Broadwind Energy, Inc. (NASDAQ:BWEN) Short Interest Up 550.4% in May

Broadwind Energy, Inc. (NASDAQ:BWEN) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 566,552 shares, an increase of 550.4% from the April 30th total of 87,111 shares. Based on an average trading volume of 3,022,616 shares, the short-interest ratio is currently 0.2 days. Approximately 2.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts recently issued reports on BWEN shares. Weiss Ratings upgraded Broadwind Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wall Street Zen lowered Broadwind Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Broadwind Energy in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Broadwind Energy presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Hedge Funds Weigh In On Broadwind Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Broadwind Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 127,727 shares of the industrial products company’s stock valued at $266,000 after buying an additional 9,561 shares during the period. Aristides Capital LLC grew its position in shares of Broadwind Energy by 13.1% in the 1st quarter. Aristides Capital LLC now owns 144,930 shares of the industrial products company’s stock worth $301,000 after buying an additional 16,797 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Broadwind Energy by 154.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 434,861 shares of the industrial products company’s stock worth $905,000 after acquiring an additional 263,825 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Broadwind Energy by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 291,801 shares of the industrial products company’s stock worth $607,000 after acquiring an additional 26,546 shares in the last quarter. Finally, James Investment Research Inc. lifted its position in Broadwind Energy by 124.0% during the 1st quarter. James Investment Research Inc. now owns 27,100 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 15,000 shares during the period. Institutional investors own 33.27% of the company’s stock.

Broadwind Energy Trading Up 1.2%

Shares of BWEN opened at $3.69 on Thursday. Broadwind Energy has a 1-year low of $1.63 and a 1-year high of $4.90. The firm has a market capitalization of $86.23 million, a price-to-earnings ratio of 17.26 and a beta of 1.73. The firm’s 50-day moving average price is $2.61 and its 200-day moving average price is $2.78. The company has a current ratio of 1.92, a quick ratio of 0.65 and a debt-to-equity ratio of 0.11.

Broadwind Energy (NASDAQ:BWEN) last issued its quarterly earnings data on Tuesday, May 12th. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.05. Broadwind Energy had a net margin of 3.30% and a negative return on equity of 2.05%. The business had revenue of $34.06 million during the quarter, compared to analyst estimates of $32.72 million. Sell-side analysts anticipate that Broadwind Energy will post -0.08 EPS for the current year.

Broadwind Energy Company Profile

Broadwind Energy, Inc (NASDAQ: BWEN) is an engineering and manufacturing company focused on the design, production and service of heavy industrial equipment for energy infrastructure and related markets. The company’s offerings include custom-engineered gearboxes, couplings, hydrodynamic drives and utility-scale wind turbine towers. In addition to new equipment, Broadwind Energy provides aftermarket repair, refurbishment and testing services to support the long-term operation of energy and industrial assets.

The company operates through two principal segments.