Machinery company Broadwind Energy, Inc. (BWEN - Free Report) recently announced that it has secured a tower-supply contract. It will strengthen the company’s presence in the wind turbine market in the U.S.
In the last one year, Broadwind Energy, Inc.’s shares yielded return of 93.84%, above the return of 40.06% recorded by the Zacks categorized Machinery General Industrial industry.
As revealed, Broadwind Energy will manufacture the towers at its facilities located in Manitowoc, WI and Abilene, TX. The contract, valued at approximately $28 million, is anticipated to be completed in 2017.
In Dec 2016, Broadwind Energy won a similar tower-supply contract, worth $23 million, from a U.S.-based wind turbine manufacturer. This order is to be executed at the company’s facilities in Manitowoc and Abilene. We believe such back-to-back contract wins reflect the customers’ growing preference for the company’s products.
Broadwind Energy is engaged in providing products and services to the energy, mining and infrastructure sectors in the U.S. Exiting third-quarter 2016, the company’s new orders nearly doubled year over year to $27.5 million while the same is roughly over $242.7 million year to date. In the quarters ahead, the company anticipates benefiting from improving production capacity as well as tight cost management. Revenues are predicted to be roughly $44−$46 million in the fourth quarter.
Broadwind Energy currently has market capitalization of $60.9 million and carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the industry include Altra Industrial Motion Corp. , RBC Bearings Incorporated and Sun Hydraulics Corporation . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Altra Industrial Motion Corporation reported better-than-expected results in the last four quarters, with an average positive earnings surprise of 8.06%. Also, earnings expectations for 2017 improved over the past 60 days.
RBC Bearings Incorporated’s earnings estimates for fiscal 2018 have been revised upward over the last 60 days. Also, the company has an average positive earnings surprise of 1.60%.
Sun Hydraulics Corporation has witnessed positive revisions in earnings estimates for 2017, over the past 60 days.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Machinery company Broadwind Energy, Inc. (BWEN - Free Report) recently announced that it has secured a tower-supply contract. It will strengthen the company’s presence in the wind turbine market in the U.S.
In the last one year, Broadwind Energy, Inc.’s shares yielded return of 93.84%, above the return of 40.06% recorded by the Zacks categorized Machinery General Industrial industry.
As revealed, Broadwind Energy will manufacture the towers at its facilities located in Manitowoc, WI and Abilene, TX. The contract, valued at approximately $28 million, is anticipated to be completed in 2017.
In Dec 2016, Broadwind Energy won a similar tower-supply contract, worth $23 million, from a U.S.-based wind turbine manufacturer. This order is to be executed at the company’s facilities in Manitowoc and Abilene. We believe such back-to-back contract wins reflect the customers’ growing preference for the company’s products.
Broadwind Energy is engaged in providing products and services to the energy, mining and infrastructure sectors in the U.S. Exiting third-quarter 2016, the company’s new orders nearly doubled year over year to $27.5 million while the same is roughly over $242.7 million year to date. In the quarters ahead, the company anticipates benefiting from improving production capacity as well as tight cost management. Revenues are predicted to be roughly $44−$46 million in the fourth quarter.
Broadwind Energy currently has market capitalization of $60.9 million and carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the industry include Altra Industrial Motion Corp. , RBC Bearings Incorporated and Sun Hydraulics Corporation . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Altra Industrial Motion Corporation reported better-than-expected results in the last four quarters, with an average positive earnings surprise of 8.06%. Also, earnings expectations for 2017 improved over the past 60 days.
RBC Bearings Incorporated’s earnings estimates for fiscal 2018 have been revised upward over the last 60 days. Also, the company has an average positive earnings surprise of 1.60%.
Sun Hydraulics Corporation has witnessed positive revisions in earnings estimates for 2017, over the past 60 days.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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