- Broadwind Inc (NASDAQ:BWEN) has received $11 million in new tower orders from a global wind turbine manufacturer.
- The company expects to recognize the revenue resulting from the order in 1Q23.
- BWEN will manufacture the tower sections at its Abilene, Texas facility and expects to complete production on the order between 4Q22 and 1Q23.
- “We are pleased to announce this important wind tower order with a major OEM customer, one that will support improved plant utilization during the latter half of 2022,” stated Eric Blashford, President and CEO of Broadwind.
- Price Action: BWEN shares are trading higher by 2.65% at $3.10 on the last check Tuesday.
Dow Settles Higher After Four-Session Sell Off, Volatility In Markets Drops
The Dow Jones index closed higher on Tuesday after recording losses for fourth straight sessions.
Traders monitored a surprise move by the Bank of Japan to widen its yield cap on its long-term bonds.
