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Broadwind Energy
(NASDAQ:BWEN)
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Rating:62Neutral
Price Target:
$4.50
▼(-6.83% Downside)
Action:Reiterated
Date:08/11/26
BWEN’s score is driven primarily by strong recent operating momentum and backlog/order growth highlighted on the earnings call, which supports improved near-term outlook. This is tempered by mixed financial quality—especially inconsistent cash conversion and slightly negative TTM free cash flow—plus only neutral technical momentum and a mid-range valuation with no dividend support.
Positive Factors
Backlog & Order Momentum
Sustained order intake and a 1.5x book-to-bill with combined backlog up ~93% YoY provide multi-month revenue visibility. Given typical backlog conversion of 6–12 months for key segments, this supports stable utilization, production planning, and near-term revenue conversion.
Negative Factors
Inconsistent Cash Conversion
Volatile operating cash flow and marginally negative TTM free cash flow indicate capital spending and working-capital needs absorb earnings. This undermines predictability for reinvestment or leverage reduction and increases execution risk during growth ramps or seasonal order conversion periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Backlog & Order Momentum
Sustained order intake and a 1.5x book-to-bill with combined backlog up ~93% YoY provide multi-month revenue visibility. Given typical backlog conversion of 6–12 months for key segments, this supports stable utilization, production planning, and near-term revenue conversion.
Read all positive factors
Broadwind Energy (BWEN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$104.38M
Dividend YieldN/A
Average Volume (3M)451.44K
Price to Earnings (P/E)20.4
Beta (1Y)0.84
Revenue Growth-3.31%
EPS GrowthN/A
CountryUS
Employees341
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.23
Shares Outstanding23,404,116
10 Day Avg. Volume433,885
30 Day Avg. Volume451,435
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.98
Price to Sales (P/S)0.41
P/FCF Ratio-3.40
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$6.83Price Target Upside41.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.13
Revenue Forecast (FY)$119.68M
Broadwind Energy Business Overview & Revenue Model
Company Description
Broadwind, Inc., a company based in Cicero, Illinois, specializes in the production and sale of various structures, equipment, and components. Its primary focus is on serving the clean technology sector and other specialized industrial application...
How the Company Makes Money
Broadwind primarily makes money by selling engineered, manufactured components and by providing aftermarket services. Key revenue streams include: (1) Manufacturing/fabrication revenue from producing and delivering large welded structures and fabr...
Broadwind Energy Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and commercial momentum: robust order growth (orders >$35M), significant backlog expansion (combined +93% YoY), revenue growth (+67% YoY to $24.3M), and a return to positive adjusted EBITDA ($1.6M). Management emphasized a successful strategic pivot away from wind towers, improved liquidity (> $40M availability), facility expansions, and operational improvements. Key near-term negatives include the ongoing wind-tower wind-down (delaying guidance), some working capital pressure in continuing operations, potential margin normalization due to mix, and concentration risk with a major turbine OEM. On balance the positive operational and financial improvements materially outweigh the transitional and concentration risks.Positive Updates
Strong Consolidated Revenue Growth
Second quarter consolidated revenues were $24.3 million, a 67% increase versus the prior year period, driven by elevated order activity in both Gearing and Industrial Solutions.
Negative Updates
No Guidance Reinstated
Management did not reinstate full-year guidance; the company is delaying guidance until the wind tower operations wind-down in Abilene is complete (expected in Q3), limiting forward public guidance visibility in the near term.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Consolidated Revenue Growth
Second quarter consolidated revenues were $24.3 million, a 67% increase versus the prior year period, driven by elevated order activity in both Gearing and Industrial Solutions.
Read all positive updates
Company Guidance
Management did not reinstate formal guidance this quarter, saying they need the Abilene wind‑down to be complete (expected in Q3) before doing so, but gave directional expectations and many operating metrics: consolidated Q2 revenue was $24.3M (+67% YoY) with adjusted EBITDA of $1.6M (vs. a $1.1M loss prior year), total Q2 orders exceeded $35M (up >$14M YoY) and book‑to‑bill was 1.5x; Gearing orders rose 138% to ~$15–16M with backlog near $37.6–$38M, Q2 revenue $9M (+24% YoY) and adjusted EBITDA $0.4M; Industrial Solutions set records with $17.2M orders (+24% YoY), a $47.4M backlog, Q2 revenue $13.2M (+~79%) and adjusted EBITDA $2.5M (EBITDA margin ~19%); combined backlog for the two segments was up ~93% YoY, cash and availability exceeded $40M (or $31.3M after minimum availability), Abilene‑related inventory declined >$6M, and typical backlog conversion is ~6 months for gearing and 6–12 months (up to 18 for new installs) — management expects revenue to stay above recent historical levels but will wait for the Abilene closure and clearer H2 visibility before reinstating guidance.Broadwind Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 140.34M | 158.05M | 143.14M | 203.48M | 176.76M | 145.62M |
| Gross Profit | 15.99M | 15.47M | 21.19M | 32.51M | 10.71M | 5.51M |
| EBITDA | 13.39M | 15.03M | 10.99M | 17.47M | -417.00K | 10.34M |
| Net Income | 5.47M | 5.24M | 1.15M | 7.65M | -9.73M | 2.85M |
Balance Sheet | ||||||
| Total Assets | 112.17M | 116.81M | 128.29M | 135.16M | 144.54M | 118.05M |
| Cash, Cash Equivalents and Short-Term Investments | 17.04M | 456.00K | 7.72M | 1.10M | 12.73M | 852.00K |
| Total Debt | 21.84M | 28.28M | 35.53M | 35.42M | 33.12M | 31.55M |
| Total Liabilities | 46.37M | 50.52M | 68.89M | 79.14M | 98.27M | 63.91M |
| Stockholders Equity | 65.81M | 66.29M | 59.40M | 56.02M | 46.27M | 54.13M |
Cash Flow | ||||||
| Free Cash Flow | -504.00K | -19.02M | 10.19M | -13.35M | 13.54M | -14.53M |
| Operating Cash Flow | 4.24M | -15.38M | 13.81M | -6.95M | 16.64M | -12.83M |
| Investing Cash Flow | 7.87M | 8.89M | -3.46M | -6.38M | -3.10M | -1.67M |
| Financing Cash Flow | -23.19M | -772.00K | -3.73M | 1.70M | -1.67M | 11.98M |
Broadwind Energy Technical Analysis
Positive
4.83
Price Trends
4.48
Positive
3.56
Positive
3.18
Positive
Market Momentum
0.07
Negative
59.64
Neutral
66.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWEN, the sentiment is Positive. The current price of 4.83 is above the 20-day moving average (MA) of 4.60, above the 50-day MA of 4.48, and above the 200-day MA of 3.18, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 59.64 is Neutral, neither overbought nor oversold. The STOCH value of 66.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BWEN.
Broadwind Energy Risk Analysis
Broadwind Energy disclosed 30 risk factors in its most recent earnings report. Broadwind Energy reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Broadwind Energy Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $104.38M | 20.43 | 7.92% | ― | -3.31% | ― | |
58 Neutral | $54.41M | -14.92 | -14.58% | ― | -36.20% | -4349.51% | |
44 Neutral | $11.02M | -0.73 | -109.27% | ― | 84.95% | -6.34% | |
43 Neutral | $57.10M | -1.21 | -4407.08% | ― | 40.40% | -99.95% | |
42 Neutral | $20.05M | -0.49 | -137.21% | ― | ― | ― | |
35 Underperform | $17.77M | -0.02 | 227.38% | ― | 595.90% | 95.30% |
* Industrials Sector Average
BWEN
Broadwind Energy
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150.70%
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Broadwind Energy Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Broadwind Delivers Strong Q2 Results, Shifts to Precision Manufacturing
Positive
Aug 11, 2026
In its second-quarter 2026 results, released on August 11, Broadwind reported a 67% year-over-year rise in revenue to $24.3 million from continuing operations, driven by strong demand in its Gearing and Industrial Solutions segments. The company n...
Executive/Board ChangesShareholder Meetings
Broadwind Shareholders Endorse Directors, Executive Pay and Auditor
Positive
May 29, 2026
On May 28, 2026, Broadwind, Inc. held its Annual Meeting of Stockholders, at which shareholders elected five directors to one-year terms, with all nominees receiving strong majority support. The board’s composition for the coming year remain...
Business Operations and StrategyFinancial Disclosures
Broadwind Shifts From Wind Towers Toward Power Generation
Neutral
May 12, 2026
On May 12, 2026, Broadwind reported first-quarter 2026 revenue of $34.1 million, down 7.5% year over year, with a GAAP net loss of $0.5 million and adjusted EBITDA of $2.2 million, as weakness in Heavy Fabrications offset strong growth in Gearing ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.