Last $7.82 USD
Change Today -0.08 / -1.01%
Volume 47.9K
BWEN On Other Exchanges
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

broadwind energy inc (BWEN) Snapshot

Open
$7.91
Previous Close
$7.90
Day High
$7.91
Day Low
$7.68
52 Week High
04/2/14 - $14.00
52 Week Low
12/10/13 - $5.10
Market Cap
115.4M
Average Volume 10 Days
85.3K
EPS TTM
$0.11
Shares Outstanding
14.8M
EX-Date
--
P/E TM
74.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for BROADWIND ENERGY INC (BWEN)

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broadwind energy inc (BWEN) Details

Broadwind Energy, Inc. provides products and services to the energy, mining, and infrastructure sector customers primarily in the United States. The company operates through three segments: Towers and Weldments, Gearing, and Services. The Towers and Weldments segment offers towers that are designed for 2 megawatt and larger wind turbines, as well as specialty fabrications and specialty weldments for mining and other industrial customers. The Gearing segment engineers, builds, and remanufactures precision gears and gearing systems for oil and gas, wind energy, mining, steel, and other industrial applications. The Services segment provides a range of services, including non-routine maintenance services for kilowatt and megawatt turbines primarily to wind farm developers and operators. This segment also offers field services to the wind energy industry; and operates drivetrain service center, which provides precision repair and testing services. The company provides its products and services to various wind energy customers, such as wind turbine manufacturers, wind farm developers, and wind farm operators, as well as oil and gas, mining, and other infrastructure industries. Broadwind Energy, Inc. sells its products through its sales force and manufacturers' representatives. The company was formerly known as Tower Tech Holdings Inc. and changed its name to Broadwind Energy, Inc. in 2008. Broadwind Energy, Inc. is headquartered in Cicero, Illinois.

775 Employees
Last Reported Date: 03/12/14

broadwind energy inc (BWEN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $334.0K
Compensation as of Fiscal Year 2013.

broadwind energy inc (BWEN) Key Developments

Broadwind Energy, Inc. Announces $11 Million in New Tower Orders

Broadwind Energy, Inc. announced $11 million in new tower orders from a U.S. wind turbine manufacturer. Broadwind will produce these towers in its Manitowoc, Wisconsin facility for 2015 delivery.

Broadwind Energy, Inc. Announces $14 Million in New Tower Orders

Broadwind Energy, Inc. announced $14 million in new tower orders from a U.S. wind turbine manufacturer. The company will produce these towers in its Manitowoc, WI and Abilene, TX facilities.

Broadwind Energy, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revised Earnings Guidance for the Year of 2014

Broadwind Energy, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $68,381,000 against $52,945,000 a year ago. Operating income was $2,101,000 against operating loss of $2,488,000 a year ago. Net income from continuing operations before provision for income taxes was $1,901,000 against $418,000 a year ago. Income from continuing operations was $1,860,000 against $404,000 a year ago. Net income was $1,860,000 against $404,000 a year ago. Diluted earnings per share were $0.12 against $0.03 a year ago. Total adjusted EBITDA was $5,910,000 against $3,549,000 a year ago. For the six months, the company reported revenues of $127,181,000 against $98,451,000 a year ago. Operating income was $1,106,000 against operating loss of $6,972,000 a year ago. Net income from continuing operations before provision for income taxes was $882,000 against net loss form continuing operations before provision for income taxes of $4,109,000 a year ago. Income from continuing operations was $817,000 against loss form continuing operation of $4,145,000 a year ago. Net income was $817,000 against net loss of $4,355,000 a year ago. Diluted earnings per share were $0.05 against diluted loss per share of $0.29 a year ago. Net cash used in operating activities was $10,546,000 against net cash from operating activities of $13,776,000 a year ago. Purchases of property and equipment were $4,542,000 against $2,729,000 a year ago. Total adjusted EBITDA was $8,717,000 against $4,885,000 a year ago. The company expects operating results for the third quarter of 2014 to improve sequentially. With the increased demand for blade repairs and improvements and oil trucks sold out, the revenue should reach about $5 million, and the operating loss should narrow. The company projects revenue in the $65 million to $68 million, up from the $60.9 million in 2013. The company is projecting a small positive operating profit and EPS of $0.02 to $0.06 per share. The company also updated full year outlook modestly. The company announced that end up the year 2014 with about $7 million in total of capital expenditures. Full year EBITDA should exceed $16 million, and its EPS should grow modestly in the second half. The company reduced revenue outlook range to $255 million to $265 million.

 

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