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