Broadwind Energy (BWEN) Upgraded at ValuEngine

ValuEngine upgraded shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a buy rating in a report published on Friday, November 2nd.

Separately, Zacks Investment Research cut Broadwind Energy from a hold rating to a sell rating in a research note on Thursday, September 20th.

BWEN stock traded up $0.01 during trading hours on Friday, hitting $1.93. 3,280 shares of the stock traded hands, compared to its average volume of 20,911. Broadwind Energy has a one year low of $1.73 and a one year high of $3.28. The company has a quick ratio of 0.39, a current ratio of 0.89 and a debt-to-equity ratio of 0.05.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Tuesday, October 30th. The industrial products company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.09). Broadwind Energy had a negative net margin of 16.14% and a negative return on equity of 22.71%. The firm had revenue of $31.45 million for the quarter, compared to the consensus estimate of $31.30 million. On average, equities research analysts anticipate that Broadwind Energy will post -0.78 EPS for the current year.

An institutional investor recently raised its position in Broadwind Energy stock. Grace & White Inc. NY increased its holdings in Broadwind Energy Inc. (NASDAQ:BWEN) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,550,987 shares of the industrial products company’s stock after acquiring an additional 110,810 shares during the period. Grace & White Inc. NY owned about 10.03% of Broadwind Energy worth $3,381,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.44% of the company’s stock.

About Broadwind Energy

Broadwind Energy, Inc provides products to the energy, mining, and infrastructure sector customers primarily in the United States. It operates through three segments: Towers and Heavy Fabrications, Gearing, and Process Systems. The Towers and Heavy Fabrications segment manufactures towers that are designed for various megawatt wind turbines primarily serving wind turbine manufacturers; and specialty fabrications and specialty weldments for mining and other industrial customers.

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