Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets; and steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment offers gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. The Industrial Solutions segment provides supply chain solutions, inventory management, and kitting and assembly services to natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.
IPO Year:
Exchange: NASDAQ
Website: bwen.com
Date | Price Target | Rating | Analyst |
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1/17/2023 | $12.00 | Neutral → Buy | H.C. Wainwright |
11/16/2021 | Buy → Accumulate | Johnson Rice |
CICERO, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company")), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2024. THIRD QUARTER 2024 RESULTS Total revenue of $35.5 millionNet income of $0.1 millionTotal non-GAAP adjusted EBITDA of $3.4 million, or 9.5% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.4x as of September 30, 2024 Broadwind reported third quarter net income of $0.1 million, or $0.00 per diluted share, versus $4.4 million, or $0.
CICERO, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2024 results before the market opens on Wednesday, November 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast
CICERO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2024. SECOND QUARTER 2024 RESULTS Total revenue of $36.5 millionNet income of $0.5 million, or $0.02 per diluted shareTotal non-GAAP adjusted EBITDA of $3.6 million, or 10.0% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.1x as of June 30, 2024 Broadwind reported second quarter net income of $0.5 million, or $0.02 per diluted share, versus $1.4 million, or $0.07 per diluted share, in the prior year period. Th
CICERO, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue second quarter 2024 results before the market opens on Tuesday, August 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast, go to
CICERO, Ill., May 14, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2024. FIRST QUARTER 2024 RESULTS Total revenue of $37.6 millionNet income of $1.5 million, or $0.07 per diluted shareTotal non-GAAP adjusted EBITDA of $4.2 million, or 11.1% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 0.6x as of March 31, 2024 Broadwind reported first quarter net income of $1.5 million, or $0.07 per diluted share, versus $0.8 million, or $0.04 per diluted share, in the year-ago period. The Com
CICERO, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue first quarter 2024 results before the market opens on Tuesday, May 14, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast, go to th
CICERO, Ill., March 05, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the fourth quarter and full-year 2023. FOURTH QUARTER 2023 RESULTS(As compared to the fourth quarter 2022) Total revenue of $46.6 million, +16.3% y/yTotal gross profit of $7.0 million, +$4.5 million y/yNet income of $1.1 million, or $0.05 per diluted shareTotal non-GAAP adjusted EBITDA of $4.4 million, +$4.3 million y/yTotal tower sections sold +37.5% y/y to 132 sectionsRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 0.8x as of December 31, 2023
CICERO, Ill., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue fourth quarter and full-year 2023 results before the market opens on Tuesday, March 5, 2024. A conference call will be held that same day at 12:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broa
CICERO, Ill., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN, "Broadwind" or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2023. THIRD QUARTER 2023 RESULTS(As compared to the third quarter 2022) Revenue of $57.2 million, +$12.3 million y/yGAAP Net Income of $4.4 million, or $0.20 per diluted share, +$6.2 million y/yNon-GAAP Adjusted EBITDA of $7.6 million, +$5.7 million y/yRatio of net debt to trailing twelve-month Non-GAAP Adjusted EBITDA of 1.7x as of September 30, 2023Total backlog of $220.8 million, +$88.6 million y/y, as of September 30, 2023
CICERO, Ill., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, has rescheduled its third quarter 2023 results conference call and webcast to Monday, November 13, 2023, at 12:00 p.m. ET. Broadwind intends to issue its third quarter 2023 results that same day before the open of the U.S. equity markets. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast, go to the site at least 15 minutes prior to the sche
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H.C. Wainwright upgraded Broadwind Energy from Neutral to Buy and set a new price target of $12.00
Johnson Rice downgraded Broadwind Energy from Buy to Accumulate
Roth Capital reiterated coverage of Broadwind with a rating of Buy and set a new price target of $8.00 from $10.00 previously
Roth Capital reiterated coverage of Broadwind with a rating of Buy and set a new price target of $12.50 from $4.00 previously
HC Wainwright & Co. downgraded Broadwind from Buy to Neutral
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CICERO, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company")), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2024. THIRD QUARTER 2024 RESULTS Total revenue of $35.5 millionNet income of $0.1 millionTotal non-GAAP adjusted EBITDA of $3.4 million, or 9.5% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.4x as of September 30, 2024 Broadwind reported third quarter net income of $0.1 million, or $0.00 per diluted share, versus $4.4 million, or $0.
CICERO, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue third quarter 2024 results before the market opens on Wednesday, November 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast
CICERO, Ill., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2024. SECOND QUARTER 2024 RESULTS Total revenue of $36.5 millionNet income of $0.5 million, or $0.02 per diluted shareTotal non-GAAP adjusted EBITDA of $3.6 million, or 10.0% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 1.1x as of June 30, 2024 Broadwind reported second quarter net income of $0.5 million, or $0.02 per diluted share, versus $1.4 million, or $0.07 per diluted share, in the prior year period. Th
CICERO, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue second quarter 2024 results before the market opens on Tuesday, August 13, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast, go to
CICERO, Ill., May 14, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2024. FIRST QUARTER 2024 RESULTS Total revenue of $37.6 millionNet income of $1.5 million, or $0.07 per diluted shareTotal non-GAAP adjusted EBITDA of $4.2 million, or 11.1% of total revenueRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 0.6x as of March 31, 2024 Broadwind reported first quarter net income of $1.5 million, or $0.07 per diluted share, versus $0.8 million, or $0.04 per diluted share, in the year-ago period. The Com
CICERO, Ill., April 30, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue first quarter 2024 results before the market opens on Tuesday, May 14, 2024. A conference call will be held that same day at 11:00 a.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broadcast, go to th
CICERO, Ill., March 05, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the fourth quarter and full-year 2023. FOURTH QUARTER 2023 RESULTS(As compared to the fourth quarter 2022) Total revenue of $46.6 million, +16.3% y/yTotal gross profit of $7.0 million, +$4.5 million y/yNet income of $1.1 million, or $0.05 per diluted shareTotal non-GAAP adjusted EBITDA of $4.4 million, +$4.3 million y/yTotal tower sections sold +37.5% y/y to 132 sectionsRatio of net debt to trailing twelve-month non-GAAP adjusted EBITDA of 0.8x as of December 31, 2023
CICERO, Ill., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it will issue fourth quarter and full-year 2023 results before the market opens on Tuesday, March 5, 2024. A conference call will be held that same day at 12:00 p.m. ET to review the Company's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of the Company's corporate website at https://investors.bwen.com/investors. To listen to a live broa
CICERO, Ill., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that it has entered into a definitive Tax Credit Transfer Agreement (the "Agreement) with MarketAxess Holdings Inc. (the "Purchaser") to sell earned Advanced Manufacturing Production Credits ("Tax Credits"), as outlined within the Inflation Reduction Act (IRA). Under the terms of the Agreement, Broadwind expects to sell approximately $15 million of tax credits, less discounts, transaction fees and related expenses. Broadwind is entitled to the Tax Credits pursuant to Section 45X of the Internal Revenue
CICERO, Ill., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN, "Broadwind" or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the third quarter 2023. THIRD QUARTER 2023 RESULTS(As compared to the third quarter 2022) Revenue of $57.2 million, +$12.3 million y/yGAAP Net Income of $4.4 million, or $0.20 per diluted share, +$6.2 million y/yNon-GAAP Adjusted EBITDA of $7.6 million, +$5.7 million y/yRatio of net debt to trailing twelve-month Non-GAAP Adjusted EBITDA of 1.7x as of September 30, 2023Total backlog of $220.8 million, +$88.6 million y/y, as of September 30, 2023
CICERO, Ill., April 26, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN) (the "Company"), a diversified precision manufacturer of specialized components and solutions serving global markets, has sent a letter to shareholders in connection with its 2023 annual meeting of stockholders (the "2023 Annual Meeting"), which is scheduled to be held on May 23, 2023. The full text of the letter follows. April 26, 2023 Dear Fellow Shareholder, As the 2023 Annual Meeting of Stockholders approaches on May 23, 2023 (the "2023 Annual Meeting"), we urge you to vote to support Broadwind, Inc.'s ("Broadwind" or the "Company") directors on the WHITE proxy card. Your vote will be especially
CICERO, Ill., March 27, 2023 (GLOBE NEWSWIRE) -- Broadwind, Inc. (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced the appointment of Ms. Jeanette A. Press to its Board of Directors (the "Board"), effective March 22, 2023. With the appointment of Ms. Press, the Board returned its size to seven members, six of whom are independent. Ms. Press will serve as a member of the Board effective immediately, and the Board has determined to nominate Ms. Press for re-election as a director at the 2023 annual meeting of stockholders (the "2023 Annual Meeting"). She will also serve as a member of both
CICERO, Ill., Nov. 04, 2022 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ:BWEN, or the "Company"))), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced the appointment of Mr. Sachin Shivaram to its Board of Directors, effective November 2, 2022. Mr. Shivaram brings to Broadwind more than fourteen (14) years of strategic leadership experience within the precision manufacturing sector. Since 2019, Mr. Shivaram has served as chief executive officer of Wisconsin Aluminum Foundry, a vertically integrated provider of aluminum and copper-based alloy castings for a wide variety of industries. Mr. Shivaram also serves as a member of the
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HC Wainwright & Co. analyst Amit Dayal reiterates Broadwind (NASDAQ:BWEN) with a Buy and maintains $8 price target.
Throughout the last three months, 4 analysts have evaluated Broadwind (NASDAQ:BWEN), offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $5.12, a high estimate of $8.00, and a low estimate of $3.50. This current average has increased
Roth MKM analyst Justin Clare maintains Broadwind (NASDAQ:BWEN) with a Buy and raises the price target from $3.5 to $4.
FINANCIAL GUIDANCE Today, Broadwind introduced financial guidance for the second quarter 2024. The following financial guidance reflects the Company's current expectations and beliefs. All guidance is current as of the time provided and is subject to change. Second Quarter 2024 $ in Millions Low Mid High Total Revenue $37 $38 $39 Adjusted EBITDA $2.5 $3.0 $3.5
Broadwind (NASDAQ:BWEN) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $(0.10) by 170 percent. This is a 75 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $37.616 million which beat the analyst consensus estimate of $34.921 million by 7.72 percent. This is a 23.03 percent decrease over sales of $48.873 million the same period last year.
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Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the industrials sector: AGCO (NYSE:AGCO) - P/E: 7.26 Broadwind (NASDAQ:BWEN) - P/E: 6.44 Greenpro Capital (NASDAQ:GRNQ) - P/E: 4.56 United Airlines Holdings (NASDAQ:UAL) - P/E: 5.29 Cresud SACIF (NASDAQ:CRESY)
Craig-Hallum analyst Eric Stine maintains Broadwind (NASDAQ:BWEN) with a Buy and lowers the price target from $6 to $5.
HC Wainwright & Co. analyst Amit Dayal reiterates Broadwind (NASDAQ:BWEN) with a Buy and maintains $8 price target.