Broadwind Energy (NASDAQ:BWEN) Upgraded to Hold at Zacks Research

Key Points

• Zacks Research upgraded Broadwind Energy (NASDAQ:BWEN) to a "hold" rating, indicating a more favorable view of the company's stock.
• In contrast, Wall Street Zen has downgraded Broadwind Energy from "hold" to "sell," reflecting differing opinions on the stock's future performance.
• The company's recent earnings report revealed a loss of ($0.04) EPS, missing expectations, but revenue beat estimates at $39.24 million for the quarter.

Zacks Research upgraded shares of Broadwind Energy (NASDAQ:BWEN - Free Report) to a hold rating in a report issued on Tuesday, August 12th,Zacks.com reports.

Separately, Wall Street Zen downgraded shares of Broadwind Energy from a "hold" rating to a "sell" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $4.50.

Broadwind Energy Price Performance

Shares of BWEN traded down $0.07 during mid-day trading on Tuesday, hitting $2.14. 114,613 shares of the stock were exchanged, compared to its average volume of 157,292. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.53. The company has a market cap of $49.31 million, a PE ratio of -21.39 and a beta of 1.42. Broadwind Energy has a 52-week low of $1.41 and a 52-week high of $3.03. The firm has a 50-day moving average of $2.18 and a two-hundred day moving average of $1.81.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The business had revenue of $39.24 million during the quarter, compared to the consensus estimate of $37.65 million. Broadwind Energy had a negative return on equity of 3.71% and a negative net margin of 1.52%. On average, equities analysts predict that Broadwind Energy will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Broadwind Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC boosted its holdings in Broadwind Energy by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 102,221 shares of the industrial products company's stock valued at $185,000 after acquiring an additional 4,903 shares during the period. Corsair Capital Management L.P. bought a new stake in shares of Broadwind Energy during the second quarter worth $30,000. XTX Topco Ltd bought a new stake in shares of Broadwind Energy during the second quarter worth $25,000. Quinn Opportunity Partners LLC boosted its stake in shares of Broadwind Energy by 0.8% during the second quarter. Quinn Opportunity Partners LLC now owns 502,008 shares of the industrial products company's stock valued at $909,000 after purchasing an additional 4,000 shares during the period. Finally, AMH Equity Ltd grew its holdings in shares of Broadwind Energy by 124.6% in the second quarter. AMH Equity Ltd now owns 323,382 shares of the industrial products company's stock worth $585,000 after purchasing an additional 179,382 shares during the last quarter. 33.27% of the stock is currently owned by hedge funds and other institutional investors.

About Broadwind Energy

Broadwind, Inc manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets.