Broadwind Bags $16M In New Tower Orders

Broadwind Inc BWEN has received $16 million in new tower orders from a global wind turbine manufacturer.
The company has sold greater than 40% of its FY22 optimal annual tower production capacity, including these new orders.
Broadwind expects to schedule additional 2022 bookings over the coming months as OEM customers seek to secure additional production capacity.
"Recently, we have begun to receive increased interest from our wind turbine OEM customers regarding tower capacity for the second half of 2022." stated CEO Eric Blashford.
"Although we remain in the early phase of a broader recovery in onshore wind tower demand, we are encouraged by these new orders, which will go into production at our Abilene plant during the third quarter of 2022."
Price Action: BWEN shares are trading higher by 12.9% at $1.93 on the last check Tuesday.