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. bought a new position in shares of Broadwind Energy during the first quarter valued at approximately $25,000. XTX Topco Ltd purchased a new stake in shares of Broadwind Energy in the 2nd quarter worth approximately $25,000. Corsair Capital Management L.P. bought a new position in Broadwind Energy during the 2nd quarter valued at approximately $30,000. Virtu Financial LLC bought a new position in Broadwind Energy during the 3rd quarter valued at approximately $31,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in Broadwind Energy during the third quarter valued at $111,000. Institutional investors own 33.27% of the company’s stock.

About Broadwind Energy

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.