Broadwind Awarded $19 million Wind Tower Order
Broadwind, Inc. (BWEN)
Last broadwind, inc. earnings: 2/27 07:00 am
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investors.bwen.com/investors/default.aspx
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Source: GlobeNewswire
CICERO, Ill., April 28, 2020 (GLOBE NEWSWIRE) -- Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced an order from a wind turbine customer, representing a total value of approximately $19 million. The Company expects to deliver the tower sections to the customer through early 2021, with the majority of revenue resulting from the order occurring in the fourth quarter 2020. Including this order, Broadwind has approximately 80% of its full-year 2020 tower production capacity in backlog. “We continue to experience improved demand for wind tower sections, given increased global investment in the development of clean, sustainable energy sources,” stated Eric Blashford, President and CEO of Broadwind. “In 2020, we anticipate the United States will add nearly 15 GW of onshore wind capacity, an increase of more than 40% compared to the prior year. As a leading precision manufacturer of heavy fabricat
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- 10/24/24 - Form 8-K
- BWEN's page on the SEC website