Broadwind Energy (BWEN)
NASDAQ:BWEN
Top Page
Broadwind Energy
(NASDAQ:BWEN)
Select Model
Select Model
Rating:54Neutral
Price Target:
$2.00
▼(-8.68% Downside)
Action:ReiteratedDate:04/06/26
The score is held back primarily by weak cash generation (negative TTM operating and free cash flow) and bearish technical trend signals. These are partially offset by improving profitability trends and a stronger balance sheet, plus a constructive earnings call with reaffirmed guidance and strong backlog/order momentum; valuation is modestly supportive with a ~12.35 P/E.
Positive Factors
Order & Backlog Strength
Sustained, multi-segment order intake and record backlogs provide durable revenue visibility over multiple quarters. A deep, diversified backlog cushions the company against spot demand swings, enables smoother capacity planning and supports management's reaffirmed guidance and medium-term revenue targets.
Negative Factors
Weak Cash Generation
Consistent negative operating and free cash flow raises funding and liquidity risk even as revenue recovers. Poor cash conversion constrains the company's ability to self-fund growth, increases reliance on credit or asset sales, and heightens vulnerability to working-capital swings in a cyclical end market.
Read all positive and negative factors
Positive Factors
Negative Factors
Order & Backlog Strength
Sustained, multi-segment order intake and record backlogs provide durable revenue visibility over multiple quarters. A deep, diversified backlog cushions the company against spot demand swings, enables smoother capacity planning and supports management's reaffirmed guidance and medium-term revenue targets.
Read all positive factors
Broadwind Energy (BWEN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$48.72M
Dividend YieldN/A
Average Volume (3M)131.09K
Price to Earnings (P/E)12.3
Beta (1Y)1.08
Revenue Growth-1.47%
EPS Growth52.65%
CountryUS
Employees411
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.04
Shares Outstanding23,310,715
10 Day Avg. Volume89,742
30 Day Avg. Volume131,088
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 Cap1.62
Enterprise Value/Revenue0.50
Enterprise Value/Gross Profit4.94
Enterprise Value/Ebitda5.27
Forecast
1Y Price Target
$4.00Price Target Upside82.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.01
Revenue Forecast (FY)$145.47M
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 Solution...
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 us...
Broadwind Energy Earnings Call Summary
Earnings Call Date:Mar 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 01, 2026
Earnings Call Sentiment Positive
The call presents a largely positive operational and commercial picture: record and expanding backlogs, strong order intake, double-digit growth in Industrial Solutions with improved margins, strategic portfolio optimization (divestiture) and reaffirmed 2026 guidance. Key short-term challenges include a raw material supply disruption that reduced Q4 throughput, modest adjusted EBITDA compression, and temporary utilization constraints in Gearing. Management has identified corrective actions, expects normalization in 2026, and highlighted meaningful capacity and market tailwinds (power generation, natural gas turbines, renewables) that support medium-term growth.Positive Updates
Consolidated Revenue Growth
Q4 consolidated revenue of $37.7 million, a 12% increase versus the prior-year quarter, driven primarily by Industrial Solutions strength.
Negative Updates
Adjusted EBITDA Compression
Q4 adjusted EBITDA declined to $1.9 million from $2.1 million in the prior-year quarter (~9.5% decrease), driven by lower capacity utilization and inefficiencies.
Read all updates
Q4-2025 Updates
Positive
Negative
Consolidated Revenue Growth
Q4 consolidated revenue of $37.7 million, a 12% increase versus the prior-year quarter, driven primarily by Industrial Solutions strength.
Read all positive updates
Company Guidance
Management reaffirmed full‑year 2026 guidance of $140–$150 million in revenue and $8–$10 million of adjusted EBITDA, expecting operations to normalize during 2026 after a Q4 raw‑material supply disruption; Q4 consolidated revenue was $37.7M with adjusted EBITDA of $1.9M. The outlook is supported by strong bookings and backlog: Q4 orders were nearly $39M, Gearing orders were $9.7M (up 38% YoY) with ~ $26M backlog, Industrial Solutions booked $11.1M (up 38% YoY) and a record backlog > $38M (Q4 revenue $9.4M, up 60% YoY, adj. EBITDA $1.5M, ~16% margin), and Heavy Fabrication had Q4 revenue of $21.6M with orders ~ $18M (down 20% YoY; +10% adjusted ex‑Manitowoc). Quarter‑end cash plus credit availability was nearly $25M, facilities total >600,000 sq ft, and management expects improved Gearing utilization and elevated Industrial Solutions revenue levels through 2026.Broadwind Energy Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
70
Positive
Cash Flow
34
Negative
| 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
Neutral
2.19
Price Trends
2.33
Negative
2.76
Negative
2.49
Negative
Market Momentum
-0.08
Negative
44.05
Neutral
61.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BWEN, the sentiment is Neutral. The current price of 2.19 is above the 20-day moving average (MA) of 2.08, below the 50-day MA of 2.33, and below the 200-day MA of 2.49, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 44.05 is Neutral, neither overbought nor oversold. The STOCH value of 61.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
54 Neutral | $48.72M | 12.35 | 8.34% | ― | -1.47% | 52.65% | |
48 Neutral | $29.07M | -4.19 | -6.24% | ― | 19.84% | 95.71% | |
41 Neutral | $4.13M | -2.28 | -82.18% | ― | -57.40% | 52.85% | |
| ― | $29.45M | -0.32 | 209.77% | ― | -98.20% | 93.77% | |
43 Neutral | $29.02M | -3.96 | -118.04% | ― | 176.99% | -30.97% | |
41 Neutral | $66.19M | ― | 4524.55% | ― | ― | ― |
* Industrials Sector Average
BWEN
Broadwind Energy
2.19
0.62
39.49%
CVV
CVD Equipment
4.14
0.97
30.60%
CETY
Clean Energy Technologies
0.83
-5.18
-86.25%
BURU
Nuburu
0.20
-0.68
-76.98%
LASE
Laser Photonics Corp.
1.05
-1.59
-60.23%
XCH
XCHG Limited Sponsored ADR
1.06
-0.16
-13.11%
Broadwind Energy Corporate Events
Business Operations and StrategyExecutive/Board Changes
Broadwind Energy Awards 2025 Incentives to Key Executives
Positive
Apr 6, 2026
On March 31, 2026, Broadwind’s Board of Directors approved discretionary annual incentives for 2025 under its Short Term Incentive Program, awarding $33,562.50 to President and CEO Eric B. Blashford and $12,140.55 to Vice President and CFO T...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Broadwind Reaffirms 2026 Outlook After Strong 2025 Results
Positive
Mar 11, 2026
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, ...
Business Operations and StrategyStock BuybackFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Broadwind Updates Credit Agreement and Issues 2026 Outlook
Positive
Feb 5, 2026
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 calcul...
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.