Broadwind Energy Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
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.
Why this colour
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.
What the thesis turns on
Assessment: Opportunities & Risks
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.
Order book
$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).
Restructuring financing
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.
Valuation
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.
Liquidity
$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).
Subsidy landscape
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.
Earnings quality
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.
Worth Noting
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.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at BWEN since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 2.00 $ to 5.40 $ · Last price: 4.30 $ (As of: September 18, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
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.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Specialty Industrial Machinery
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Broadwind Energy Inc BWEN | 0.1 | 18.0 | 5.4 | 11.8 | – | 10.4 | 99.5 |
| GE Vernova LLC GEV | 275.3 | 26.5 | 81.5 | 20.6 | 5.5 | 8.9 | 54.3 |
| Eaton Corporation PLC ETN | 177.4 | 40.1 | 28.8 | 36.0 | 16.1 | 10.3 | 15.7 |
| Parker-Hannifin Corporation PH | 120.8 | 35.0 | 21.7 | 37.6 | 21.5 | -0.4 | 25.9 |
| Emerson Electric Company EMR | 88.1 | 34.4 | 18.4 | 53.2 | 24.2 | 3.0 | 15.4 |
| Illinois Tool Works Inc ITW | 79.1 | 25.3 | 17.7 | 44.2 | 25.7 | 0.9 | 4.8 |
| Cummins Inc CMI | 76.2 | 26.2 | 15.3 | 25.8 | 9.8 | -1.3 | 26.7 |
| Ametek Inc AME | 54.5 | 35.5 | 22.7 | 36.9 | 26.3 | 6.6 | 26.6 |
| Rockwell Automation Inc ROK | 48.4 | 43.1 | 28.0 | 49.1 | 20.7 | 1.0 | 20.8 |
| Median of companies shown | 79.1 | 34.4 | 21.7 | 36.9 | 21.1 | 3.0 | 25.9 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
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.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($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 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
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
| 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 |
| 2026: Q2 | -0.03 | 25.00 | 24 | -38.00 | -2.50 | – | – |
What Do These Terms Mean?
- 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.
Screening
Appears in These Scanners
This stock currently matches 1 of our scanner strategies — each hit links to the scanner.
Risk & Weakness
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
Outlook
Analysts & Price Target
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.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.11 | -0.13 – -0.08 | 107 | 23.1% | 3 |
| 12/31/2027 | 0.05 | 0.01 – 0.08 | 112 | 147.4% | 2 |
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.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Broadwind 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
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -3.7%
- More than 10% revenue growth is expected for the coming year -16.8%
- Share count grows by less than 3% a year 4.2%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -1.6%
- Gross margin at 40% or higher and without meaningful erosion 9.8%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 1.9 x EBITDA
- Operating cash flow covers the profits of the last three years -23 m
- Return on capital at 15% or higher, or up versus two years ago 0.5%
- Insiders hold at least 10% or are net buyers 13.9%
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
Quality check
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% -16.0%
- EBIT growth 10Y > 5% -14.8%
- Exp. EBIT growth 3Y > 5% -55.6%
- 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% -64.2%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
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
- 03/29/2004
- 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.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/11/2026 BROADWIND, INC. (BWEN): Results of Operations and Financial Condition; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: September 18, 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.