Broadwind Rises on $50 Million Tower Order From U.S. Company

(Bloomberg) — Broadwind Energy Inc., a producer of steel

towers and components for wind farms, climbed the most in almost

two weeks after securing a $50 million order.

Broadwind rose 4.3 percent to $4.14 at 4 p.m. in New York,

the biggest one-day gain since June 12.

The Cicero, Illinois-based manufacturer didn’t identify the

U.S. company that agreed to buy the towers, which will be

produced in factories in Manitowoc, Wisconsin, and Abilene,

Texas, for delivery in 2016, according to a statement Thursday.

“This is a good start to filling out our capacity for

2016, and we are currently in active discussions on additional

orders for 2016 and 2017,” Chief Executive Officer Peter Duprey

said in the statement.

To contact the reporter on this story:

Justin Doom in New York at

To contact the editors responsible for this story:

Reed Landberg at

Jim Efstathiou Jr., Steven Frank

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us