An update from Broadwind Energy ( (BWEN) ) is now available.
Broadwind reported its fourth quarter and full-year 2024 financial results, highlighting a total revenue of $33.6 million for the fourth quarter and $143.1 million for the full year. The company experienced a net loss in the fourth quarter due to decreased customer demand, particularly in the wind and oil/gas markets. However, total orders increased by 85% in the fourth quarter, driven by demand in industrial solutions and other segments, leading to a record backlog. Despite challenges, Broadwind remains optimistic about 2025, with expectations of improved manufacturing optimization and order growth in non-wind markets.
More about Broadwind Energy
Broadwind is a diversified precision manufacturer providing specialized components and solutions across global markets. The company operates in sectors such as wind energy, oil and gas, and industrial solutions, offering products like wind towers, gearboxes, and natural gas turbine components.
YTD Price Performance: -26.83%
Average Trading Volume: 139,511
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $33.17M
See more data about BWEN stock on TipRanks’ Stock Analysis page.