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Stock impact report

Broadwind Announces New Tower Customer Order

Broadwind, Inc. (BWEN) 
Last broadwind, inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.bwen.com/investors/default.aspx
Company Research Source: GlobeNewswire
--Adds Major Wind Turbine OEM To Customer Base-- --Company Has Secured Nearly 70% of Full-Year 2020 Production Capacity-- CICERO, Ill., March 17, 2020 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced an order from a wind turbine customer, representing a total value of approximately $5 million.  With this new customer addition, Broadwind now supplies three global wind turbine manufacturers, further to the Company’s long-term focus on customer diversification.  Including this order, Broadwind has approximately 70% of its full-year 2020 production capacity in its backlog.  As of Dec. 31, 2019, total backlog was $142.3 million, an increase of more than 48% from the prior-year period. “Tower demand has increased materially over the past year, resulting in improved capacity utilization at our manufacturing facilities.  We are pleased with the recent progress made toward Show less Read more
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