Analysts Set $4.00 Target Price for Broadwind Energy Inc. (BWEN)

Broadwind Energy Inc. (NASDAQ:BWEN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a twelve-month consensus price objective of $4.00 for the company and are expecting that the company will post ($0.20) EPS for the current quarter, according to Zacks. Zacks has also assigned Broadwind Energy an industry rank of 97 out of 265 based on the ratings given to its competitors.

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A number of analysts recently commented on BWEN shares. ValuEngine lowered Broadwind Energy from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Broadwind Energy from a “sell” rating to a “hold” rating in a report on Friday, February 23rd.

Broadwind Energy stock traded up $0.68 during mid-day trading on Friday, reaching $3.03. 2,045,376 shares of the company’s stock were exchanged, compared to its average volume of 70,539. Broadwind Energy has a one year low of $2.10 and a one year high of $9.80. The company has a current ratio of 0.86, a quick ratio of 0.39 and a debt-to-equity ratio of 0.03.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.17). The business had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.97 million. Broadwind Energy had a negative return on equity of 11.48% and a negative net margin of 2.48%. The business’s revenue was down 63.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. sell-side analysts predict that Broadwind Energy will post 0.04 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of BWEN. Macquarie Group Ltd. bought a new stake in shares of Broadwind Energy in the third quarter valued at $166,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Broadwind Energy by 115.5% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 129,450 shares of the industrial products company’s stock valued at $352,000 after buying an additional 69,380 shares during the period. National Planning Corp bought a new stake in shares of Broadwind Energy in the third quarter valued at $436,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Broadwind Energy in the fourth quarter valued at $437,000. Finally, Advisor Group Inc. raised its stake in shares of Broadwind Energy by 1,778,170.0% in the fourth quarter. Advisor Group Inc. now owns 177,827 shares of the industrial products company’s stock valued at $484,000 after buying an additional 177,817 shares during the period. Hedge funds and other institutional investors own 43.63% of the company’s stock.

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About Broadwind Energy

Broadwind Energy, Inc provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company is engaged primarily in United States wind energy industry. The Company operates through two segments: Towers and Weldments, and Gearing.

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