Broadwind Bags $11M In New Tower Orders

Broadwind Inc BWEN has received $11 million in new tower orders from a global wind turbine manufacturer.
The company expects to recognize the revenue resulting from the order in 1Q23.
BWEN will manufacture the tower sections at its Abilene, Texas facility and expects to complete production on the order between 4Q22 and 1Q23.
"We are pleased to announce this important wind tower order with a major OEM customer, one that will support improved plant utilization during the latter half of 2022," stated Eric Blashford, President and CEO of Broadwind.
Price Action: BWEN shares are trading higher by 2.65% at $3.10 on the last check Tuesday.