Broadwind secures $6 million follow-on order for gas turbine components

Published 22/07/2025, 23:10
Broadwind secures $6 million follow-on order for gas turbine components

CICERO, Ill. - Broadwind (NASDAQ:BWEN), a precision manufacturer with a market capitalization of approximately $57 million and showing strong momentum with a 40% price return over the past six months, has received a follow-on order exceeding $6 million from a leading original equipment manufacturer in the natural gas turbine segment, according to a press release issued Tuesday.

The order represents the minimum first-year commitment in a two-year agreement that includes potential for additional volume. Under the terms, Broadwind will manufacture precision machined gearing products for use in natural gas turbines. According to InvestingPro data, analysts have set price targets ranging from $3 to $6 per share, suggesting potential upside for the company.

Production is scheduled to begin in the fourth quarter of 2025, with fulfillment expected throughout 2026 and 2027. This follows an initial order awarded to the company in the first quarter of 2025.

"This order reflects our strategy to capitalize on sustained, multi-year demand trends in the power generation market," said Eric Blashford, President and CEO of Broadwind, in the statement. With the company’s next earnings report due on August 6, InvestingPro analysis indicates analysts expect Broadwind to achieve profitability this year, marking a significant milestone for the company.

Broadwind describes itself as a precision manufacturer of structures, equipment and components for clean tech and specialized applications, with facilities throughout the United States. The company maintains a "Fair" overall financial health score according to InvestingPro analysis, with liquid assets exceeding short-term obligations, indicating stable operational foundations.

The company noted that the expanded commitment from the customer demonstrates confidence in Broadwind’s precision manufacturing capabilities and supports its long-term growth objectives in higher-value precision-machining verticals.

Broadwind trades on the Nasdaq exchange under the ticker BWEN. The information in this article is based on a company press release.

In other recent news, Broadwind, Inc. reported its first-quarter 2025 earnings, showing an earnings per share (EPS) of -$0.02, which was better than the anticipated -$0.04. The company’s revenue also surpassed expectations, coming in at $36.8 million compared to the projected $34.83 million. These results indicate stronger-than-expected performance for the quarter. Additionally, Broadwind held its Annual Meeting of Stockholders, where several important votes took place. Stockholders re-elected six directors with significant support, and the meeting also addressed executive compensation and an amendment to the company’s Section 382 Rights Agreement. Furthermore, the appointment of the independent accounting firm for 2025 was confirmed. These developments reflect ongoing corporate governance activities and financial performance insights for the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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