Broadwind Energy (NASDAQ:BWEN) Trading Up 11%

Broadwind Energy Inc. (NASDAQ:BWEN) was up 11% during mid-day trading on Friday . The stock traded as high as $2.59 and last traded at $2.22. Approximately 237,598 shares changed hands during trading, an increase of 731% from the average daily volume of 28,583 shares. The stock had previously closed at $2.00.

Several analysts recently issued reports on BWEN shares. ValuEngine raised shares of Broadwind Energy from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Broadwind Energy from a “sell” rating to a “hold” rating and set a $2.00 price target for the company in a report on Monday, April 29th. Finally, Roth Capital increased their price target on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a report on Monday, April 29th.

The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.36 and a current ratio of 0.84. The stock’s fifty day simple moving average is $1.99.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Broadwind Energy had a negative net margin of 14.85% and a negative return on equity of 18.72%. The firm had revenue of $41.66 million during the quarter, compared to the consensus estimate of $37.90 million. As a group, equities analysts anticipate that Broadwind Energy Inc. will post -0.08 EPS for the current year.

About Broadwind Energy (NASDAQ:BWEN)

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 fabrications of heavy weldments for mining and other industrial customers.

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