Broadwind Energy (BWEN)
NASDAQ:BWEN
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Broadwind Energy
(NASDAQ:BWEN)
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Rating:64Neutral
Price Target:
$4.00
▲(70.94% Upside)
Action:Reiterated
Date:05/16/26
The score is driven by solid technical strength (strong uptrend with positive MACD) and constructive earnings-call indicators (strong orders/backlog and improving core segment profitability). Offsetting this is mixed financial quality—especially negative TTM operating/free cash flow—and weak valuation signals from the negative P/E with no dividend support.
Positive Factors
Strategic pivot to Gearing & Industrial Solutions
Broadwind's deliberate exit from wind tower production and sale of assets refocuses the company on precision gearing and industrial power solutions. This narrows end-market exposure, targets higher margin businesses, and positions management to redeploy capital into areas with stronger structural demand and acquisition optionality.
Negative Factors
Inconsistent cash conversion
Repeated negative trailing cash flow despite reported net income signals earnings quality and working-capital risks. Weak cash conversion impairs the firm's ability to fund capex, reduce debt, or pursue bolt-on acquisitions without dilutive financing, pressuring long-term balance sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic pivot to Gearing & Industrial Solutions
Broadwind's deliberate exit from wind tower production and sale of assets refocuses the company on precision gearing and industrial power solutions. This narrows end-market exposure, targets higher margin businesses, and positions management to redeploy capital into areas with stronger structural demand and acquisition optionality.
Read all positive factors
Broadwind Energy (BWEN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$85.19M
Dividend YieldN/A
Average Volume (3M)1.35M
Price to Earnings (P/E)16.8
Beta (1Y)0.85
Revenue Growth9.07%
EPS GrowthN/A
CountryUS
Employees411
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.22
Shares Outstanding23,404,116
10 Day Avg. Volume1,414,273
30 Day Avg. Volume1,349,468
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 Cap1.33
Enterprise Value/Revenue0.73
Enterprise Value/Gross Profit7.06
Enterprise Value/Ebitda21.24
Forecast
1Y Price Target
$5.33Price Target Upside127.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.09
Revenue Forecast (FY)$145.01M
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:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call highlighted strong, multi-quarter order momentum, record backlogs and meaningful margin improvements in the core Gearing and Industrial Solutions segments, supported by targeted capital investments and strategic divestitures to focus the business. Offsetting items include an 8% consolidated revenue decline driven by the wind-related heavy fabrication exit, segment-level declines and a withdrawn full-year guidance that increase short-term uncertainty. On balance, the positive operational and commercial progress in the higher-margin core segments and improved segment profitability outweigh the transitional headwinds from the divestitures.Positive Updates
Strong Order Growth and Record Backlogs
Total Q1 orders of ~$37.0M with Gearing orders up ~66% YoY to $13.2M (36% sequentially) and Industrial Solutions orders up ~44% YoY (~$14.6–$15.0M). Industrial Solutions backlog reached a record ~$43.3M (more than $5M above prior high); Gearing backlog ~ $30.5M.
Negative Updates
Consolidated Revenue Decline
Consolidated Q1 revenue of $34.1M, down ~8% YoY, driven primarily by decline in heavy fabrication due to divestitures and wind tower exit.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Order Growth and Record Backlogs
Total Q1 orders of ~$37.0M with Gearing orders up ~66% YoY to $13.2M (36% sequentially) and Industrial Solutions orders up ~44% YoY (~$14.6–$15.0M). Industrial Solutions backlog reached a record ~$43.3M (more than $5M above prior high); Gearing backlog ~ $30.5M.
Read all positive updates
Company Guidance
Broadwind withdrew its full‑year 2026 guidance following the announced sale of the Abilene facility, while reiterating that the strategic exit from wind tower production will be complete in 2026 with remaining tower orders to be fulfilled through Q3; management said total cash plus credit availability was more than $25.0M (or $16.4M after minimum availability adjustments) and pro forma liquidity would improve by roughly $10.0M. Management expects Gearing and Industrial Solutions — which in Q1 booked $13.2M of gearing orders (+66% YoY) and $14.6–15.0M of Industrial Solutions orders (+44% YoY), with backlogs of $30.5M and ~$43.3M respectively — to drive a ratable revenue ramp from Q1 consolidated revenue of $34.1M (down 8% YoY) and to improve profitability (Q1 adjusted consolidated EBITDA $2.2M, down from $2.4M YoY but +16% sequentially), supported by a planned 30% expansion of Sanford, NC production space in Q2 and expectation that Industrial Solutions will operate at elevated revenue levels over the medium term.Broadwind Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 155.27M | 158.05M | 143.14M | 203.48M | 176.76M | 145.62M |
| Gross Profit | 16.00M | 15.47M | 21.19M | 32.51M | 10.71M | 5.51M |
| EBITDA | 5.32M | 6.76M | 10.99M | 17.47M | -417.00K | 10.34M |
| Net Income | 5.12M | 5.24M | 1.15M | 7.65M | -9.73M | 2.85M |
Balance Sheet | ||||||
| Total Assets | 117.97M | 116.81M | 128.29M | 135.16M | 144.54M | 118.05M |
| Cash, Cash Equivalents and Short-Term Investments | 943.00K | 456.00K | 7.72M | 1.10M | 12.73M | 852.00K |
| Total Debt | 27.95M | 28.28M | 35.53M | 35.42M | 33.12M | 31.55M |
| Total Liabilities | 51.79M | 50.52M | 68.89M | 79.14M | 98.27M | 63.91M |
| Stockholders Equity | 66.18M | 66.29M | 59.40M | 56.02M | 46.27M | 54.13M |
Cash Flow | ||||||
| Free Cash Flow | -9.96M | -19.02M | 10.19M | -13.35M | 13.54M | -14.53M |
| Operating Cash Flow | -4.46M | -15.38M | 13.81M | -6.95M | 16.64M | -12.83M |
| Investing Cash Flow | 7.12M | 8.89M | -3.46M | -6.38M | -3.10M | -1.67M |
| Financing Cash Flow | -2.92M | -772.00K | -3.73M | 1.70M | -1.67M | 11.98M |
Broadwind Energy Technical Analysis
Positive
2.34
Price Trends
2.63
Positive
2.73
Positive
2.59
Positive
Market Momentum
0.36
Negative
56.21
Neutral
25.49
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 2.34 is below the 20-day moving average (MA) of 3.26, below the 50-day MA of 2.63, and below the 200-day MA of 2.59, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 56.21 is Neutral, neither overbought nor oversold. The STOCH value of 25.49 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $85.19M | 16.76 | 7.92% | ― | 9.07% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $41.99M | -11.25 | -14.58% | ― | -36.20% | -4349.51% | |
41 Neutral | $9.03M | -0.74 | -82.18% | ― | -57.40% | 52.85% | |
| ― | $35.05M | -0.35 | 225.49% | ― | 595.90% | 80.30% | |
41 Neutral | $31.67M | -1.22 | -681.39% | ― | 144.26% | -108.38% | |
41 Neutral | $50.23M | -1.26 | -137.21% | ― | ― | ― |
* Industrials Sector Average
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Broadwind Energy Corporate Events
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 ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Broadwind Exits Wind Towers, Refocuses on Power Infrastructure
Neutral
May 6, 2026
On April 30, 2026, Broadwind’s subsidiary Broadwind Heavy Fabrications sold its Abilene, Texas wind tower production facility, including real estate and related assets, to IES Infrastructure for up to $19.5 million in consideration, and ente...
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, ...
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.