Profile: Broadwind Energy Inc (BWEN.OQ)

BWEN.OQ on NASDAQ Stock Exchange Capital Market

4.94USD
1 Aug 2013
Price Change (% chg)

$0.36 (+7.86%)
Prev Close
$4.58
Open
$4.69
Day's High
$4.94
Day's Low
$4.69
Volume
18,168
Avg. Vol
15,608
52-wk High
$6.00
52-wk Low
$1.72

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Broadwind Energy, Inc., incorporated on June 20, 2008, provides technologically advanced products and services to energy, mining and infrastructure sector customers, primarily in the United States. The Company’s product and service portfolio provides its wind energy customers, including wind turbine manufacturers, wind farm developers and wind farm operators, with access to a broad array of component and service offerings. The Company’s segments include Towers and Weldments segment, Gearing segment and Services segment. The Towers and Weldments segment specializes in the production of wind turbine towers. The Company engineer, build and remanufacture precision gears and gearing systems for wind, oil and gas, mining and other industrial applications. The Company offers a range of services primarily to wind farm developers and operators. In April 2013, the Company sold its idle tower plant in Brandon, SD.

Towers and Weldments

The Company’s production facilities, located in Manitowoc, Wisconsin and Abilene, Texas, are situated in close proximity to the primary United States domestic energy and equipment manufacturing locations. It specialize in heavier next generation wind towers that are larger, more technically advanced towers, designed for two megawatt (MW) and larger wind turbines. The Company is also applying its core competency in welding large structures to other industries, including the mining and heavy equipment industries. It has production facilities to fabricate specialty weldments in Manitowoc, Wisconsin and Abilene, Texas, which provide large-scale sites, capacity and support equipment. Its capabilities include integrated blasting, cutting, beveling, rolling and welding capabilities.

Gearing

The Company uses an integrated manufacturing process, which includes machining processes in Cicero, Illinois, heat treatment in Neville Island, Pennsylvania, and a finishing process in a second Cicero factory. The Company is in the process of consolidating the operations of the two Cicero facilities into one of the existing facilities.

Services

The Company specializes in non-routine blade and gearbox maintenance services for both kilowatt and megawatt turbines. The Company also offers field services to the wind industry. The Company provides wind services across the United States, with primary service locations in South Dakota and Texas. The Company’s dedicated drivetrain service center in Abilene, Texas (the Abilene Service Facility) services the growing installed base of multi-megawatt wind turbines as they come off warranty and, to a limited extent, industrial drivetrains and gearboxes requiring assembly, repair and testing.

The Company competes with Trinity Industries, DMI Industries, Katana Summit, SIAG, Overton Chicago Gear, Cincinnati Gearing Systems, Merit Gear, Horsburgh & Scott, GE Services, Siemens, enXco, Outland Energy Services and UpWind Solutions.

Company Address

Broadwind Energy Inc

3240 S. Central Ave
CICERO   IL   60804
P: +1708.7804800
F: +1302.6745266

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