Zacks Investment Research upgraded shares of Infrastructure and Energy Alternatives (NYSE:IEA) from a hold rating to a buy rating in a research report released on Thursday. Zacks Investment Research currently has $12.00 price objective on the stock.
According to Zacks, “Infrastructure & Energy Alternatives, LLC is an infrastructure construction company with specialized energy and heavy civil expertise. The company provides an engineering, procurement and construction services supporting the renewable energy, traditional power, petrochemicals and civil infrastructure markets. Infrastructure & Energy Alternatives, LLC is based in Westchester, Illinois. “
IEA stock traded down $0.02 during trading on Thursday, hitting $10.69. 345 shares of the company’s stock traded hands, compared to its average volume of 131,165. Infrastructure and Energy Alternatives has a 52 week low of $8.25 and a 52 week high of $11.27.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter valued at $144,000. Bank of America Corp DE purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter valued at $282,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Infrastructure and Energy Alternatives in the second quarter valued at $307,000. Royce & Associates LP raised its stake in shares of Infrastructure and Energy Alternatives by 5.6% in the second quarter. Royce & Associates LP now owns 655,000 shares of the company’s stock valued at $6,098,000 after acquiring an additional 35,000 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Infrastructure and Energy Alternatives in the first quarter valued at $313,000.
Infrastructure and Energy Alternatives Company Profile
Infrastructure and Energy Alternatives, Inc, an infrastructure construction company, provides engineering, procurement, construction, and maintenance services. It offers design, site development, construction, installation, and restoration of infrastructure services for the wind, solar, thermal, and biomass/alternative fuel power plants; and highways, bridges, and railroads, as well as provides other industrial services.
Featured Story: Momentum Indicator: Relative Strength Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Infrastructure and Energy Alternatives Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infrastructure and Energy Alternatives and related companies with MarketBeat.com's FREE daily email newsletter.