Broadwind Energy (BWEN) AI Stock Analysis

• Market Cap: $48.39M
• Dividend Yield: N/A
• Average Volume (3M): 257.29K
• Price to Earnings (P/E): 31.0
• Beta (1Y): 1.05
• Revenue Growth: -18.38%
• EPS Growth: -128.11%
• Country: US
• Employees: 411
• Sector: Industrials
• Sector Strength: 80
• Industry: Industrial - Machinery
• EPS (TTM): -0.04
• Shares Outstanding: 23,041,464
• 10 Day Avg. Volume: 115,060
• 30 Day Avg. Volume: 257,289
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.72
• Enterprise Value/Revenue: 0.57
• Enterprise Value/Gross Profit: 4.82
• Enterprise Value/Ebitda: 13.78
• 1Y Price Target: $4.50
• Price Target Upside: 114.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 48 Neutral
• Price Target: $2.00 ▼(-4.76% Downside)

Broadwind Energy's overall stock score is primarily influenced by its financial challenges and valuation concerns. While there are positive strategic initiatives and revenue growth, profitability issues and the suspension of guidance weigh heavily. Technical analysis provides mixed signals, and the valuation is unattractive due to negative earnings.

Positive Factors

Management Strategy

Steps taken by management over the last 12-18 months to diversify revenues have allowed the company to navigate a challenging environment for the legacy wind business.

Revenue Growth

Revenue growth during the quarter was driven by the Heavy Fabrication segment where revenues improved 14.7% YoY and 23.6% QoQ, to $25.2M as a result of increased demand for wind re-powering adapters.

Transaction Impact

The transaction is expected to add $13M to the balance sheet, reduce costs by $8M annually, and allow the company to better utilize remaining capacity.

Negative Factors

Guidance Suspension

The company suspended guidance for 2025 citing the pending sale of its industrial fabrication operations in Manitowoc.

Revenue Decline

Backlog at the end of 2Q25 stood at $95M vs $117M at the end of 1Q25.

Revenue Impact

Investors should expect $15-20M of annual non-wind revenues from the Manitowoc plant to not reflect in 2026 financials.

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 Energy generates revenue through multiple key streams, primarily by manufacturing and supplying wind turbine components to various customers in the renewable energy sector. The company produces wind towers, which are essential structures for hosting turbines, and gearboxes, which are critical for converting wind energy into usable power. Broadwind also offers services related to the maintenance and repair of wind energy equipment, adding to its revenue sources. Significant partnerships with major wind turbine manufacturers and project developers further enhance its earnings potential, as these collaborations can lead to long-term contracts and increased production volumes. Additionally, the growing demand for renewable energy solutions due to global sustainability initiatives contributes positively to Broadwind's financial performance.

Broadwind Energy Financial Statement Overview

Summary

Broadwind Energy faces financial challenges, particularly in profitability and cash flow management. Revenue shows slight growth, but margins are under pressure, and the company is not currently profitable. The balance sheet is stable, but improvements in profitability and cash flow are essential for long-term sustainability.

Income Statement

Broadwind Energy's income statement shows mixed results. The TTM data indicates a slight revenue growth of 1.96%, but the company is struggling with profitability, as evidenced by a negative net profit margin of -1.52%. Gross profit margin has decreased to 11.91% from previous periods, and both EBIT and EBITDA margins are relatively low at 0.67% and 4.17%, respectively. The company needs to improve its cost management and operational efficiency to enhance profitability.

Balance Sheet

The balance sheet reflects moderate financial stability. The debt-to-equity ratio stands at 0.61, indicating a manageable level of leverage. However, the return on equity is negative at -3.71%, suggesting that the company is not generating sufficient returns on its equity base. The equity ratio is not provided, but the overall leverage and equity position seem stable, though improvements in profitability are needed to enhance ROE.

Cash Flow

Cash flow analysis reveals challenges, with negative operating cash flow and free cash flow in the TTM period. The free cash flow growth rate is positive at 124.64%, but this is from a negative base, indicating volatility. The operating cash flow to net income ratio is negative, highlighting cash flow issues. The company must focus on improving cash generation to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	145.14M	143.14M	203.48M	176.76M	145.62M	198.50M
Gross Profit	17.29M	21.19M	32.51M	10.71M	5.51M	18.00M
EBITDA	6.05M	10.99M	17.47M	-417.00K	10.34M	6.70M
Net Income	-2.20M	1.15M	7.65M	-9.73M	2.85M	-1.49M
Balance Sheet
Total Assets	130.51M	128.29M	135.16M	144.54M	118.05M	119.68M
Cash, Cash Equivalents and Short-Term Investments	1.04M	7.72M	1.10M	12.73M	852.00K	3.37M
Total Debt	36.17M	31.15M	35.42M	33.12M	31.55M	35.61M
Total Liabilities	71.56M	68.89M	79.14M	98.27M	63.91M	79.02M
Stockholders Equity	58.95M	59.40M	56.02M	46.27M	54.13M	40.66M
Cash Flow
Free Cash Flow	-6.46M	10.19M	-13.35M	13.54M	-14.53M	3.64M
Operating Cash Flow	-3.27M	13.81M	-6.95M	16.64M	-12.83M	5.19M
Investing Cash Flow	-3.20M	-3.46M	-6.38M	-3.10M	-1.67M	-1.55M
Financing Cash Flow	6.56M	-3.73M	1.70M	-1.67M	11.98M	-2.69M

Broadwind Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• 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 2.1 is below the 20-day moving average (MA) of 2.32, below the 50-day MA of 2.24, and above the 200-day MA of 1.83, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 41.19 is Neutral, neither overbought nor oversold. The STOCH value of 23.76 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
BW	66 Neutral	$225.45M	―	29.28%	―	-33.75%	6.01%
Sector *	65 Neutral	$2.63B	14.09	15.18%	3.56%	2.94%	43.39%
LASE	54 Neutral	$57.39M	―	-61.47%	―	123.75%	66.85%
BWEN	48 Neutral	$48.39M	30.96	-3.73%	―	-18.38%	-128.11%
CETY	45 Neutral	$16.68M	―	-58.13%	―	-80.89%	50.92%
CVV	44 Neutral	$19.41M	―	-1.47%	―	34.35%	93.12%
TPICQ	38 Underperform	$1.78M	―		―	4.77%	7.98%

Broadwind Energy Corporate Events

Broadwind Energy Sells Manitowoc Operations for Optimization

In the second quarter of 2025, Broadwind reported a 7.6% increase in total revenue to $39.2 million, driven by higher sales in the wind and industrial sectors. Despite this growth, the company faced a net loss of $1.0 million, attributed to inefficiencies and lower demand in certain segments. The company is optimizing its operations by selling its Manitowoc industrial fabrication operations, expected to close in the third quarter, which will add approximately $13 million in cash and reduce annual costs by $8 million. This strategic move is part of Broadwind’s focus on higher-margin precision manufacturing verticals, positioning it for sustained growth.

Broadwind Energy Sells Manitowoc Operations to IES Holdings

On June 4, 2025, Broadwind Heavy Fabrications, a subsidiary of Broadwind, Inc., entered into an agreement to sell its industrial fabrication operations in Manitowoc, Wisconsin to Wisconsin Heavy Fabrication, LLC, a subsidiary of IES Holdings, Inc., for up to $13.8 million. This transaction, expected to close in the third quarter of 2025, aims to optimize Broadwind’s asset base, enhance liquidity, and support strategic focus on higher-margin precision manufacturing segments, while reducing operating costs and diversifying into other power generation and infrastructure markets.