Richardson Electronics partners with KEBA for wind turbine pitch systems

Published 29/07/2025, 16:18
Richardson Electronics partners with KEBA for wind turbine pitch systems

LAFOX, Ill. - Richardson Electronics, Ltd. (NASDAQ:RELL), a $153 million market cap company with a solid financial foundation and 38-year track record of consistent dividend payments, announced a partnership with KEBA Industrial Automation to introduce a new line of cost-efficient pitch systems for wind turbine installations across North America. According to InvestingPro data, the company maintains a healthy balance sheet with more cash than debt.

The collaboration integrates KEBA’s Pitch Drive Technology with Richardson’s custom-built Pitch Energy Modules across various wind turbine technologies. The partnership aims to enhance compatibility and enable greater flexibility in adapting solutions to meet renewable energy sector demands. With a current ratio of 4.52, Richardson Electronics demonstrates strong operational liquidity to support such strategic initiatives.

KEBA brings over 20 years of application expertise in pitch control systems for both onshore and offshore wind turbine installations. Their pitch drives are certified by TÜV and Germanischer Lloyd, meeting strict safety standards while optimizing system efficiency through advanced functional safety features.

The pitch systems are designed to reduce material input, lower operating costs, and offer flexibility with features such as emergency pitching profiles. The platform supports various system architectures and motor technologies, along with fanless and cooled designs for integration in harsh environments.

"We are proud to join forces with KEBA as a technology partner for their industry-leading pitch control systems," said Greg Peloquin, Executive Vice President and General Manager of Power & Microwave Technologies and Green Energy Solutions at Richardson Electronics.

Richardson Electronics operates manufacturing facilities in LaFox, Illinois; Marlborough, Massachusetts; and Donaueschingen, Germany. The company serves customers across multiple sectors including alternative energy, healthcare, aviation, and industrial markets.

The announcement comes as demand for reliable and efficient wind energy solutions continues to grow in the renewable energy sector, according to the company’s press release statement. The stock has shown strong momentum with a 14% gain over the past week, though InvestingPro analysis suggests the stock is currently trading slightly above its Fair Value. Investors can access 8 additional exclusive ProTips and comprehensive financial analysis through the Pro Research Report, available with an InvestingPro subscription.

In other recent news, Richardson Electronics Ltd reported its fourth-quarter fiscal year 2025 earnings, revealing a notable earnings per share (EPS) beat. The company achieved an EPS of $0.12, surpassing the projected $0.10, marking a 20% surprise. Despite this positive earnings result, Richardson Electronics’ revenue fell short of expectations, recording $51.9 million against a forecast of $55.07 million. This discrepancy highlights a revenue shortfall that may concern some investors. However, the strong EPS performance indicates effective cost management or other operational efficiencies. No recent analyst upgrades or downgrades have been reported for Richardson Electronics. These earnings results and revenue figures are part of the company’s recent developments, which investors are closely monitoring.

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