J.P. Morgan Reiterates Hold On Broadwind Energy (BWEN)

J.P. Morgan is out with its report on Broadwind Energy (NASDAQ: BWEN), maintaining its Hold rating.

"Yesterday, Broadwind announced it had sold its Badger Transport operation, as it was no longer considered a core business for the company," writes J.P. Morgan. "This sale removes a money losing business and incrementally helps the company's balance sheet. Overall, we think the transaction is positive for the company's longer term prospects."

Shares of BWEN closed Monday at $1.35.