Broadwind Bags $16M In New Tower Orders

• Broadwind Inc (NASDAQ:BWEN) has received $16 million in new tower orders from a global wind turbine manufacturer.
• The company has sold greater than 40% of its FY22 optimal annual tower production capacity, including these new orders.
• Broadwind expects to schedule additional 2022 bookings over the coming months as OEM customers seek to secure additional production capacity.
• "Recently, we have begun to receive increased interest from our wind turbine OEM customers regarding tower capacity for the second half of 2022." stated CEO Eric Blashford.
• "Although we remain in the early phase of a broader recovery in onshore wind tower demand, we are encouraged by these new orders, which will go into production at our Abilene plant during the third quarter of 2022."
• Price Action: BWEN shares are trading higher by 12.9% at $1.93 on the last check Tuesday.