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BWEN PR OUT! READ BELOW
Broadwind Energy to Manufacture Mining Machinery Components for Caterpillar
Broadwind's diversification into broader energy and infrastructure space gains momentum, grows U.S. jobs
NAPERVILLE, Ill., Nov 22, 2011 (BUSINESS WIRE) -- Broadwind Energy, Inc. BWEN +19.17% will manufacture welded sub-assemblies for Caterpillar's lines of large draglines, crawlers and excavating equipment. These components will be produced in Broadwind's facilities in Abilene, Texas and Manitowoc, Wisconsin. This work, along with the expansion of Broadwind's wind tower business in 2012, should create approximately 50 new jobs.
"This collaboration fits well with our strategic initiatives to leverage our core competencies beyond the wind industry and diversify our revenue base. We believe this is the first step in expanding our relationship with Caterpillar as we continue to collaborate," said Paul Smith, president of Broadwind Towers.
About Broadwind Energy, Inc.
Broadwind Energy BWEN +19.17% applies decades of deep industrial expertise to innovate integrated solutions for customers in the energy and infrastructure markets. From gears and gearing systems for wind, oil and gas and mining applications to wind towers, to comprehensive remanufacturing of gearboxes and blades, to operations and maintenance services, and specialty weldments, we have solutions for the energy needs of the future. With facilities throughout the U.S., Broadwind Energy's talented team of 800 employees is committed to helping customers maximize performance of their investments--quicker, easier and smarter. Find out more at www.bwen.com .
Forward-Looking Statements
This news release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995--that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "anticipate," "believe," "intend," "expect," "plan," "will" or other similar words. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company's forward looking statements may include or relate to the Company's plans to grow its business and its expectations regarding its operations, the creation of new jobs and the business of its customers; the Company's expectations regarding its plan to restructure its operations by consolidating its operations; the sufficiency of the Company's working capital; and the Company's expectations regarding the state of the wind energy market generally, as well as the Company's expectations relating to the economic downturn and the potential impact on its business and the business of its customers. For further discussion of risks and uncertainties, individuals should refer to the Company's SEC filings. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this news release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. All forward-looking statements are qualified in their entirety by this cautionary statement.
SOURCE: Broadwind Energy, Inc.
Broadwind Energy, Inc.
John Segvich, 630.995.7137
john.segvich@bwen.com
Copyright Business Wire 2011
http://www.marketwatch.com/story/broadwind-energy-to-manufacture-mining-machinery-components-for-caterpillar-2011-11-22
BWEN exploding! .55 now
BWEN closing strong! can't wait for tomorrow :)
BWEN ready to go...better get in before tomorrow morning :)
Great day so far for BWEN in an extremely red market
More insider buying is always a good thing
BWEN reminds me a ton of PEIX! Insider buys and stock floating between .4-.6 range and then take off
Thanks cjboro. I'm looking for a position now. Waiting for my 10K to get filled
XFN Can you post the link for the acquisition and the insider buys please?
Is there a link to verify this?
people going to flip SAPX prob till around .4 until the surge hits again.
looking for any suggestions for an entry point in a stock monday between .2-.5...help please?
gotta love the friday trickle down :(
CFW is hovering around support...should bounce today
holding SAPX till at least $1.50
SAPX BLOWN PAST .4'S!
sapx going to fly up today. keep in on your radar
lOOK OUT FOR SAPX. MASTERTRADER DID GREAT DD. ZACKS $4 ESTIMATE
I'm in SAPX as well @.29 I've found MASTERTRADER knows his stuff and following his trades has worked out well for me :)
same here. CFW on the rise
thought on CFW?
look for a breakout after lunch. CFW
CFW chart does look good. got my 10K in....needs a little ask slapping :)
when are they releasing their Q3 results?
hey doc good to see you again. you helped me make a ton of $$ on previous trades...where is a good entry point here (be honest). Where is the support and resistance now?
My bad on the TIV call...Q3 results are not good. I really thought the price of oil would help...In @ .22 and out @ .21...not to bad for a loss
I'm out too. My bad with the call on TIV. I really thought they were going to profit from the increased oil prices. Oh well i got in @ .22 and out at .21. not a bad loss
also, most companies don't delay their reports to report worse news :)
oil and natural gas prices have been high for the third quarter, which would increase sales/rev. Plus they have been talking about expanding/developing new facilities
look out for TIV! should be same outbreak as PEIX and BIOF when results are released today or tomorrow
It should be a very good report. Similar increases as PEIX and BIOF...maybe not run to $1, but I see .50 in the near future. Also, the report could come out today as well. It says they have to file by the 18, not on the 18th...Make sure you have your shares before that thing comes out
this stock is absolutely exploding
THATS RIGHT! and TIV isn't overbought like PEIX and especially BIOF
TIV RUNNING YET AGAIN!
BOOOM!
really? TIV is running right now
run TIV run! people are finally seeing this is going to perform like PEIX and BIOF! All oil based companies and oil is freaking booming! no brainer
Look @ PEIX again! passing the 1.4's...It's a beast!!
TIV up 13% early on...will be the next peix/biof
TIV Running! up 13% already! TIV is the next PEIX/BIOF play still in the .2 range...huge gains