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Benzinga
Benzinga
Business
Akanksha Bakshi

Broadwind Bags $13M In New Tower Orders

BWEN Abilene
  • 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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