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Broadwind Bags $11M In New Tower Orders

Broadwind Inc (NASDAQ:BWEN) has received $11 million in new tower orders from a global wind turbine manufacturer.  The company expects to…
byAkanksha Bakshi
August 23, 2022
1 minute read
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  • 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.
 
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