Broadwind Energy (NASDAQ:BWEN) Receives “Buy” Rating from Roth Capital

Broadwind Energy (NASDAQ:BWEN)‘s stock had its “buy” rating restated by analysts at Roth Capital in a note issued to investors on Wednesday,Benzinga reports. They currently have a $6.50 price target on the industrial products company’s stock, up from their previous price target of $5.00. Roth Capital’s price objective would indicate a potential upside of 26.21% from the company’s current price.

Other equities analysts have also issued reports about the company. Weiss Ratings raised Broadwind Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Wall Street Zen cut Broadwind Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Broadwind Energy Price Performance

Shares of NASDAQ:BWEN traded down $0.19 during midday trading on Wednesday, reaching $5.15. 709,821 shares of the company were exchanged, compared to its average volume of 570,541. The stock has a market cap of $120.51 million, a PE ratio of 23.41 and a beta of 1.78. The business’s fifty day moving average is $4.51 and its two-hundred day moving average is $3.31. Broadwind Energy has a one year low of $1.88 and a one year high of $5.70. The company has a current ratio of 1.92, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.

Broadwind Energy (NASDAQ:BWEN) last announced its quarterly earnings results on Tuesday, August 11th. The industrial products company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Broadwind Energy had a negative return on equity of 2.05% and a net margin of 3.30%.The company had revenue of $8.19 million during the quarter, compared to analysts’ expectations of $34.97 million. As a group, analysts predict that Broadwind Energy will post -0.08 earnings per share for the current year.

Institutional Trading of Broadwind Energy

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Broadwind Energy in the first quarter valued at $25,000. XTX Topco Ltd bought a new stake in Broadwind Energy in the second quarter worth about $25,000. Bridgeway Capital Management LLC boosted its position in shares of Broadwind Energy by 5.0% during the second quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,903 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Broadwind Energy by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 226,011 shares of the industrial products company’s stock valued at $475,000 after buying an additional 10,142 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Broadwind Energy in the third quarter worth approximately $31,000. 33.27% of the stock is currently owned by institutional investors.

Broadwind Energy Company Profile

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.