Broadwind Energy Inc. (NASDAQ:BWEN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price target of $3.50 for the company and are forecasting that the company will post ($0.27) earnings per share for the current quarter, according to Zacks. Zacks has also given Broadwind Energy an industry rank of 100 out of 255 based on the ratings given to its competitors.
Get Broadwind Energy alerts:A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Broadwind Energy from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a report on Wednesday, January 23rd. ValuEngine raised Broadwind Energy from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Finally, Roth Capital assumed coverage on Broadwind Energy in a report on Thursday, December 20th. They issued a “buy” rating and a $6.00 price target for the company.
BWEN traded down $0.02 on Thursday, reaching $1.37. The company’s stock had a trading volume of 50,400 shares, compared to its average volume of 20,380. The company has a quick ratio of 0.39, a current ratio of 0.89 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $22.22 million, a price-to-earnings ratio of -2.49 and a beta of 1.67. Broadwind Energy has a fifty-two week low of $1.15 and a fifty-two week high of $3.28.
An institutional investor recently raised its position in Broadwind Energy stock. Dimensional Fund Advisors LP grew its position in Broadwind Energy Inc. (NASDAQ:BWEN) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 442,786 shares of the industrial products company’s stock after acquiring an additional 28,418 shares during the quarter. Dimensional Fund Advisors LP owned about 2.86% of Broadwind Energy worth $1,045,000 at the end of the most recent reporting period. 41.25% of the stock is currently owned by hedge funds and other 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.
Featured Story: Strike Price
Get a free copy of the Zacks research report on Broadwind Energy (BWEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment