Is Broadwind Energy Inc. (BWEN) A Good Stock To Buy?

Because Broadwind Energy Inc. (NASDAQ:BWEN) has experienced a bearish sentiment from the smart money, we can see that there is a two hedgies who sold off their full holdings last quarter. At the top of the heap, Mark Coe’s Coe Capital Management dropped the largest investment of all the hedgies monitored by Insider Monkey, valued at an estimated $0.8 million in stock, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital was right behind this move, as the fund cut about $0.1 million worth of shares.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Broadwind Energy Inc. (NASDAQ:BWEN) but similarly valued. We will take a look at Resolute Energy Corp (NYSE:REN), China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF), Gevo, Inc. (NASDAQ:GEVO), and AEterna Zentaris Inc. (USA) (NASDAQ:AEZS). This group of stocks’ market caps are closest to BWEN’s market cap.

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $6 million, slightly higher than the $4 million in BWEN’s case. Resolute Energy Corp (NYSE:REN) is the most popular stock in this table. On the other hand China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Broadwind Energy Inc. (NASDAQ:BWEN) registers the same number of hedge funds as the least popular stock, CNTF. Considering that hedge funds aren’t fond of this stock in relation to the majority of the other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock.