Broadwind, Inc. Common Stock
BWENBroadwind, Inc. (BWEN) is a manufacturing company specializing in precision gear manufacturing, custom metal components, and tower components primarily for the energy, defense, and infrastructure markets. The company provides engineered solutions for wind turbines, industrial gearboxes, and other energy-related equipment. Broadwind has a focus on serving renewable and industrial sectors with high-precision manufacturing and complex assembly capabilities.
Company News
Broadwind has secured $11 million in new tower orders from a leading global wind turbine manufacturer, to be manufactured at its Abilene, Texas facility and fulfilled in Q1 2026, positioning the company for a strong start to the year.
Pomerantz LLP is investigating potential securities fraud at Broadwind after the company reported a quarterly loss, suspended financial guidance, and experienced a stock price drop of 14.46% following an asset sale announcement.
Broadwind will release its second quarter 2025 financial results on August 12, 2025, with a conference call at 11:00 a.m. ET to discuss financial performance and recent events.
Broadwind has secured a $6 million follow-on order from a leading OEM in the natural gas turbine power generation market, with production expected to begin in Q4 2025 and fulfill orders in 2026 and 2027.
Broadwind announced the sale of its industrial fabrication operations in Manitowoc, WI for $13 million. The divestiture is expected to optimize the company's asset base, improve operating leverage, and enhance liquidity while reducing net leverage.
