Zacks Investment Research lowered shares of Broadwind Energy (NASDAQ:BWEN) from a hold rating to a sell rating in a report issued on Thursday, September 20th.

According to Zacks, “Broadwind Energy is a precision manufacturer of structures, equipment & components for clean tech and other specialized applications. Their most significant presence is within the U.S. wind energy industry, although they have diversified into other industrial markets in order to improve their capacity utilization and reduce their exposure to uncertainty related to favorable governmental policies currently supporting the U.S. wind energy industry. Within the U.S. wind energy industry, they provide products primarily to wind turbine manufacturers. Outside of the wind energy market, they provide precision gearing and specialty weldments to a broad range of industrial customers for oil and gas, mining, steel and other industrial applications. “

Separately, ValuEngine raised Broadwind Energy from a sell rating to a hold rating in a research report on Friday, June 1st.

NASDAQ:BWEN traded up $0.02 during midday trading on Thursday, hitting $2.15. The stock had a trading volume of 12,249 shares, compared to its average volume of 49,782. Broadwind Energy has a one year low of $2.01 and a one year high of $3.28. The stock has a market cap of $33.73 million, a P/E ratio of -3.91 and a beta of 1.35. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 0.05.

Broadwind Energy (NASDAQ:BWEN) last announced its earnings results on Tuesday, July 31st. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $36.78 million for the quarter, compared to the consensus estimate of $36.30 million. Broadwind Energy had a negative net margin of 17.65% and a negative return on equity of 23.21%. On average, sell-side analysts anticipate that Broadwind Energy will post -0.61 EPS for the current fiscal year.

An institutional investor recently raised its position in Broadwind Energy stock. Dimensional Fund Advisors LP increased its position in Broadwind Energy Inc. (NASDAQ:BWEN) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 442,786 shares of the industrial products company’s stock after acquiring an additional 28,418 shares during the period. Dimensional Fund Advisors LP owned approximately 2.86% of Broadwind Energy worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 39.75% of the stock is currently owned by institutional investors.

Broadwind Energy Company Profile

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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