Broadwind Energy (BWEN) AI Stock Analysis

• Market Cap: $46.85M
• Dividend Yield: N/A
• Average Volume (3M): 215.98K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 1.07
• Revenue Growth: -1.47%
• EPS Growth: 52.65%
• Country: US
• Employees: 411
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.04
• Shares Outstanding: 23,310,715
• 10 Day Avg. Volume: 194,434
• 30 Day Avg. Volume: 215,977
• PEG Ratio: 0.04
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.41
• P/FCF Ratio: -3.40
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 0.48
• Enterprise Value/Gross Profit: 4.74
• Enterprise Value/Ebitda: 5.05
• 1Y Price Target: $4.00
• Price Target Upside: 99.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 0.01
• Revenue Forecast (FY): $145.47M

• Rating: 54 Neutral
• Price Target: $2.50 ▲(24.38% Upside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is driven primarily by mixed financial performance—improving revenue and earnings and a healthier balance sheet, but significantly negative and inconsistent operating/free cash flow. Technicals are also weak with the stock below major moving averages and negative MACD. These are partly offset by moderate valuation (P/E ~12) and a constructive earnings outlook with reaffirmed guidance and strong backlog, albeit with near-term execution and utilization risks.

Positive Factors

Strong Orders & Backlog

Record and expanding backlog across Industrial Solutions and consolidated orders show durable demand from power generation and industrial OEMs. Large, multi-quarter backlog increases revenue visibility and supports sustained factory utilization and aftermarket service follow-through over the next 2–6 months.

Improved Balance Sheet & Liquidity

Reduced leverage and available liquidity provide financial flexibility to fund working capital, equipment ramps, and selective investments. A stronger balance sheet lowers refinancing risk and supports execution on backlog conversion even if cash conversion remains uneven in the near term.

Strategic Portfolio Optimization

The divestiture and shift toward precision gearing and higher-margin Industrial Solutions refocus management on more profitable end markets. This structural repositioning should improve long-term margin mix and allow capital concentration on scalable domestic capacity and aftermarket services.

Negative Factors

Weak Cash Generation

Material negative operating and free cash flow raises funding risk despite reported net income. Persistent weak cash conversion amplifies reliance on credit facilities or asset sales to fund working capital, constraining reinvestment and making performance sensitive to timing of receivables, inventory and capex.

Operating Profitability Gap

Negative EBIT indicates operating inefficiencies or below-EBIT charges that reduce durable operating leverage. Reliance on non-operating gains or one-time items to achieve net income undermines sustainable profitability and leaves limited buffer for downturns or reinvestment in capacity.

Execution & Utilization Risk

Converting strong backlog into cash and margin depends on ramping shifts, staffing and supplier stability. Existing raw-material disruptions and utilization shortfalls create execution risk that can compress margins and delay cash realization, threatening the durability of revenue gains.

Broadwind Energy Business Overview & Revenue Model

Company Description

Broadwind, Inc. manufactures and sells structures, equipment, and components for clean tech and other specialized applications primarily in the United States. It operates through three segments: Heavy Fabrications, Gearing, and Industrial Solutions. The Heavy Fabrications segment provides fabrications to various industrial markets. It offers steel towers and adapters primarily to wind turbine manufacturers. The Gearing segment provides gearing, and gearboxes and systems for onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling, and other infrastructure markets. This segment also offers heat treat services for aftermarket and original equipment manufacturer applications. The Industrial Solutions segment provides supply chain solutions for offering instrumentation and controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes and wiring, energy storage services, and electromechanical devices; light fabrication, inventory management, and kitting and assembly services; packaging solutions; and fabricating services for panels and sub-assemblies to combined cycle natural gas turbine market. The company sells its products to the energy, mining, and infrastructure sector customers through its direct sales force and independent sales agents. The company was formerly known as Broadwind Energy, Inc. and changed its name to Broadwind, Inc. in May 2020. Broadwind, Inc. is headquartered in Cicero, Illinois.

How the Company Makes Money

Broadwind makes money primarily by selling manufactured components and by providing service work associated with energy and industrial equipment. Its revenue model centers on (1) product sales of large-scale fabricated structures and components used by original equipment manufacturers (OEMs) and project developers (e.g., tower-related and other heavy fabrication work) and (2) sales of mechanical power transmission and gearing products (including the manufacture, refurbishment, and aftermarket support of gear systems) to customers in wind and other industrial end markets. In addition, Broadwind generates revenue from field services such as installation support, maintenance, and repair/inspection-type work performed at customer sites, which can create recurring aftermarket/service demand tied to the operating life of installed assets. Company earnings are therefore influenced by customer capital spending cycles (notably wind build and repowering activity), aftermarket service volumes, and the timing/scale of customer orders and long-term equipment maintenance needs. null

Broadwind Energy Financial Statement Overview

Summary

Strong TTM revenue rebound and a return to net income are positives, and leverage has improved with debt reduced and equity higher. However, operating quality is mixed (TTM EBIT still negative) and the biggest issue is weak cash conversion: TTM operating cash flow and free cash flow are materially negative and have been inconsistent historically.

Income Statement

TTM (Trailing-Twelve-Months) revenue grew strongly (+271.3%) and net income improved to $5.2M, indicating better end-market demand and/or execution. However, profitability quality is mixed: gross margin compressed versus 2023–2024 levels, and EBIT is negative in TTM (-$8.2M) despite positive EBITDA, suggesting meaningful non-operating or below-EBIT charges and limited operating buffer. Longer-term results have been volatile (losses in 2020 and 2022), so the earnings trajectory is improving but not yet consistently durable.

Balance Sheet

Leverage looks manageable and improving: total debt is down to $23.2M in TTM from ~$35M in 2023–2024, and debt relative to equity is moderate (~0.40). Equity has grown to $66.3M, supporting balance-sheet resilience for a cyclical industrial business. The main weakness is uneven returns on equity across years (negative in 2022, low in 2024), though TTM return on equity has recovered to ~8.5%.

Cash Flow

Cash generation is the key concern: TTM (Trailing-Twelve-Months) operating cash flow (-$15.4M) and free cash flow (-$19.0M) are both negative, a sharp reversal from positive free cash flow in 2022 and 2024. Cash flows have been inconsistent over time (negative operating cash flow in 2021 and 2023 as well), which increases funding and liquidity risk if the downcycle or working-capital pressure persists. While profitability is positive in TTM, cash conversion is currently weak.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	158.05M	143.14M	203.48M	176.76M	145.62M
Gross Profit	16.13M	21.19M	32.51M	10.71M	5.51M
EBITDA	6.76M	10.99M	17.47M	-417.00K	10.34M
Net Income	5.24M	1.15M	7.65M	-9.73M	2.85M
Balance Sheet
Total Assets	116.81M	128.29M	135.16M	144.54M	118.05M
Cash, Cash Equivalents and Short-Term Investments	456.00K	7.72M	1.10M	12.73M	852.00K
Total Debt	28.28M	35.53M	35.42M	33.12M	31.55M
Total Liabilities	50.52M	68.89M	79.14M	98.27M	63.91M
Stockholders Equity	66.29M	59.40M	56.02M	46.27M	54.13M
Cash Flow
Free Cash Flow	-19.02M	10.19M	-13.35M	13.54M	-14.53M
Operating Cash Flow	-15.38M	13.81M	-6.95M	16.64M	-12.83M
Investing Cash Flow	8.89M	-3.46M	-6.38M	-3.10M	-1.67M
Financing Cash Flow	-772.00K	-3.73M	1.70M	-1.67M	11.98M

Broadwind Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWEN, the sentiment is Negative. The current price of 2.01 is below the 20-day moving average (MA) of 2.37, below the 50-day MA of 2.80, and below the 200-day MA of 2.47, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 51.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BWEN.

Broadwind Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CVV	55 Neutral	$23.17M	15.05	-0.72%	―	19.84%	95.71%
BWEN	54 Neutral	$46.85M	12.35	8.34%	―	-1.47%	52.65%
LASE	43 Neutral	$24.83M	-3.96	-118.04%	―	176.99%	-30.97%
CETY	41 Neutral	$4.29M	-2.28	-82.18%	―	-57.40%	52.85%
XCH	41 Neutral	$71.34M	―	4524.55%	―	―	―
BURU	35 Underperform	$25.13M	-0.91	168.54%	―	-98.20%	93.77%

Broadwind Energy Corporate Events

Broadwind Reaffirms 2026 Outlook After Strong 2025 Results

On March 11, 2026, Broadwind reported fourth-quarter 2025 revenue of $37.7 million, up 12.4% year over year, with a net loss unchanged at $0.9 million and adjusted EBITDA of $1.9 million, while full-year 2025 revenue rose 10.4% to $158.1 million, generating net income of $5.2 million and adjusted EBITDA of $8.7 million excluding an $8.2 million divestiture gain. Results reflected strong demand in Industrial Solutions, which posted 60% sales growth and record backlog, modest growth in Heavy Fabrications on higher wind-related revenue, and weaker Gearing sales, as well as a temporary raw material supply disruption that pressured margins but is expected to normalize early 2026.

The company emphasized 2025 as a pivotal year marked by the September 8, 2025 divestiture of its industrial fabrication operations, which streamlined the asset base, lowered leverage to 1.6x adjusted EBITDA, and boosted liquidity to about $25 million for reinvestment in higher-value growth opportunities. Management highlighted accelerating orders for natural gas turbine-related products, including a new $6 million gearing order received in March 2026, and reaffirmed 2026 guidance calling for $140 million to $150 million in revenue and $8 million to $10 million of adjusted EBITDA, underscoring confidence that its domestic manufacturing footprint and OEM relationships will support continued growth in power generation and critical infrastructure markets.

The most recent analyst rating on (BWEN) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Broadwind Energy stock, see the BWEN Stock Forecast page.

Broadwind Updates Credit Agreement and Issues 2026 Outlook

On February 4, 2026, Broadwind, Inc. amended its existing credit agreement with Wells Fargo, easing certain fixed charge coverage ratio requirements through 2026 and adjusting the treatment of designated capital expenditures in key covenant calculations, moves that provide the manufacturer with greater financial flexibility as it executes its strategy. In a separate February 5, 2026 update, the company reported preliminary full-year 2025 results, estimating revenue between $155 million and $160 million, net income of $4.7 million to $5.7 million and adjusted EBITDA of $8 million to $9 million, with demand strength in power generation, industrial and energy markets partly offset by a fourth-quarter raw material supply issue in its Heavy Fabrications segment. Following the September 8, 2025 sale of its Manitowoc, Wisconsin operations, which contributed about $41 million of 2025 revenue, Broadwind introduced 2026 guidance calling for $140 million to $150 million in revenue and $8 million to $10 million in adjusted EBITDA, implying more than 20% organic revenue growth excluding the divested facility, and signaled plans to use its strengthened balance sheet for innovation, selective M&A and potential share repurchases, while scheduling March 11, 2026 for the release of its final fourth-quarter and full-year 2025 results and related investor call.

The most recent analyst rating on (BWEN) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Broadwind Energy stock, see the BWEN Stock Forecast page.