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Broadwind Inc - BWEN STOCK NEWS

Welcome to our dedicated page for Broadwind news (Ticker: BWEN), a resource for investors and traders seeking the latest updates and insights on Broadwind stock.

About Broadwind Inc. (BWEN)

Broadwind Inc. is a diversified precision manufacturer specializing in the production of structures, equipment, and components for clean technology and other specialized industrial applications. Headquartered in the United States, Broadwind serves a wide range of industries, including energy, mining, and infrastructure, providing high-value, technologically advanced solutions designed to meet stringent quality and performance standards. The company leverages its extensive manufacturing expertise to support customers in optimizing the performance of their investments through innovative, efficient, and reliable solutions.

Core Business Segments

Broadwind operates through three primary business segments, each tailored to address specific market needs:

  • Heavy Fabrications: This segment focuses on the production of large-scale, precision-engineered structures, including wind turbine towers and other industrial fabrications. Broadwind's capabilities in welding, metal rolling, and coatings enable it to deliver durable, high-quality products for demanding applications.
  • Gearing: Broadwind's Gearing segment specializes in the design, manufacturing, and repair of precision gears and gearboxes. With advanced gear cutting and shaping technologies, the company serves industries requiring high-performance mechanical components, such as energy generation and heavy equipment manufacturing.
  • Industrial Solutions: This segment provides a range of engineering, assembly, and packaging solutions, catering to customers with complex systems and unique operational requirements. By offering customized solutions, Broadwind enhances its ability to serve niche markets effectively.

Capabilities and Expertise

Broadwind's manufacturing capabilities encompass a wide array of specialized processes, including heavy fabrications, welding, metal rolling, advanced coatings, gear cutting and shaping, gearbox manufacturing and repair, heat treating, and assembly. These capabilities enable the company to deliver end-to-end solutions, from initial engineering design to final packaging and delivery. Broadwind's emphasis on quality and precision ensures that its products meet the rigorous standards required by its customers.

Industry Context and Market Position

Broadwind operates in industries undergoing significant transformation, particularly the energy sector, where the shift toward renewable energy sources is driving demand for clean technology solutions. The company's expertise in manufacturing wind turbine towers positions it as a key player in the renewable energy supply chain. Additionally, its presence in the mining and infrastructure sectors allows Broadwind to diversify its revenue streams and mitigate risks associated with industry-specific cycles.

Competitive Differentiation

Broadwind differentiates itself through its ability to handle complex manufacturing tasks and deliver customized solutions tailored to specific customer needs. Its integrated approach, combining engineering, manufacturing, and repair services, provides a comprehensive value proposition that few competitors can match. This integration not only enhances operational efficiency but also strengthens customer relationships by offering a single-source solution for complex projects.

Commitment to Sustainability

Broadwind's focus on clean technology aligns with global trends toward sustainability and environmental responsibility. By manufacturing components for renewable energy systems, such as wind turbines, the company contributes to the reduction of carbon emissions and the transition to a more sustainable energy future.

Conclusion

Broadwind Inc. stands out as a precision manufacturer with a strong focus on clean technology and specialized industrial applications. Through its diversified business segments, advanced manufacturing capabilities, and commitment to quality, the company is well-positioned to serve industries with complex and evolving needs. Its strategic emphasis on sustainability and innovation further enhances its relevance in a rapidly changing global market.

Rhea-AI Summary
Broadwind (Nasdaq: BWEN) has entered into a definitive Tax Credit Transfer Agreement with MarketAxess Holdings Inc. to sell approximately $15 million of tax credits based on its domestic production and sale of eligible wind turbine components. The company expects to improve its liquidity profile entering 2024 and further invest in value-creating opportunities.
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Broadwind, Inc. (BWEN) Announces Strong Q3 2023 Results with Revenue Up 27% YoY and Non-GAAP Adjusted EBITDA Up 5.7M YoY
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BWEN: Broadwind Reschedules Q3 2023 Results Conference Call to November 13, 2023. Webcast and Presentation Materials Available. Live teleconference and replay details provided.
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Broadwind (Nasdaq: BWEN) will release its Q3 2023 results on November 8, 2023, followed by a conference call at 10:00 A.M. ET. A webcast of the call will be available on the company's website. To participate in the live teleconference, dial 877-407-9716.
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Broadwind reports Q2 2023 results with revenue of $50.8 million, gross profit of $8.3 million, and GAAP net income of $1.4 million. Non-GAAP adjusted EBITDA increases to $5.4 million. Total backlog grows to $262.2 million. Full-year revenue guidance maintained at $205-220 million and Adjusted EBITDA guidance increased to $17-19 million. Heavy Fabrications segment sales decline 5% while Gearing segment sales increase 9% and Industrial Solutions segment sales increase 24%.
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Broadwind announces CEO and CFO attendance at Craig-Hallum Institutional Investor Conference.
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Broadwind, Inc. announces Q1 2023 results with total revenue of $48.9 million, +17% YoY. Total gross profit of $7.0 million, +$5.0 million YoY. Total GAAP Net Income of $0.8 million, +$3.2 million YoY. Total backlog of $287.8 million, +$170.7 million YoY. Full-year 2023 financial guidance: Total revenue of $205 million to $220 million, positive GAAP net income, total non-GAAP adjusted EBITDA of $16 million to $18 million.
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FAQ

What is the current stock price of Broadwind (BWEN)?

The current stock price of Broadwind (BWEN) is $1.56 as of March 6, 2025.

What is the market cap of Broadwind (BWEN)?

The market cap of Broadwind (BWEN) is approximately 34.5M.

What does Broadwind Inc. specialize in?

Broadwind Inc. specializes in precision manufacturing of structures, equipment, and components for clean technology and other industrial applications.

What industries does Broadwind serve?

Broadwind serves industries such as energy, mining, and infrastructure, focusing on clean technology and specialized industrial applications.

What are Broadwind's main business segments?

Broadwind operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions, each catering to specific market needs.

How does Broadwind contribute to renewable energy?

Broadwind manufactures components for renewable energy systems, such as wind turbine towers, supporting the transition to sustainable energy solutions.

What differentiates Broadwind from its competitors?

Broadwind differentiates itself through its ability to handle complex manufacturing tasks, deliver customized solutions, and provide integrated engineering, manufacturing, and repair services.

What capabilities does Broadwind offer?

Broadwind's capabilities include heavy fabrications, welding, metal rolling, coatings, gear cutting, gearbox manufacturing and repair, heat treating, and assembly.

Is Broadwind involved in sustainable practices?

Yes, Broadwind focuses on clean technology and contributes to sustainability by manufacturing components for renewable energy systems like wind turbines.

What is Broadwind's market position in the energy sector?

Broadwind is a key player in the renewable energy supply chain, leveraging its expertise in manufacturing wind turbine towers and other clean technology components.
Broadwind Inc

Nasdaq:BWEN

BWEN Rankings

BWEN Stock Data

34.50M
19.50M
11.03%
29.44%
0.52%
Specialty Industrial Machinery
Nonferrous Foundries (castings)
Link
United States
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