We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Broadwind Energy's Prospects Solid on Tower Contracts
Read MoreHide Full Article
Machinery company Broadwind Energy, Inc. (BWEN - Free Report) recently announced that it has secured a tower-supply contract from a U.S.-based wind turbine manufacturer. The contract will strengthen the company’s presence in the wind turbine market of the country.
As revealed, Broadwind Energy will manufacture the towers at its facilities located in Manitowoc, WI. The contract, valued at approximately $11 million, is anticipated to be completed in fourth-quarter 2016.
In Jun 2016, Broadwind Energy won a similar tower-supply contract, worth $137 million, from a U.S.-based wind turbine manufacturer. This order is to be executed at the company’s facilities in Manitowoc, WI and Abilene, TX. We believe such back-to-back contract wins reflect the customers’ growing preference for Broadwind’s products.
Broadwind Energy is engaged in providing products and services to the energy, mining and infrastructure sectors in the U.S. Exiting first-quarter 2016, the company’s new orders nearly doubled year-over-year to $39 million while the same is roughly over $200 million year-to-date. In the quarters ahead, the company anticipates benefiting from improving production capacity as well as tight cost management. Revenues is predicted to be roughly $42−$44 million in the second quarter. div class="chart_embed">
Broadwind Energy currently has market capitalization of $65 million. The company encounters competition from other players in the machinery industry including Kadant Inc. (KAI - Free Report) , Nordson Corporation (NDSN - Free Report) and Altra Industrial Motion Corp. . While both Kadant and Nordson Corporation sport a Zacks Rank #1 (Strong Buy), Altra Industrial Motion carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Broadwind Energy's Prospects Solid on Tower Contracts
Machinery company Broadwind Energy, Inc. (BWEN - Free Report) recently announced that it has secured a tower-supply contract from a U.S.-based wind turbine manufacturer. The contract will strengthen the company’s presence in the wind turbine market of the country.
As revealed, Broadwind Energy will manufacture the towers at its facilities located in Manitowoc, WI. The contract, valued at approximately $11 million, is anticipated to be completed in fourth-quarter 2016.
In Jun 2016, Broadwind Energy won a similar tower-supply contract, worth $137 million, from a U.S.-based wind turbine manufacturer. This order is to be executed at the company’s facilities in Manitowoc, WI and Abilene, TX. We believe such back-to-back contract wins reflect the customers’ growing preference for Broadwind’s products.
Broadwind Energy is engaged in providing products and services to the energy, mining and infrastructure sectors in the U.S. Exiting first-quarter 2016, the company’s new orders nearly doubled year-over-year to $39 million while the same is roughly over $200 million year-to-date. In the quarters ahead, the company anticipates benefiting from improving production capacity as well as tight cost management. Revenues is predicted to be roughly $42−$44 million in the second quarter. div class="chart_embed">
BROADWIND ENRGY Price
BROADWIND ENRGY Price | BROADWIND ENRGY Quote
Broadwind Energy currently has market capitalization of $65 million. The company encounters competition from other players in the machinery industry including Kadant Inc. (KAI - Free Report) , Nordson Corporation (NDSN - Free Report) and Altra Industrial Motion Corp. . While both Kadant and Nordson Corporation sport a Zacks Rank #1 (Strong Buy), Altra Industrial Motion carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>