Broadwind Energy, Inc. (NASDAQ:BWEN) Sees Significant Decrease in Short Interest

Broadwind Energy, Inc. (NASDAQ:BWEN) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 53,729 shares, a drop of 41.0% from the December 15th total of 91,105 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 173,277 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 173,277 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Broadwind Energy

Several institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in Broadwind Energy during the 2nd quarter worth approximately $25,000. Virtu Financial LLC acquired a new stake in shares of Broadwind Energy in the third quarter valued at approximately $31,000. Corsair Capital Management L.P. acquired a new stake in shares of Broadwind Energy in the second quarter valued at approximately $30,000. Goldman Sachs Group Inc. purchased a new position in shares of Broadwind Energy during the first quarter worth approximately $25,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Broadwind Energy during the third quarter worth approximately $111,000. 33.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BWEN. Weiss Ratings restated a “hold (c)” rating on shares of Broadwind Energy in a research note on Monday, December 22nd. Wall Street Zen raised shares of Broadwind Energy from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

Broadwind Energy Stock Performance

Shares of Broadwind Energy stock opened at $3.57 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.97 and a debt-to-equity ratio of 0.12. Broadwind Energy has a 52 week low of $1.41 and a 52 week high of $4.15. The firm’s 50 day moving average is $3.06 and its two-hundred day moving average is $2.52. The firm has a market capitalization of $82.83 million, a P/E ratio of 16.23 and a beta of 1.37.

Broadwind Energy (NASDAQ:BWEN) last issued its earnings results on Thursday, November 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Broadwind Energy had a net margin of 3.37% and a negative return on equity of 2.05%. The business had revenue of $44.24 million during the quarter, compared to analysts’ expectations of $41.28 million. Research analysts forecast that Broadwind Energy will post 0.01 EPS for the current fiscal year.

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.