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Benzinga

Business

Akanksha Bakshi

Broadwind Bags $13M In New Tower Orders

Broadwind Inc (NASDAQ:BWEN) has received $13 million in new tower orders from a global wind turbine manufacturer.
Broadwind has booked ~50% of its FY22 optimal annual tower production capacity, including this order.
The company expects to schedule additional 2022 bookings over the coming months as OEM customers seek to secure additional production capacity.
"Over the last thirty days, we have received a total of $29 million in tower orders, all of which will be fulfilled at our Abilene plant-primarily during the third quarter of 2022," stated Eric Blashford, President and CEO of Broadwind.
Price Action: BWEN shares are trading higher by 0.92% at $2.19 during the premarket session on Tuesday.

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