New at Broadwind Energy
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January 12, 2012
Broadwind Energy, Inc. today announced strong fourth-quarter orders, including a $23 million order for wind turbine towers. The tower order was Broadwinds first order from a leading U.S. wind turbine manufacturer and will encompass towers for various domestic wind projects.
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December 1, 2011
Peter C. Duprey, president and chief executive officer of Broadwind Energy, will present at J.P. Morgans SMid Cap Conference at the J.P. Morgan Conference Center at 383 Madison Avenue in New York City, on Thursday, Dec. 1, at 12:45 p.m. Eastern time.
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November 22, 2011
Broadwind 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.
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November 4, 2011
Highlights: Q3 sales of $47.9 million, up 41% from the prior year quarter; YTD sales up 46%. Service segment sales rebounds to $6.6 million in Q3, up 82% from 2010 and more than double prior quarter with strong order pipeline for Q4. Transformation progress continues -YTD Adjusted EBITDA loss of $1.2 million sharply improved from $13.1 million loss in 2010. Liquidity position enhanced through $11.7 million sale of common stock and $2 million proceeds from New Markets Tax Credit. Business restructuring targets 30% footprint reduction and improved operating margins.
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November 3, 2011
Broadwind continues to diversify its customer base leveraging core competency in taller, heavier towers. Siemens has selected Broadwind Energy to supply 36 locally manufactured towers for the expansion of the MidAmerican Energy wind project in Iowa and has signed an option for an additional 25 towers.
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October 21, 2011
Broadwind Energy, Inc. will announce third-quarter 2011 results Friday, November 4, 2011, before market open. An investor conference call will follow at 10 a.m. Central time. For real-time internet access to the conference call, visit this site. An archived replay of the conference call will be available on the site shortly after the call concludes.
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Sept. 16, 2011
Broadwind Energy, Inc. today announced that it has priced an underwritten public offering of 32,500,000 shares of its common stock at a price to the public of $0.40 per share for gross proceeds of $13.0 million.
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Sept. 15, 2011
Broadwind Energy, Inc. (NASDAQ:BWEN) today announced that it is offering to sell shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Broadwind expects to use the anticipated net proceeds from the offering for general corporate purposes.
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August, 5, 2011
Highlights: Net sales of $39.3 million, up 17% from the prior year quarter. Second quarter orders totaled $22 million, including $13 million in new industrial gearing orders - YTD orders more than double 2010. Non-GAAP adjusted EBITDA increases to $0.1 million vs. a $3.2 million loss in Q2 2010 - third sequential quarter of positive EBITDA.
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July 22, 2011
Broadwind will announce second-quarter 2011 results Friday, August 5, 2011, before market open.
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May 23, 2011
The U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) awarded a $1.37 million contract for the design and fabrication of a 5.8 MW wind turbine gearbox for a new dynamometer at its National Wind Technology Center (NWTC) to Brad Foote Gear Works, Inc., a subsidiary of Broadwind Energy, Inc.
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May 9, 2011
Net sales of $43.5 million, double the prior year quarter. Order intake up 150%; ending backlog strong at $227 million. Adjusted EBITDA increases to $0.1 million vs. a $7.2 million loss in Q1 2010. Sale of Logistics business completed on March 4, 2011. At March 31, 2011, cash and marketable securities rose to $22.0 million.
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April 25, 2011
Broadwind Energy will announce first-quarter 2011 results Monday, May 9, 2011, before market open. An investor conference call will follow at 10 a.m. Central time. An archived replay of the conference call will be available on the website shortly after the call concludes.
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March 29, 2011
Broadwind Energy today announced the election of Thomas A. Wagner, 59, to its Board of Directors. His appointment, which was effective on March 25, 2011 brings the number of directors on Broadwinds Board to six.
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March 15, 2011
When Goldwind USA, Inc. needed a local, experienced partner to produce its 85 meter wind turbine towers in North America it turned to Broadwind Energy. Goldwind selected Broadwind to supply approximately 70 wind turbine towers for its Shady Oaks project in Lee County, Illinois, set for installation during the second half of 2011.
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March 15, 2011
Highlights: Fourth-quarter orders total $64 million; ending backlog rises 8% to $226 million - Net sales of $47.6 million up 47.9% over the prior year quarter - Adjusted EBITDA increases to $3.7 million, an improvement of $6.9 million over the same period last year - At December 31, 2010, liquidity rose to $15.3 million, with an untapped $10 million Line of Credit
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March 7, 2011
Broadwind Energy today announced that it has completed the sale of its Badger Transport, Inc. subsidiary to BTI Logistics, LLC. Proceeds from the sale include $1.0 million cash, a $1.5 million secured promissory note and 100,000 shares of Broadwind common stock held by the buyer.
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March 5, 2011
Broadwind Energy will announce fourth-quarter and full year 2010 results Tuesday, March 15, 2011, before market open. An investor conference call will follow at 10 a.m. Central time.
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February 10, 2011
Marking a milestone that exemplifies how more wind power means more jobs, Broadwind celebrated the opening of its wind turbine drivetrain service center in Abilene, Texas.
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January 27, 2011
Broadwind promoted Mike Ford, 43, to vice president of sales, effective January 27, 2011. In this newly created role, Ford will lead Broadwinds efforts to provide integrated solutions to its wind, energy and industrial customers.
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January 26, 2011
President visits Manitowoc, WI, a community experiencing a manufacturing renaissance fueled by demand for clean energy. World War-II era plant repurposed, now employs 300 and is a leading supplier of 2-MW wind turbine towers.
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