Broadwind (NASDAQ:BWEN), a diversified precision manufacturer of specialized components and solutions serving global industries, today announced that the Company has received $13 million in new tower orders from a leading global wind turbine manufacturer.
Including these new orders, Broadwind has booked nearly 50% of its full-year 2022 optimal annual tower production capacity. Broadwind expects to schedule additional 2022 bookings over the coming months, as OEM customers seek to secure additional production capacity.
“We believe wind tower demand has begun to stabilize, with activity levels expected to gradually improve over the next 24 months,” stated Eric Blashford, President and CEO of Broadwind. “Over the last thirty days, we have received a total of $29 million in tower orders, all of which will be fulfilled at our Abilene plant primarily during the third quarter 2022. We look forward to providing additional progress updates on the fourth quarter earnings call scheduled for Wednesday, March 2, 2022.”