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A Mighty Wind: Expanding World Demand for Clean Energy Solution

Posted, by FinProfiles on September 21st, 2009

Broadwind Energy (BWEN 8.10) has a national US presence in the wind energy business and provides an integrated supply chain in energy services, heavy steel fabrication, gears and bearings, towers and transportation for wind energy systems. 2008 revenue grew to $217 million from $29 million in 2007, with nearly $100 million of that increase derived from organic growth.

BWEN has around 100 million shares outstanding, and despite booking a $7.0 million operating loss in the first quarter of 2009, has seen its share price recover from recession lows well under $3.00 to current levels in the $8.00 to $9.00 range after touching July highs of $12.00.

Authored by, FinProfiles
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