Broadwind Energy (NASDAQ:BWEN) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Broadwind Energy shares moved above their 200-day moving average, reaching $4.42 and last trading at $4.41 versus the $3.67 average.
• Analyst sentiment is mixed but leans positive: Roth Capital raised its price target to $6.50 with a Buy rating, while another firm downgraded the stock to Sell. The overall consensus is “Moderate Buy” with a $6.25 target.
• The company reported a quarterly loss of $0.03 per share, below the expected $0.01 loss, while revenue of $8.19 million fell well short of the $34.97 million estimate. Institutional investors own 33.27% of the stock.

Broadwind Energy, Inc. (NASDAQ:BWEN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.67 and traded as high as $4.42. Broadwind Energy shares last traded at $4.41, with a volume of 217,347 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BWEN. Weiss Ratings reissued a "hold (c)" rating on shares of Broadwind Energy in a research report on Thursday, August 27th. Wall Street Zen downgraded Broadwind Energy from a "hold" rating to a "sell" rating in a research report on Saturday, September 5th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $6.50 price target (up from $5.00) on shares of Broadwind Energy in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.25.

Broadwind Energy Price Performance

The stock has a market cap of $104.34 million, a price-to-earnings ratio of 19.17 and a beta of 1.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.72 and a quick ratio of 1.73. The stock's 50 day simple moving average is $4.48 and its two-hundred day simple moving average is $3.67.

Broadwind Energy (NASDAQ:BWEN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.02). Broadwind Energy had a net margin of 3.90% and a negative return on equity of 1.54%. The business had revenue of $8.19 million during the quarter, compared to analyst estimates of $34.97 million. On average, analysts forecast that Broadwind Energy, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Broadwind Energy by 154.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company's stock valued at $905,000 after purchasing an additional 263,825 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of Broadwind Energy in the 4th quarter worth about $363,000. Squarepoint Ops LLC acquired a new stake in shares of Broadwind Energy during the 2nd quarter worth about $173,000. Apollon Wealth Management LLC acquired a new stake in shares of Broadwind Energy during the 1st quarter worth about $56,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Broadwind Energy by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company's stock valued at $607,000 after purchasing an additional 26,546 shares during the last quarter. Institutional investors own 33.27% of the company's stock.

About Broadwind Energy

Broadwind Energy, Inc is an industrial manufacturing company that provides precision-engineered products and services for the clean energy, industrial, and infrastructure markets. The company's capabilities include heavy fabrication, precision machining, welding, assembly, and gearing.

Broadwind has historically been known as a manufacturer of wind turbine towers and related components. It also produces large welded structures, fabricated equipment, and precision-machined parts for customers in sectors such as power generation, energy infrastructure, mining, and other industrial applications.

The company operates manufacturing facilities in the United States and serves original equipment manufacturers and other industrial customers through its specialized production businesses.

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