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Stock impact report

Broadwind Energy's stock soars on heavy volume after wind turbine order [MarketWatch]

Broadwind, Inc. (BWEN) 
Last broadwind, inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.bwen.com/investors/default.aspx
Company Research Source: MarketWatch
Shares of Broadwind Energy Inc. were vaulted 74% higher on heavy volume to pace all premarket gainers Tuesday, after the clean technology components maker announced an order valued at $19 million from a wind turbine customer. Trading volume topped 1.8 million shares, compared with the full-day average of about 28,000 shares. The company expects most of the revenue from the order to be recorded in the fourth quarter of 2020. The company said it now has about 80% of its 2020 tower production capacity in backlog. To put the value of the order in context, Broadwind recorded $178.2 million in revenue in 2019, up from $125.4 million in 2018. The stock, which was trading around the highest closing price seen since July 2018, has last 16.3% year to date through Monday, while the S&P 500 has declined 10.9%. Show less Read more
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