Broadwind Energy (NASDAQ:BWEN) Upgraded by Zacks Research to "Hold" Rating

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.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen lowered Broadwind Energy from a "hold" rating to a "sell" rating in a research note on Monday, May 19th.

Broadwind Energy Stock Performance

Broadwind Energy stock opened at $2.31 on Tuesday. The firm has a market capitalization of $53.22 million, a P/E ratio of -23.10 and a beta of 1.42. The stock has a fifty day moving average price of $2.16 and a 200 day moving average price of $1.80. Broadwind Energy has a 52 week low of $1.41 and a 52 week high of $3.03. The company has a current ratio of 1.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.17.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last released its earnings results on Tuesday, August 12th. The industrial products company reported ($0.04) EPS 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 analyst estimates of $37.65 million. Broadwind Energy had a negative net margin of 1.52% and a negative return on equity of 3.71%. Equities research analysts anticipate that Broadwind Energy will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Broadwind Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Broadwind Energy during the second quarter worth about $25,000. Corsair Capital Management L.P. acquired a new stake in Broadwind Energy during the second quarter worth about $30,000. Goldman Sachs Group Inc. acquired a new stake in Broadwind Energy during the first quarter worth about $25,000. Mariner LLC purchased a new stake in shares of Broadwind Energy in the fourth quarter worth about $56,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Broadwind Energy in the fourth quarter worth about $76,000. 33.27% of the stock is currently owned by institutional investors and hedge funds.

Broadwind Energy Company Profile

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.

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