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. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and fabricating services for panels and sub-assemblies to combined cycle natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.
Broadwind Trading Up 7.4 %
BWEN opened at $2.31 on Friday. The stock has a market capitalization of $46.25 million, a PE ratio of 25.67 and a beta of 1.35. The firm's fifty day moving average price is $1.74 and its 200 day moving average price is $1.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.14 and a quick ratio of 0.45. Broadwind has a 12-month low of $1.46 and a 12-month high of $4.07.
Broadwind (NASDAQ:BWEN - Get Rating) last posted its quarterly earnings results on Friday, May 6th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.03. The firm had revenue of $41.84 million for the quarter, compared to analysts' expectations of $29.58 million. Broadwind had a net margin of 1.07% and a negative return on equity of 19.49%. During the same period in the prior year, the company posted ($0.07) earnings per share. As a group, research analysts expect that Broadwind will post -0.4 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Broadwind in a research report on Sunday, July 31st. They set a "sell" rating on the stock.