Broadwind Energy (BWEN) Downgraded by ValuEngine to “Hold”

ValuEngine downgraded shares of Broadwind Energy (NASDAQ:BWEN) from a buy rating to a hold rating in a research note published on Monday morning, ValuEngine reports.

A number of other research analysts have also recently commented on BWEN. Zacks Investment Research raised Broadwind Energy from a hold rating to a buy rating and set a $1.75 price target on the stock in a research report on Wednesday, January 23rd. Roth Capital assumed coverage on Broadwind Energy in a research report on Thursday, December 20th. They set a buy rating and a $6.00 price target on the stock.

Shares of NASDAQ BWEN opened at $1.62 on Monday. Broadwind Energy has a one year low of $1.15 and a one year high of $3.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.83. The firm has a market cap of $26.63 million, a PE ratio of -1.91 and a beta of 1.70.

An institutional investor recently raised its position in Broadwind Energy stock. Grace & White Inc. NY grew its position in shares of Broadwind Energy Inc. (NASDAQ:BWEN) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,812,742 shares of the industrial products company’s stock after buying an additional 261,755 shares during the period. Grace & White Inc. NY owned 11.61% of Broadwind Energy worth $2,357,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.55% of the company’s stock.

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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