Broadwind Energy (BWEN)

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Broadwind Announces $12 Million in New Tower Orders and Business Update
September 29, 2021

CICERO, Ill., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that the Company had received over $12 million in new tower orders from multiple wind turbine customers.

Including these new orders, Broadwind has sold approximately 25% of its full-year 2022 optimal tower production capacity. Broadwind expects to receive additional orders for 2022 production capacity over the coming months.

“These new tower orders provide increased visibility as we look ahead to 2022, while expanding our relationships with key wind turbine partners,” stated Eric Blashford, President and CEO of Broadwind. “Given ongoing progress around customer diversification, improved order activity and the potential passage of a production tax credit extension, we expect tower demand will begin to accelerate during 2022.”

“We currently anticipate sequential order growth of 50% in the third quarter 2021, compared with the second quarter 2021, driven by improved activity levels across each of our reporting segments,” continued Blashford. “We look forward to providing further updates during our third quarter conference call in early November.”
https://investors.bwen.com/investor-news/investor-news-details/2021/Broadwind-Announces-12-Million-in-New-Tower-Orders-and-Business-Update/default.aspx