Broadwind Energy Inc (BWEN)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
The exit from wind is financed and the order intake of the remaining business is strong — but with $943,000 in cash at the reporting date, a twice-loosened credit line through August 2027, and a forward P/E around 43, none of that comes free. The quarterly report on August 11, 2026 shows the new Broadwind for the first time without the wind business — before that, there's no reason to chase it.
symbol.quality_note
Broadwind sounds like a wind-power comeback: steel towers for wind turbines, a price-to-sales ratio around 0.6, strong price momentum. We read the annual report and the quarterly report at the SEC — and found a completely different story: $943,000 in cash as of March 31, 2026, a Wells Fargo credit line whose covenants have been loosened twice, a legislated end to subsidies, and the sale of both tower plants. Not investment advice — just the story the price tag doesn't tell.
Read the analysis
Stock Watch
This analysis is as of July 15, 2026. Stock Watch will tell you what's changed at BWEN since then.
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Appears in These Scanners
This stock currently matches 2 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 4.10 $ — 66% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/04/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AAQS
0/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -1.5%
- Exp. sales growth 3Y > 5% -20.7%
- EBIT growth 10Y > 5% -14.8%
- Exp. EBIT growth 3Y > 5% -20.7%
- Net debt < 4x EBIT 61.8x
- EBIT positive, 10Y straight 5
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% 8.0%
- ROCE > 15% 0.5%
- Expected return > 10% -36.9%
View all AAQS quality stocks · Read the methodology at AlleAktien
Source: fundamental data
AI Rating
NeutralBroadwind fertigt Windkraft-Türme, Getriebe und Industriekomponenten — in den geprüften Filings ohne wesentlichen KI-Bezug: Alle vier 10-Qs enthalten keinerlei KI-Erwähnung (grep-Negativ-Befund über 'artificial intelligence', 'machine learning', 'AI'). Beide 10-Ks nennen KI nur in Boilerplate-Form: eine unverbindliche Evaluierungs-Floskel ('we continue to evaluate the implementation of emerging technologies such as generative artificial intelligence and machine learning into our products and services' — Evaluieren ist kein belegter Einsatz) und der hypothetische Risikofaktor 'We may, now and in the future, use artificial intelligence …' samt generischer Wettbewerbs-/Regulierungsfloskeln ohne konkreten Bezug zum eigenen Geschäftsmodell. Weder KI-Umsatzquelle noch belegter operativer KI-Einsatz noch konkretes KI-Geschäftsrisiko.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-05-12 · 10-Q 2025-11-13 · 10-Q 2025-08-12 · 10-Q 2025-05-13 · 10-K 2026-03-11 · 10-K 2025-03-05
Rated on July 8, 2026 · How the Rating Is Built
Growth Score
3 of 10 Weak growthTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -3.7% failed
- More than 10% revenue growth is expected for the coming year -16.8% failed
- Share count grows by less than 3% a year 4.2% failed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -1.6% failed
- Gross margin at 40% or higher and without meaningful erosion 9.8% failed
- Goodwill from acquisitions does not grow faster than revenue 0.0% passed
- Net debt below twice EBITDA 1.9 x EBITDA passed
- Operating cash flow covers the profits of the last three years -23 m failed
- Return on capital at 15% or higher, or up versus two years ago 0.5% failed
- Insiders hold at least 10% or are net buyers 13.9% passed
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 46.3% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 3
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.13 | -0.19 – -0.08 | 120 | -8.0% | 3 |
| 12/31/2027 | -0.12 | -0.27 – 0.03 | 100 | 10.0% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- -0.01 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.04 | -185.30 | 34 | -28.00 | -2.70 | 15 | 15 |
| 2025: Q1 | -0.02 | -124.50 | 37 | -2.10 | -1.00 | -8 | -9 |
| 2025: Q2 | -0.04 | -305.20 | 39 | 7.60 | -2.50 | -13 | -14 |
| 2025: Q3 | 0.32 | 9,985.10 | 44 | 24.60 | 16.90 | 4 | 4 |
| 2025: Q4 | -0.04 | – | 38 | 12.40 | -2.30 | 1 | 0 |
| 2026: Q1 | -0.02 | – | 34 | -7.50 | -1.50 | 3 | 0 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 181 | 2 | 0 | 0.02 | 17 | 69 | 118 |
| 2017 | 147 | -7 | -4 | -0.24 | -9 | 66 | 112 |
| 2018 | 125 | -25 | -24 | -1.56 | 2 | 43 | 99 |
| 2019 | 178 | -2 | -5 | -0.28 | 5 | 41 | 123 |
| 2020 | 199 | 0 | -1 | -0.09 | 5 | 41 | 120 |
| 2021 | 146 | -13 | 3 | 0.15 | -13 | 54 | 118 |
| 2022 | 177 | -7 | -10 | -0.48 | 17 | 46 | 145 |
| 2023 | 203 | 11 | 8 | 0.36 | -7 | 56 | 135 |
| 2024 | 143 | 4 | 1 | 0.05 | 14 | 59 | 128 |
| 2025 | 158 | 0 | 5 | 0.23 | -15 | 66 | 117 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
$131.4 million in order intake in 2025 (+22 percent), Industrial Solutions +79 and gearing +52 percent, book-to-bill of 1.1 in the first quarter of 2026 — the remaining business is benefiting from the gas-turbine boom; order backlog of $99.1 million (March 31, 2026).
Manitowoc sale of $13.5 million (September 2025), Abilene sale of up to $19.5 million (April 30, 2026) plus $15.4 million of free credit line and an unused $11.7 million equity program — the exit from wind is paid for, not just decided.
A price-to-sales ratio around 0.63 and EV/revenue around 0.86 are cheap — but the P/E around 19 lives off the one-off gain, and the forward P/E sits around 43 (data as of July 6, 2026). Cheap by revenue, expensive by earnings: the price is a bet on a successful restructuring.
$943,000 in cash as of March 31, 2026, −$4.4 million operationally over four reporting quarters, an Altman Z of −2.45; the Wells Fargo credit line expires on August 4, 2027, and its covenants have been loosened twice since late 2024 (most recently to 0.75).
The OBBBA law of July 4, 2025 eliminates the AMP credits after 2027 (2025: $13.1 million — more than double net income) and ends PTC/ITC for new wind projects — the foundation of the tower business has collapsed politically.
2025 net income ($5.2 million) only thanks to an $8.2 million one-off sale gain; operating cash flow of −$15.4 million; a Beneish M-Score of −1.31 above the warning threshold; a fundamental grade of D in our in-house scanner — the ongoing business isn't making money yet.
Broadwind is no longer a wind-power bet — it's a cash-strapped restructuring story: the tower plants are sold, the subsidies are running out, and whether gearing plus gas-turbine supply alone can carry a profit still has to be proven by the reports starting in August 2026. Until then, the thin cash position hangs on the credit line and sale proceeds. Not investment advice.
- Smoke-detector note: the Insolvency Radar measures the balance-sheet date of March 31, 2026 — the Abilene proceeds (up to $19.5 million, April 30, 2026) flowed in afterward and improve the cash position in the following quarter; this analysis contains no insolvency verdict.
- Starting in the second quarter of 2026, the wind business (51 percent of 2025 revenue) will be reported as a discontinued operation — revenue and earnings series are then reclassified retroactively and only comparable to prior periods to a limited extent.
- AI finding: in the annual report (10-K) for 2025, artificial intelligence appears only in standard risk clauses (evaluation of "emerging technologies", competitive and legal risks) — no AI product, no AI revenue.
About the Company
Broadwind, Inc. fertigt und verkauft Strukturen, Anlagen und Komponenten für Stromerzeugung, kritische Infrastruktur und andere spezialisierte Anwendungen in den USA.
| Employees | 341 |
|---|---|
| Headquarters | Cicero, IL |
| Address | 3240 S. Central Avenue, 60804 Cicero, United States |
| Phone | 708 780 4800 |
| Website | bwen.com |
| IPO Date | 29. Mar 2004 |
| ISIN | US11161T2078 |
| Stock Split | 1:10 on 08/23/2012 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Eric B. Blashford | CEO, President & Director | 1964 |
| Thomas A. Ciccone | VP & CFO | 1975 |
| Gilbert M. Mayo Jr. | President of Broadwind Industrial Solutions, LLC | 1962 |
| Arlene McKenzie | Corporate Secretary | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: August 3, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.