BROADWIND AND BUILDING WIND

Can this wind power company ever make money?

Michah Maidenberg, April 4, 2015 (Crain’s)

“…Six years after Broadwind began trading on the Nasdaq stock market, the company has yet to turn an annual profit and its stock has…[slumped] to $4.89 on April 2, down 80 percent since touching $24.30 in January 2011…[Broadwind is one of a clutch of manufacturers, including S&C Electric, Winergy, and ZF Services], that depend at least in part on the development and operations of wind farms. Like the others, the company stands to gain if wind becomes a bigger part of the energy mix around the country—a recent U.S. Department of Energy report predicts that the U.S. could derive 20 percent of its power from wind by 2030, up from 4.5 percent in 2013…But then there are those headwinds: a recent slowdown in the growth rate for electricity, subsidies for other energy generation such as nuclear power, competition from bigger U.S. and foreign manufacturers, and the expiration of a federal tax credit for wind farms and other renewable energy…The vast majority of [Broadwind’s] revenue last year, $184.9 million, came from sales of towers…” click here for more

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