Broadwind (BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced an order from a wind turbine customer, representing a total value of approximately $19 million. The Company expects to deliver the tower sections to the customer through early 2021, with the majority of revenue resulting from the order occurring in the fourth quarter 2020. Including this order, Broadwind has approximately 80% of its full-year 2020 tower production capacity in backlog.

Broadwind Energy, Inc. (NASDAQ:BWEN), which is in the electrical business, and is based in United States, received a...

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Shares of Broadwind Energy Inc. were vaulted 74% higher on heavy volume to pace all premarket gainers Tuesday, after the clean technology components maker announced an order valued at $19 million from a wind turbine customer. Trading volume topped 1.8 million shares, compared with the full-day average of about 28,000 shares. The company expects most of the revenue from the order to be recorded in the fourth quarter of 2020. The company said it now has about 80% of its 2020 tower production capacity in backlog. To put the value of the order in context, Broadwind recorded $178.2 million in revenue in 2019, up from $125.4 million in 2018. The stock, which was trading around the highest closing price seen since July 2018, has last 16.3% year to date through Monday, while the S&P 500 has declined 10.9%.

CICERO, Ill., May 08, 2020 -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced.

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Shares of Broadwind (NASDAQ:BWEN) remained unaffected at $1.62 after the company reported Q1 results.Quarterly Results Earnings per share increased 185.71% over the past year to $0.06, which beat the estimate of $0.02.Revenue of $48,634,000 rose by 16.74% year over year, which missed the estimate of $49,600,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 08, 2020View more earnings on BWENWebcast URL: http://public.viavid.com/player/index.php?id=138714Recent Stock Performance 52-week high: $2.5952-week low: $1.12Price action over last quarter: down 20.98%Company Description Broadwind inc, formerly Broadwind Energy Inc provides technologically value products to energy, mining, and infrastructure sector customers in the United States of America. It operates through three operating segments namely Heavy Fabrications segment manufactures towers for wind turbines, specifically the large and heavier wind towers that are designed for multiple megawatt wind turbines; Gearing segment engineers, builds and remanufactures precision gears and gearing systems for oil and gas, wind energy, mining, steel and other industrial applications; Industrial Solutions segment which provides contract manufacturing services throughout the U.S. and in foreign countries, primarily supporting the natural gas turbine power generation market.See more from Benzinga * Recap: Endeavour Silver Q1 Earnings * SunCoke Energy: Q1 Earnings Insights * Recap: Synlogic Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Q1 2020 Broadwind Inc Earnings Call

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A conference call will be held that same day at 11:00 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session. These statements are based on information currently available to us and are subject to various risks, uncertainties and other factors that could cause our actual growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities to differ materially from those expressed in, or implied by, these statements.

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